Cardano: Just a super fancy scam?


Investing.com – Founder Charles Hoskinson has once again taken the opportunity to talk about the bright future prospects for his blockchain. From his point of view, there is urgency, because the media pays far too little attention to his project, as he said:

“If you follow the crypto media and listen to the critics of Cardano, you get the impression that Cardano doesn’t exist. It’s all just a super fancy scam and nothing has been done yet. developed nor accomplished”.

At the same time, he announced that hundreds of developers are working tirelessly so that the Vasil hard-fork can take place in June.

This one should bring a “massive performance boost”, as in addition to pipelining, new Plutus, UTXO On-Disk Storage and Hydra CIPs will be delivered, as Hoskinson explained:

“As many of you know, a big, big, big, big hard-fork combination event will be taking place in June. This is the Vasil hard-fork, and this one will include pipelining [l’un des piliers sur lesquels repose la mise à l’échelle de Cardano]which means a massive performance boost for Cardano.”

“Combined with parameter adjustments, these features will increase Cardano’s throughput and optimize the system to cope with the growing number of decentralized financial applications (DeFi), smart contracts and DEXs.”

Cardano Technical Course Marks

Cardano failed to hold above the psychologically important $1.00 threshold. This level now offers, along with the 50 percent Fibo retracement of $0.9958, significant resistance.

Only a sustained rise above this level would initiate a recovery towards the 38.2% Fibo retracement at $1.0544.

Meanwhile, the 61.8 and 78.6% Fibo retracements at $0.9372 and $0.8540 offer support.

By Marco Oehrl



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