Stirring the Pot of Criticism
In the world of blockchain, a little friendly banter can go a long way—except when it doesn’t. Such was the case when Cardano founder, Charles Hoskinson, fired back at fan commentary questioning the foundation’s roadmap. With a dash of humor and a heavy sprinkle of determination, he tackled doubts head-on, declaring, “It’s getting delusion town now.” He wasn’t just throwing shade; he was ready to shine a spotlight on his project’s strengths.
A Comparison That Gets Under His Skin
Oh, the comparisons to Ethereum! It seems that for Charles, it’s akin to comparing apples to, well, a dumpster fire. He retorted, “Ethereum has a dumpster fire of a consensus layer, has a terrible programming model that they can’t change, and are getting eaten alive by their own layer 2 ecosystem.” Ouch! One could cheekily wonder if this is a case of crypto jealousy or just good old-fashioned competition. Either way, Charles is all in on Cardano, stating, “Cardano’s sidechain plans mutually benefit both Cardano and the sidechain,” a clear indication that he’s focused on moving forward.
Hydra: The Beast Within Cardano
Let’s talk Hydra—the layer-2 solution that might just catapult Cardano into the fast lane of transaction processing. Initially discussed back in March 2020, Hydra aims to offload transactions from the main network, envisioning an impressive throughput of up to a million transactions per second! In Charles’s words, “Simulations have shown that each ‘Hydra head’ can currently process about 1,000 transactions per second (TPS).” That’s not just setting the bar high; it’s launching it into orbit!
The Reality Check: Current Statistics
While aspirations abound, the current reality looks a bit different. Data from Cardanoscan reveals that the blockchain is processing an average of 65,000 transactions per day, equating to about 0.75 TPS. Meanwhile, Ethereum is busy flexing its muscles with over 1 million transactions in the last 24 hours, or roughly 12.45 TPS. Feels like the tortoise and the hare story, doesn’t it? But hey, the tortoise is still racing!
A Never-Ending Comeback
In the face of skepticism, Hoskinson remains an emblem of resilience. “No matter how many times the VC coins, the cryptomedia, or the maxi crowd proclaims we are dead, irrelevant, or failing, we always remind them that Cardano is here to stay,” he proclaimed in a previous tweet. In the crypto arena where every day brings new challenges, Charles seems to know one thing for sure: he’s not going anywhere, and neither is Cardano.
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