Charles Hoskinson, the creator of Cardano, has once again taken a jab at Solana, praising the Sui network as a more promising alternative.
While he appreciates Sui’s advancements, he firmly believes Cardano is still the leading blockchain in the industry, citing its governance and future initiatives.
In a recent post, Hoskinson stated that Sui represents what Solana could have been, suggesting it surpasses Solana, which is known as a top-tier layer-1 blockchain. His comments were prompted by his admiration for Sui’s development, particularly the work of George Danezis, an original contributor.
This isn’t the first time Hoskinson has criticized Solana; earlier this year, he noted its lack of true value despite its vibrant ecosystem. He even humorously remarked on Solana’s outages and previously pointed out the network’s focus on marketing over substance.
His latest remarks follow Edward Snowden’s assertions that Solana is centralized, which could threaten projects on the platform if regulatory scrutiny arises.
Despite his praise for Sui, Hoskinson is resolute in declaring Cardano as the premier blockchain. He emphasized its decentralized governance and robust roadmap, asserting that Cardano is “still number 1” and that its strategic approach is superior. The recent Chang Hard Fork introduced the Voltaire era, focusing on governance, which Hoskinson believes will solidify Cardano’s leadership in the coming years.
Although Cardano is advancing with innovations like the Midnight protocol testnet for enhanced privacy, its native token, ADA, has faced challenges this year, showing a notable YTD decline.
The U.S. Securities and Exchange Commission (SEC) has officially approved the conversion of the Grayscale Digital Large Cap Fund into an exchange-traded fund (ETF), finalizing its transition from an over-the-counter product into a fully regulated ETF structure.
The recent launch of the TOKEN6900 (T6900) meme coin presale is a refreshing sight in a market oversaturated with presales focused on providing utility. Token6900 returns to the roots of meme coins, offering no utility. This is precisely what makes it appealing to those seeking a high-risk, high-reward asset to stockpile. Marketed as the world’s […]
XRP trading volumes have doubled in the past 24 hours. Although the price action has not reacted as expected yet, something could be brewing as bulls could be accumulating tokens at these low prices in anticipation of the token’s next leg up. Yesterday, the market reacted quite positively to the approval of the first Solana […]
With the U.S. Securities and Exchange Commission (SEC) already greenlighting spot Bitcoin and Ethereum ETFs, attention is now turning to the next wave of crypto-backed exchange-traded funds.