NEW!Incredible offer for our exclusive subscribers! Read More

There’s Enormous Amount of Commercial Interest, Traction, Community Effort with Cardano Now: Charles Hoskinson

2 Mins read

Ads Ads


In one of his regular video with updates regarding the launch of the “Alonzo rainbow”, the founder and CEO of Input Output Hong Kong (the company behind the creation of the Cardano platform) Charles Hoskinson has shared the positive results of the Alonzo Blue launch last month.

He has shared details of rolling out next stages of Alonzo and summarized the highly positive state that the Cardano ecosystem is experiencing at the current stage of work and existence.

In particular, Hoskinson noted that there’s an enormous amount of commercial interest, traction and community effort with Cardano at the moment.

“Tripling of Cardano population and a lot of value accumulation”

Hoskinson found it amusing that the crypto media made an issue of his recent tweet that in a year, by the end of July 2022, there are going to be a lot of native assets and dapps on Cardano.

However, these expectations are realistic, he believes. The ecosystem is quite healthy and viable, as per him. Cardano has a humongous population is every social media channel from Reddit to Telegram.

It has seen a tripling in the population size of the Cardano ecosystem since last year and a lot of value accumulation as well.

Also, Cardano’s ADA has been added to the Grayscale fund as the third largest holding with a lot of institutional interest, Charles reminded.

Hoskinson also reminded the audience that since Mary upgrade was launched earlier this year, thousands of NFTs have been issued and sold on Cardano. Now there are already a lot of plans to launch native tokens, such as SingularityNET, and a lot of DeFi applications.

By every measurable KPI, Hoskinson added, the growth of the last year has been remarkable.

Smart contracts are nearly here – it’s a long process, because Cardano is so large, is listed on a large number of platforms, so it will take time, he emphasized.

Large increase in activity expected in the next 90 days

Hoskinson also said that Alonzo White was initially planned for Monday this week but it has to be postponed until Monday next week due to certain bugs that were revealed during trials. They will be fixed over the weekend.

He mentioned that he expects several hundred people to join the Alonzo White network. The next upgrade, Alonzo Purple, will be broken into two stages.

All things considered, the progress is exactly where it needs to be. Alonzo is coming.

Overall, in the next ninety days, the amount of activity on Cardano is expected to grow tremendously.

Hoskinson responds to Cardano critics

The IOHK CEO believes that those who levy criticism at this point at Cardano are either misinformed or malicious.

He stated that Cardano remains one of the fastest-growing, most stable, most mature and systematic of cryptocurrency projects, as well as it remains one of the top-mentioned in every social metric in the crypto industry.

You can see every week progress being made, every week development being done, and people talking about it on Reddit, Twitter and Telegram, often with their own projects.

Related posts
AltcoinsBTCBusinessCryptoETHMiningNewsOtherStock collaborates with to offer Crypto services for its users

1 Mins read has collaborated with to give crypto gamblers with a top-tier exchange where they can deposit, sell, and even convert Crypto…
AltcoinsBTCBusinessCryptoETHOther staking platform with the best percentages or is it a temporary phenomenon?

1 Mins read
As it became known, tradex-wallet announced the announcement of a new staking program, rewards and large payouts for staking, the platform raffles…

Cryptwex & 15 More Crypto Exchanges Face Ire of South

2 Mins read
Sixteen international crypto exchanges. Including and the Mexican heavyweight MEXC. Have landed in hot water with financial regulators. For failing to comply with local guidelines….
Power your team with InHype

Add some text to explain benefits of subscripton on your services.

Leave a Reply

Your email address will not be published. Required fields are marked *