Cardano Founder Charles Hoskinson Busts ‘Ghost Chain’ Myth

Rumors of Cardano being a ‘ghost chain’ has stirred drama within the community.

Charles Hoskinson being a DEFI ghostbuster.
Created by Kornelija Poderskytė from DailyCoin
  • Rumors of Cardano being a ‘ghost chain’ has stirred drama within the Cardano community. 
  • The Cardano community swiftly addressed the rumors.
  • Cardano Founder Charles Hoskinson also took a jab at the speculators.  

The broader crypto community recently accused Cardano of being a ‘ghost chain,’ stirring frustration and concern among ADA holders. 

However, the Cardano community, led by founder Charles Hoskinson, banded together to debunk these unfounded claims. They ended the haunting speculations with determination and an arsenal of evidence, highlighting Cardano’s strength and contributions to the blockchain space. 

Cardano Community Exorcises Rumors

After growing increasingly frustrated over the accusations, TapTools, a leading Cardano wallet provider, stepped up to challenge the ‘ghost chain’ rumors with compelling evidence. 

Emphasizing the Proof-of-Stake network’s titanic feat of processing over 72 million transactions, each representing a unique interaction, TapTools showcased the thriving activity on Cardano. The wallet provider highlighted the ecosystem’s strength by pointing out Cardano’s 8.6 million native assets and impressive Total Value Locked (TVL), which has surged by over 300% this year to $190 million, showcasing the community’s confidence and engagement.

Adding to TapTools’ comments, other Cardano platforms and influencers also chimed in, with some highlighting the network’s unparalleled six-year uptime and others pointing out its rapidly growing active user base.

With over 4.2 million ADA wallets in existence and 22.6 billion ADA staked, these statistics decisively put Cardano’s‘ ghost chain’ myths to rest. In a final playful jab at the speculators, Charles Hoskinson humorously remarked, ‘Ghost chain gonna ghost,’ having the last laugh in the debate. 

On the Flipside

Why This Matters

Cardano has shown remarkable growth this year regarding developments, and the data is there to back it. The Cardano Community provided a swift and fitting response to the speculations with irrefutable facts, exhibiting their strength and unity. 

Catch uHoskinson’ss Hoskinson’s last controversy: 

Charles Hoskinson Extends Opportunity to Algorand, Proposes Sidechain Collaboration

Read more on Cardano: 

Cardano Bulls’ Defense Falters as ADA Fumbles the $0.3 Mark 

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Insha Zia

Insha Zia is a senior journalist at DailyCoin covering crypto developments, especially in the Cardano ecosystem. With a Bachelor of Science in Computer Systems Engineering, he delivers high-quality articles with his technical background and expertise in data analysis and programming languages, aiming to educate and inform readers accurately, transparently, and engagingly. Insha believes education can drive mass adoption of the crypto space, and he is committed to giving DailyCoin readers a better understanding of the technology.