Cardano Founder Hoskinson Says Cardano is Still Number One

Charles Hoskinson, the founder of Cardano, has praised Cardano’s push for decentralization, arguing that the network is still number one.

Often vocal on Crypto Twitter, Hoskinson is one of the most enthusiastic founders in the industry. His drive for community engagement and constant promotion of the Cardano network has won him friends and enemies alike.

In a tweet on Friday, Hoskinson lauded Cardano, suggesting that the chain was still the best in the industry. He stated that the Cardano ecosystem is leading even though the chain is far from thoroughly implementing its fully decentralized governance and other upgrades in its “amazing roadmap.”

Fully Decentralized Cardano Network

A September 1 Chang upgrade saw the Voltaire era go live on the Cardano network. The era ushered in the bootstrap phase, where key governance pillars like the decentralized representatives (Dreps), the constitutional committee (CC), and the stake pool operators (SPOs) were formed.

Since then, the network has progressed in its fully decentralized governance system. On October 1, the chain announced that the Midnight testnet had gone live on the Cardano blockchain.

The Midnight sidechain provides programmable data protection, with Hoskison earlier teasing that it has Ethereum’s programmability and Zcash’s privacy. The IOG founder noted that it was one of the many milestones on Cardano’s roadmap.

Community Reacts to Hoskinson’s Number One Claims

Hoskinson’s assertion sparked yet another heated reaction from the crypto community. Notably, the Cardano founder was part of an X debate earlier in the week when a crypto maxi dragged him and Ethereum co-founder Vitalik Buterin.

This time, Cardano proponents agreed with his affirmation, with a user noting that he has never doubted it for a second. The comment further stated the vision had been clear from the start of the project.

Conversely, several users disagreed with Hoskinson, arguing that Cardano’s alleged progress doesn’t reflect on its price. A user asked if ADA would ever get to $1 again, mocking the coin’s recent underwhelming performance.

Notably, analyst Atlas named Cardano among altcoins that will never grow again in an argument. At the time of writing, ADA traded at $0.3525, up less than 1% in the past 24 hours.