The founder of the Cardano ecosystem, Charles Hoskinson, called it “trivial” to replicate the Ethereum economic model. About this he told in his video blog.
Some Thoughts on DApps https://t.co/0rHRxdblPP
— Charles Hoskinson (@IOHK_Charles) March 21, 2021
According to Hoskinson, there is nothing valuable and stable in the current Ethereum model for the long term. At the same time, he noted that he does not see much sense in creating smart contracts for importing liquidity from Ethereum.
“Do you know what this is [смарт-контракты под Ethereum] will lead? Commissions of $ 60- $ 100 per transaction. Profitable farming. Useless DeFi. Selling goofy NFTs for hundreds of thousands of dollars, ”Hoskinson said.
Also, the founder of Cardano called the current state of affairs in the decentralized applications (dApp) market “unhealthy”. According to him, most dApps operate off-chain and are centralized.
Cardano on the path of a paradigm shift
According to Hoskinson, over the past year, only 41% of new dApps have been deployed on the Ethereum network. The rest fell on other networks and this trend will continue, he stressed.
“If the goal is speculation, pyramid schemes, no actual benefit and scaling to millions and billions of people, I don’t want to deal with that,” Hoskinson said.
Hoskinson spoke about the development of Cardano a week after Coinbase Pro added the native ADA ecosystem token to its listing.
The listing news pushed the ADA price up over 40% to $ 1.46.
However, over time, the price entered the stage of consolidation and at the time of writing the material, ADA costs $ 1.20.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
