Charles Hoskinson Mocks Cardano (ADA) Skeptics: 'When Will This Epidemic End?'

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Tue, 05/26/2020 - 10:48
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Vladislav Sopov
Cardano (ADA) founder Charles Hoskinson is quick to answer to Crypto Twitter trolls joking about the Shelley Mainnet release
Charles Hoskinson Mocks Cardano (ADA) Skeptics: 'When Will This Epidemic End?'
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The Cardano (ADA) Friends & Family testnet has barely finished its second week, but some commenters are already posting poisonous comments about its roadmap.

60% drop in store for Cardano (ADA)?

The ambassadors of Cardano (ADA) started publishing their video updates in the second week of the F&F Cardano Testnet. Crypto trolls immediately responded with dramatic predictions.

According to their worst estimates, Cardano (ADA) smart contracts won't launch this year and not even by Q1, 2021. In 2020, the development progress of Cardano won't go beyond Haskell testing, they anticipate.

Responding pessimistically to these delays, trolls outlined that such lags may result in both a Cardano (ADA) price collapse and a shift in project management policy:

Be prepared to see Ada price possibly touch the .02 price range as Haskell Shelley gets dragged out, and Goguen pushed into 2021. Will be interesting to see if IOHK's contract gets extended another 3-5 years as these test-nets drag out...

It should be recalled that at press time Cardano (ADA) is trading at $0.053 on major spot exchanges.

Haters gonna hate

Cardano (ADA) leader Charles Hoskinson knows no mercy for such annoying criticism. His only advice to attacks of this type is to reconsider paint chip consumption.

Mr. Hoskinson's position is supported by the vast majority of Cardano (ADA) community members. They noticed that if anyone should be worried about the mainnet release delay, it is Ethereum (ETH) 2.0 devs.

In a recent exclusive interview with U.Today, Mr. Hoskinson admitted that managing expectations is the biggest challenge for Cardano (ADA) progress:

We're building a Ferrari, but there’s market expectation of delivering a Toyota.

However, he is certain that the Cardano (ADA) product is 'the most extensible, meaning that you can add things to it very rapidly and it works well'.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250

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Fri, 01/15/2021 - 18:02
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Vladislav Sopov
Ethereum 2.0 enthusiasts deposited whopping sum in its contract launched six weeks ago
2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250
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While crypto markets are trying to get out of the most painful correction in this bullish cycle, the Ethereum 2.0 deposit contract accomplishes another crucial milestone.

ETH2 deposit contract surpasses $3,000,000,000 level

According to leading Ethereum network observer Etherscan, the Ethereum 2.0 deposit contract (0x00000000219ab540356cBB839Cbe05303d7705Fa) allocated more than 2.5 million Ethers. New 32-ETH stakes are transferred to it every minute.

ETH2 deposit contract breaks above $3B
Image by Etherscan

As the correction of the Ethereum (ETH) price ended, ETH is changing hands at $1,225: the $1,250 level was too difficult for bulls to conquer. Meanwhile, even at press time, it is worth almost $40,000 to join the club of Ethereum 2.0 stakers.

Therefore, the USD-denominated value of assets locked in the contract surpassed $3 billion for the first time ever and keeps surging.

It should be noted that Ethereum 2.0’s deposit contract went live on Dec. 1, 2020, heralding the start of ETH2 Pase Zero or Beacon Chain, the inaugural stage of Ethereum 2.0.

Ethereum 2.0 “entry tickets” become really expensive

At press time, more than 52,267 addresses transferred money to the deposit contract.

Ironically, Black Thursday in Crypto (March 13, 2020) was the most convenient time to join Ethereum 2.0 staking with Ether at $95. Today, Ethereum (ETH) enthusiasts should pay 13 times more to have a minimum amount of Ethers required for staking.

Ethereum 2.0 is a proof of stake (PoS) iteration of the Ethereum (ETH) protocol. It replaces mining by staking and splits the whole Ethereum (ETH) network into several interconnected sub-chains (shards).

According to Staking Rewards analytical dashboard, annualized rewards for ETH staking are estimated between 10.4 and 10.6 percent.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)