ADA developer and founder Vitalik Buterin, one of the creators of the Ethereum (ETH) network, has poked fun at him on Twitter.
Hoskinson, an American entrepreneur, was also a co-founder of the Ethereum blockchain technology, which is noteworthy to note. In any case, on May 17th, Hoskinson took to the social media site Twitter to make a playful jab at his ex-social partner’s media following.
After reflecting on his views regarding Ethereum, decentralised finance (DeFi), and democracy in general in a discussion on Twitter, Buterin wrote the following comment.
My desire for Ethereum to become more like Bitcoin in terms of long-term stability and stability, especially culturally, and my knowledge that getting there needs quite a lot of active concerted short-term change, are in conflict with each other.
Vitalik also took into account: Confusion between my wish to see a genuinely extreme-capability Ethereum and my awareness that many critical applications on Ethereum currently use much more vulnerable security assumptions than what we consider acceptable in Ethereum protocol architecture.”
It has also been explained by Cardano CEO Hoskinson in response to critics who claim the cryptocurrency is an “obfuscated swindle,” that there is nothing to conceal.
Stablecoins such as Deus Finance’s stablecoin Dei (DEI), which also lost its peg, and cryptocurrencies in general, have been the subject of much worry after the “state of collapse” that the UST suffered. Concerns that Cardano’s ecosystem lacks a number of essential components have recently resurfaced.
Detractors claim that Terra’s ecosystem had a TVL of moreover $30 billion when it was at its zenith, despite the fact that ADA is valued at more than $20.1 billion (without staking of governance assets).
When it comes to growing the Cardano ecosystem, Charles Hoskinson highlighted that “years of work, growth, and a vast community” are the most significant variables.
There are now 937 Cardano projects under progress, an increase from the previous total of 925. One hundred and eighty-four new projects have just been launched on Cardano’s network, bringing the total number of non-fungible token (NFT) projects to 5,549.