A (good) monumental mistake – Charles Hoskinson is both co-founder of the network Ethereum (ETH) in 2013, then main founder of Cardano (ADA) as early as 2014. We have recently seen that large “whale” investors were accumulating ADAs. It turns out, however, that Charles Hoskinson strongly deceived on the success of its blockchain network (but for the better, as we will see).
Already 4 million different tokens in addition to ADA
It’s been just over a year since the network Cardano became multi-asseti.e. it has tokens other than its native cryptocurrency, theTHERE IS. The ability to create digital tokens on Cardano has indeed arrived with the Mary updatewhich occurred on March 1, 2021.
The smart contracts (smart contracts), allowing the creation ofdecentralized applications (DApps), arrived a few months later, with the Alonzo updateSeptember 12, 2021.
Long before all of this, in July 2020, Charles Hoskinsonfounder of Cardano, had engaged in a risky bet on the number of tokens and DApps coming to the network. And in the end, he was wrong, greatly undervaluing the success of this blockchain:
“Remember when I predicted thousands of assets and DApps on Cardano? Well I was wrong, there are now millions of native assets issued and DApps are already in the hundreds. Slowly but surely. »
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DeFi on Cardano regarding to explode with Vasil update?
As the data cited by Charles Hoskinson shows, Cardano already has almost 4 million assets different, with not far from 50,000 minting features (emission) distinct.
According to data from deFiLing reported by Cointelegraph, decentralized finance (DeFi) DApps on Cardano on the other hand would still be quite modest compared to their competitors from other blockchains. There would be approximately $315 million in Total Locked Value (TVL) on Charles Hoskinson’s network – the project blockchain Terra (LUNA) has $20 billion in TVL for example.
Charles Hoskinson explains that TVL on Cardano would only be in its very beginning. Indeed, the CEO of IOHK believes that many DApps in development are patient until the arrival of hard fork Vasil in June 2022. This update will bring the innovation of the « pipelining »which should greatly to augment the number of transactions per second.
“What most also don’t understand is that many DApps on Cardano are waiting for the Vasil update to launch in June, to benefit from the pipelining. So it looks like we haven’t seen anything for TVL yet. [sur le réseau ADA]. »
Even though the Cardano project seems to be a follower of the fable of the hare and the tortoise, it sometimes reserves for us to nice surprises. A few days ago we saw 1.5 billion ADA tokens to be staked to generate passive incomeand this, in less than 12 hours of time!
Cardano has been around for a long time across the cryptosphere. The project continues to attract many investors. You don’t have an ADA in your portfolio yet? In this case, register quickly on KuCoin and start earning! (affiliate link)
