ADA Whales Stated “Cardano Aiming To Build Out Its Own Version Of What A Crypto Should Be” While Revealing The Reason Cardano Faces Criticism

The criticism and sidelining that Cardano is facing in the crypto sphere is well-known as some even call the coin a ghost. Recently reported as the IOG CEO gave a concise reply to the Bitcoin maximalists due to tagging the coin a “security”.

With all the above-mentioned, the ADA whales were not moved but rather revealed why Cardano was not accepted like Ethereum and Bitcoin by most platforms like Gemini and Robinhood.

The whales stated, “Cardano remains a major crypto culture, aiming to build out its version of what a crypto should be”.

The whales added, that the reasons for the exclusion of ADA are complex but nevertheless it only strengthens the coin more.

Read Also: Shiba Inu Burn Rate Spikes 130% Over The Past 24 Hours Following The Release Of The Crypto Card

Read Also: Mirana Venture Address, A Three Arrow Capital Victim Is Dissected By Narsen, A Blockchain Analytic Firm

“He continues that this “exclusion” is making Cardano stronger and self-sufficient, “Now Cardano can do everything others can, has superior stability/security, PoS long before Eth, perhaps most educated & strongest community.”

At the moment, there are 1,045 projects on Cardano, while 93 projects have lately been launched on Cardon. The number of NFT projects is at 6,304, while Cardano native tokens stand at 5.6 million. Plutus scripts are now at 2,981. Compare to Bitcoin and Ethereum which have an unlimited supply, Cardano has a limited supply of 45 billion of which there are 33.93 billion in circulation and so far, a total of 34.51 billion has been created.

Hard Fork Is Postponed For Further Testing

The long-awaited Vasil hard fork which has been postponed a couple of times due the important reasons which cannot be handled lightly has once more been postponed. The Hard fork that was slated for the end of July 2022 has been postponed without specifying how many weeks will be needed for further testing as stated by the developers.

  • 1373 Posts
Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you're a seasoned investor or just starting out, Cryptolifedigital's analysis offers valuable insights into the world of cryptocurrency.