Cardano's Usefulness Disputed by Former BitMEX CEO and Cardano Founder
Date: 2024-02-21 Author: Dima Zakharov Categories: IN WORLD
Former BitMEX CEO Criticizes Cardano
Arthur Hayes, the former CEO of BitMEX, stirred the crypto community by criticizing Cardano's native token, ADA, labeling it as "dog shit" due to its low usage in protocols. Hayes questioned the utility of Cardano, highlighting the absence of heavily utilized decentralized applications (dApps) on its network.
Debate Sparks Between Hayes and Hoskinson
Hayes' critique prompted a response from Charles Hoskinson, the founder of Cardano. Hoskinson, known for his spirited defense of Cardano, questioned Hayes' motives, expressing his fondness for him but seeking clarification on his criticism. Despite mutual respect, Hayes stood by his remarks, suggesting investors opt for Ethereum instead.
Cardano Founder's Skepticism
This isn't the first time Hoskinson has faced skepticism. Previously, he expressed doubts about second-layer solutions on the Bitcoin blockchain and accused Ethereum of plagiarizing Cardano's consensus protocol, Ouroboros.
Continued Debate in the Crypto Community
The debate between Hayes and Hoskinson underscores ongoing discussions within the crypto space regarding the viability and utility of different blockchain platforms. As Cardano continues to evolve, its proponents and critics engage in spirited exchanges, shaping the narrative of the cryptocurrency landscape.
