Cardano creator Charles Hoskinson took to Twitter to criticize critics who claimed his July 2020 forecast did not materialize. At the time, Hoskinson predicted that there would be hundreds of assets in Cardano, thousands of DApps, and a number of exciting projects on the network within a year.
While the Cardano bulls have been rubbing their hands in anticipation, some critics claim that none of this has happened so far.
"You haven't been paying attention"
Cardano is currently in a game-changing transition phase in the evolution of the network with the Alonzo hard fork that launched in May. With this fork, the network will be able to implement smart contracts that could lay the foundation for wider network adoption and significant price appreciation for ADA, the native cryptocurrency of the Cardano blockchain.
However, skeptics believe that Cardano has not kept its promises. A Twitter user drew attention to Hoskinson's tweet a year ago, adding that there are no assets on Cardano. In response, Hoskinson noted that if you don't realize that there are “thousands” of assets currently running on Cardano, then you haven't been paying much attention.
In particular, Hoskinson is not wrong when he says that there are thousands of active assets on the Cardano network. The blockchain added native assets following the successful implementation of Mary's hard fork in March. But the real question is, how many of these assets can be considered assets?
Is Cardano still a ghost chain?
Cardano, which promotes itself as the first third-generation cryptocurrency, has more than 6,800 assets running. Unfortunately, only two of these assets manage to process at least 10,000 transactions per month and most of the assets in the chain remain idle.
Although Cardano has often received criticism from people calling it a "ghost chain," Hoskinson has sustained They are ignoring the noise and only focusing on real developments.
With a market capitalization of approximately $ 44 billion, Cardano is one of the most valuable decentralized networks in the world. The Proof-of-Stake (PoS) network will fully adopt smart contract functionality by the end of August, a fundamental requirement for creating DApps.