Addressing the Community's Assumptions on Cardano's Blockchain

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by Giorgi Kostiuk

2 years ago

Made with AI

Cardano's founder, Charles Hoskinson, discussed various concerns raised by community members regarding the blockchain project. In a recent video, Hoskinson responded to specific questions from a Cardano user, providing clarity on some of the assumptions circulating within the project's community.

Hoskinson acknowledged the suggestion that Cardano requires the integration of widely-recognized stablecoins to thrive. While admitting the importance of better-established stablecoins on Cardano, he mentioned previous attempts to implement them and assured the community of the ongoing efforts by the Cardano Foundation to achieve this.

Furthermore, the Cardano CEO dismissed claims that the blockchain experiences severe congestion despite having a low number of active users and ongoing mints. Although he recognized the presence of congestion, he highlighted the considerable number of active users and mints on the blockchain.

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