Cardano founder dismisses concerns over ADA’s recent performance.

• Charles Hoskinson claims that Cardano is the number one blockchain.
• Once Leios debuts, Cardano will be faster than any other blockchain, Hoskinson said.
• Hoskinson also talked about the “amazing items” in the new roadmap of the project.

Cardano founder Charles Hoskinson declared Cardano the leading blockchain in the crypto space, despite ADA’s relatively weak performance in the past year.

The statement made on X (formerly Twitter), generated discussion about Cardano’s technology and the upcoming roadmap reveal at the Cardano Summit in Buenos Aires.

Hoskinson Highlights Cardano’s Technology

Hoskinson’s claim stemmed from his confidence in Cardano’s technology, particularly, Leios, an update that will increase Cardano’s transaction throughput and potentially surpass Solana (SOL) in scalability.

Hoskinson argued that after the Leios upgrade, no blockchain can be faster than Cardano “without sharding the system and sacrificing decentralization and security.” Vini Barbosa, an editor at Finbold, challenged Hoskinson’s claim, citing MultiversX (EGLD) as an example.

Barbosa pointed out that MultiversX is one of the most secure and decentralized blockchains with a fully implemented sharded system that maintains and even improves decentralization and security. Hoskinson replied: 

“No sharding forces the network to operate in an asynchronous mode. Even if you put it back together using a centralized serializer, you lose the security at the edges.”

ADA’s Underwhelming Performance

According to the data from CoinMarketCap, ADA is up 4.52% in the past 24 hours and is trading at $0.3655 at the time of publication. It is down 6.17% in the past seven days but up 13.69% in the past 30 days.

Read also : Cardano Founder: ADA Is Still a Top Crypto Despite Volatility

ADA’s market capitalization is $12.75 billion, making it the 11th-largest digital asset. Its trading volume surged 30.33% to $181 million. While ADA shows positive short-term performance, it has underperformed over the past year.

ADA is up just 38.39% since October 2023 while on the other hand, Solana (SOL) is up a massive 527.93% in the same duration. ADA is trading 88.21% lower than its all-time high while SOL is just 42.3% shy from its all-time high.