Cardano has been one of the fastest-growing decentralized finance (DeFi) networks in recent weeks and this has shone through in the number of transactions being carried out on a daily basis. As this growth ramps up, founder Charles Hoskison has celebrated the achievements of the network.

Cardano Founder Celebrates Full Blocks

For the longest time, the Cardano network has been referred to as a zombie chain due to it not seeing as many transactions as other networks in the same category. However, as the price of its native token, ADA, has been on the rise, so has the network usage.

Recently, the community has gone from being worried about not enough activity to the blocks being produced on the blockchain being too full. This has been a welcome development for Hoskinson who took to X (formerly Twitter) to express his pleasure at the fact that this is happening.

In the post, Hoskinson alluded to the full Cardano blocks that are being processed which he said brings him glee. He takes a jab at those who used to call Cardano a ghost chain, saying that the network had no use case and no utility. “Suddenly we are too busy?” Hoskinson mocks.

The founder explains that the network was actually developed for situations like these where activity is very high. “Cardano is designed to operate at these loads and there is a huge design space to optimize the network and DApps for more scale both in the short term and long term,” Hoskison said.

Furthermore, the Cardano founder alluded to the fact that the network was growing despite not having any help from venture capitalists (VCs), the media, or any influencers. “Just good old fashion community growth and engagement, just like Bitcoin did,” he said in closing.

ADA price falls to $0.59 | Source: ADAUSD on Tradingview.com

ADA Grows As DeFi Ac
Go to Source to See Full Article
Author: Scott Matherson

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details