Hoskinson Points Out That Network Activity for Cardano Is Second Only to Bitcoin
On Sunday (May 29), Charles Hoskinson, Co-Founder, and CEO of Input-Output Global (“IOG”), the company responsible for Cardano’s research and development, took a closer look at 24-hour transaction volumes across major blockchains.
Hoskinson sent out that seemed to reveal that – based on data by Messari — 24-hour transaction volume for Cardano was $9.57 billion, which means that it was second only to that of Bitcoin and higher than that of Ethereum.
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At the Writer’s time (i.e. 8:52 a.m. UTC on May 30), the 24-hour transaction volumes for Bitcoin, Cardano, and Ethereum are $10.32 billion, $9.24 billion, and $2.52 billion.
This must have been a nice moment for Charles Hoskinson, who must be very tired of some Cardano Critics who have at many times unkindly and incorrectly called it a “ghost chain”. The following tweet is just one of the latest examples of such attacks:
One of Cardano’s harshest critics is Mike Alfred, who is a Founding board member and first seed investor at Eaglebrook Advisors, which is a tech-driven investment manager specializing in bitcoin and digital assets, who seems to enjoy trolling the Cardano community and who has repeatedly said that the Cardano network has virtually no traffic. Here are a couple of examples:
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