Home
News
Recent data came out that showcased that there are activities noted on Cardano blockchain network that were being criticized for long to not have the same.
While going through the transaction volumes in the last 24 hours across the major blockchains, Charles Hoskinson sent out the data publicly that would shut the claims of critics saying Cardano blockchain has ghost activities. Co founder and CEO of the research and development responsible firm for Cardano – Input Output Global or IOG, Charles Hoskinson was going through the data on 29th May, sunday.
As per the data based on the research by Messari, Charles Hoskinson showed that Cardano had $9,57 worth transaction volume in 24 hours that makes it second only blockchain network after bitcoin and even higher than second biggest blockchain, Ethereum.
For comparison, at the same time when Cardano had trading volume in 24 hours was $9.24 billion, top cryptocurrency blockchain network Bitcoin had $10.32 while second biggest cryptocurrency blockchain network had $2.52 billion. This analytics might have been a relief for Charles Hoskinson who has been listening for long where Cardano blockchain critics have been calling the blockchain network a ‘ghost chain’ at many instances for a long time now.
Cardano blockchain has been victim of such attacks that went on continuously even after showcasing the data. For instance one twitter user stated on 30th May, that he is no fan of centralized database blockchains like Solana but he calling Cardano a boomer ghost chain said that at least Solana has activities on its blockchain and there are no arguments about it.
Such arguments are nothing new for Cardano where one of the harshest critics of the blockchain network is founding board member of Eaglebrook Advisors, Mike Alfred has seen to enjoy trolling Cardano network and its community. For many instances he has called that the Cardano network has no virtual traffic.
Earlier he had also been seen saying that there were still some remaining signs of enthusiasm and speculations in the market. He, while putting an example, criticized Cardano by saying that no one uses blockchain networks and still it was up by 10%. He said that Cardano would be down by 98% if it just traded on its fundamentals.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
