According to U.Today, Cardano founder Charles Hoskinson recently defended the Cardano blockchain against criticism on social media. This response came after an X user referred to Cardano as a 'dirty protocol' amid a crypto market crash on August 5. Hoskinson highlighted the market plunge in a tweet, which prompted the criticism. Another user commented that the current price of ADA was irrelevant and expressed a desire to install Node and other Cardano-related tools on Debian using a package manager. This led to the harsh remark about Cardano being a 'dirty protocol.'
Hoskinson responded by defending the blockchain, stating, 'Cardano is not a dirty protocol. It's an elegant masterpiece of protocol design and implementation.' This reaffirmation of confidence in Cardano's design and implementation underscores Hoskinson's commitment to the blockchain's integrity.
Despite the criticism, the Cardano ecosystem continues to grow. Input Output Global, the builder of Cardano, recently highlighted the ecosystem's growth. As of July 26, 2024, the total value locked on Cardano increased by $8.8 million, with 1,369 projects currently building on the platform. The number of token policies climbed by 10,778, and the number of native tokens issued increased by 80,000. Additionally, Plutus scripts increased by 7,456, reaching a total of 68,734.
The total number of transactions grew by 1.2 million in July. Cardano node v.9.1.0 was released in the past month, bringing crucial features for the upcoming Chang upgrade. Lace v.1.13, offering improvements and changes to the user interface, was also released. Furthermore, Plutus TX was rebranded to Plinth to distinguish between Plutus TX and Plutus Core more effectively.
