The rumours were quickly dispelled by the Cardano community. Charles Hoskinson, the creator of Cardano, also poked fun at the speculators.
Recent accusations from the wider cryptocurrency community that Cardano is a “ghost chain” have frustrated and alarmed ADA investors.
However, the Cardano community came together to disprove these rumours, with creator Charles Hoskinson at the front. Cardano’s strength and contributions to the blockchain ecosystem were highlighted as they put a stop to the haunting rumours with dedication and an armoury of facts.
TapTools, a prominent Cardano wallet provider, responded to the ‘ghost chain’ rumours after becoming more agitated by them.
TapTools highlighted the bustling activity on Cardano by highlighting the Proof-of-Stake network’s massive achievement of processing over 72 million transactions, each of which represented a unique interaction. By highlighting Cardano’s 8.6 million native assets and its excellent Total Value Locked (TVL), which has risen by over 300% this year to $190 million, the wallet provider underlined the ecosystem’s robustness and demonstrated the community’s trust and involvement.
In addition to the insights provided by TapTools, more commentary came from other Cardano platforms and influencers, who remarked on the network’s unprecedented six-year uptime and fast-expanding active user population.
Over 4.2 million ADA wallets and 22.6 billion ADA have been staked, putting an end to the rumours of a “ghost chain” for Cardano. Charles Hoskinson had the last laugh in the discussion by saying, “Ghost chain gonna ghost,” a fun poke at the speculators.
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