Cardano Founder Explains Why Cardano Is “Number 1” Project?
Cardano founder Charles Hoskinson recently made it clear via social media that he believes Cardano’s blockchain, being based on proof-of-stake, is still “number 1.”
Hoskinson explained that Cardano has a significant advantage in decentralized governance over other blockchain projects.
In addition, he warned and informed about upcoming updates to the Cardano map that will further differentiate the Cardano network from its competitors.
The latest post comes after Hoskinson highlighted some of the upgrades to Cardano earlier this week.
These updates include Ouroboros, Cardano’s consensus mechanism, a self-healing network pool, native asset standards, Hydra, Mithril, and other developments and updates.
Earlier, Cardano successfully launched the Chang upgrade, which began implementing decentralized governance.
However, despite some of its technical achievements, the price of the ADA cryptocurrency struggled to stay in the top ten on CoinGecko, and was later ceded to some other projects.
ADA currently ranks 12th with a value of around $12.5 billion.
