Does Cardano mainly focus on Theory rather than practicality?

• Cardano is facing criticism for focusing on Theory rather than practicality
• Cardano is a “Ph.D. graveyard”- Bill Barhydt, CEO of Abra

Apart from Cardano [ADA] has received respect as it is one of the most talented and strongest communities with much education, it is also facing critics as they are criticizing the company for talking much as compared to taking any action. 

The chief executive officer of Abra, Bill Barhydt, gave an interview in which he disgracefully referred to the company as a “Ph.D. graveyard.” But after some time, the officer showed regret over what he referred to the company as. 

Another reason for criticism was that the assets were getting covered by the company’s bigger competitors, such as Bitcoin and Ethereum. But a Twitter account that is Cardano community-centered, ADA Whale, commented on the company’s main reason for showing a lack of approval by the bigger crypto community.

The account commented: “the company holds a major crypto values with a target of expanding its own style of crypto type.” 

Cardano belongs to the “most educated and strongest community.”

ADA Whale also explained that the reason for blockchain being repeatedly excluded is very complex, and the exclusion is the key which is making it even stronger and independent gradually. Now, the company has fantastic stability and security, the strongest and the most educated community, and it does every single thing that any other company can do.

Recently, Charles Hoskinson, co-founder of Cardano, said that “sometimes just let people make attractive and beautiful things without thinking of the time it is going to take.” With this statement of Hoskinson, many people from the society thought that he was talking about his network upgrade, which was planned uncertainly it got delayed.

The developers mentioned, “The hard fork on a testnet which is being continuously done from July 4 has been postponed by a few more weeks till testing is finished.

Company’s major updates

SundaeSwap, a decentralized trading protocol at Cardano, explained in a blog about the importance of the hard fork and the methods of enhancing performance, efficacity, and comparability by various operations.

The update comes up with three specified improvements to Plutus v1 scripts: speed enhancement, upgraded cost model framework, and datums and redeemers of other inputs.

Recently, IOG highlighted the steps which are being taken for launching a new node v.1.35.3. At the same time, Plutus tools are being upgraded for Vasil scalability. 

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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