Cardano’s ADA price has experienced a remarkable surge of 50% in the past week, driven by a weakened US dollar and positive market sentiment. Charles Hoskinson, the founder of Cardano’s Layer-1 protocol, recently addressed critics of the network and emphasized its scalability, comparing its growth to that of Bitcoin. He dismissed concerns about Cardano’s blocks being too full, highlighting the network’s ability to operate under heavy loads and its potential for network and DApp improvement. Hoskinson emphasized that Cardano’s rise is driven by community involvement rather than dependence on influencers or venture capital.
In a tweet from a year ago, Hoskinson expressed his strong opposition to a collaboration between Cardano and XRP, referring to the XRP community as “toxic and petty.” Despite previous overtures from Ripple’s David Schwartz, Hoskinson remained firm in his stance. The animosity between the two sides has been ongoing, with Hoskinson refusing to reconsider his position on XRP.
Hoskinson cites personal attacks, harassment, and an inability to have a constructive conversation from the XRP community as reasons for his opposition to collaboration. He also points out the technological differences and misalignment of goals between XRP and Cardano. While Cardano, Ethereum, Polkadot, and Algorand focus on solving related problems, XRP primarily serves as a platform for Central Bank Digital Currency (CBDC) and interbank settlement.
In other news, Cardano recently announced a significant increase in its Total Value Locked (TVL). The TVL of Cardano surged from $188.65 million on October 17 to $529.42 million on December 15, indicating a 180% gain within a short period. This growth reflects the network’s efforts to attract liquidity and its increasing participation in the decentralized finance (DeFi) ecosystem.
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