Cardano Founder Charles Hoskinson Busts ‘Ghost Chain’ Myth

MARKET_WATCH Crypto

Rumors of Cardano being a 'ghost chain' has stirred drama within the community. 

 

  • The Cardano community swiftly addressed the rumors.
  • Cardano Founder Charles Hoskinson also took a jab at the speculators.  

The broader crypto community recently accused Cardano of being a ‘ghost chain,’ stirring frustration and concern among ADA holders. 

 

However, the Cardano community, led by founder Charles Hoskinson, banded together to debunk these unfounded claims. They ended the haunting speculations with determination and an arsenal of evidence, highlighting Cardano’s strength and contributions to the blockchain space. 

 

Cardano Community Exorcises Rumors

After growing increasingly frustrated over the accusations, TapTools, a leading Cardano wallet provider, stepped up to challenge the ‘ghost chain’ rumors with compelling evidence. 

 

Emphasizing the Proof-of-Stake network’s titanic feat of processing over 72 million transactions, each representing a unique interaction, TapTools showcased the thriving activity on Cardano. The wallet provider highlighted the ecosystem’s strength by pointing out Cardano’s 8.6 million native assets and impressive Total Value Locked (TVL), which has surged by over 300% this year to $190 million, showcasing the community’s confidence and engagement.

Adding to TapTools’ comments, other Cardano platforms and influencers also chimed in, with some highlighting the network’s unparalleled six-year uptime and others pointing out its rapidly growing active user base.

 

Source : [Cardano Founder Charles Hoskinson Busts ‘Ghost Chain’ Myth](dailycoin.com/cardano-founder-charles-hoskinson-busts-ghost-chain-myth/) by Insha Zia - DailyCoin by Insha Zia / August 02, 2023

rayn.finance logo

Automata FRANCE SAS

240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma

Italy

The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act.