Cardano: Justin Bons admits 'maybe I was wrong about Cardano' after saying it is least capable CardanoADA CardanoCommunity ADA $ADA
He further criticized Cardano for its"slow and steady" approach, emphasizing that it lagged behind other projects."If ADA continues to develop at this pace, it will only get even further behind in the future. As the competition is innovating much faster now. It is clear that ADA has gained its prominent position based on the promises of its founder," he wrote.
The recent events, notably the FTX implosion, has in a way vindicated Cardano. The imploded FTX exchange did not have any spot ADA pair listed, being the only major cryptocurrency without a spot listing.Cardano is also often criticized for being a"ghost chain." However, recent reports have indicated 1,151 projects are building on the Cardano blockchain. The number of Plutus scripts has risen by 394% since 2021, while native tokens are now over 7.
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