#CardanoDebate
#Cardano Founder Charles Hoskinson Defends ADA As Sound Money
Hoskinson describes Cardano as the biggest threat to Bitcoin dominance.
Assessing Cardano’s key network performance metrics.
ADA price action recap.
As analyst contemplate the fate of Cardano considering its relative underperformance, its founder Charles Hoskinson just made a bold statement may attract attention to the network and its native coin.
While addressing the network’s community, Hoskinson stated that Cardano was the biggest threat to Bitcoin. A bold statement which he backed by highlighting a few things.
Among them includes solving the Nakamoto consensus, which allowed Cardano to be on par with Bitcoin in terms of transaction validity.
This was despite Cardano being a proof of stake network, allowing it to enjoy the benefits of both worlds.
In addition, Hoskinson believes that Cardano currently has a superior network model compared to Bitcoin and other rival networks. Especially in terms of on-chain governance and programmability.
The Cardano founder believes that those winning factors may provide a competitive edge and allow Carano to outpace the competition in the long term.
However, short term growth may not necessarily reflect those sentiments especially in terms of key network performance metrics.
