{"id":566029,"date":"2023-12-20T00:00:30","date_gmt":"2023-12-20T00:00:30","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=566029"},"modified":"2023-12-19T17:24:53","modified_gmt":"2023-12-19T17:24:53","slug":"cardano-growing-organically-like-bitcoinada-boom","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/cardano\/cardano-growing-organically-like-bitcoinada-boom\/","title":{"rendered":"Cardano Founder: We Are Growing Organically Like Bitcoin, Will ADA Prices Boom?"},"content":{"rendered":"

Taking to X on December 18, Charles Hoskinson, the founder of Cardano,\u00a0<\/span>celebrated<\/span><\/a>\u00a0the network’s recent growth, noting that it’s mirroring the organic development of Bitcoin (BTC). While some have expressed concerns about network congestion, Hoskinson affirmed that Cardano is designed to handle such loads and has ample room for future scalability.<\/span><\/p>\n

Demand Increasing, Cardano Moving Away From “Ghost Chain” Status<\/span><\/h2>\n

In a post garnering significant attention on X, the founder said he has been watching with ” glee as some people worry about Cardano’s blocks filling up.” The founder reminded the community that it was only a few months earlier that the network had been slammed for being a “ghost chain” with no utility.\u00a0<\/span><\/p>\n

However, as the network “gets busy” and blocks fill up, Hoskinson assured the community that the platform is designed to handle rising demand with more room to grow in the future. While Cardano aims to compete with Ethereum as a smart contract platform of choice, its development is anchored on peer research, and progress has been systematic.<\/span><\/p>\n

Related Reading: Crypto Analyst Predicts XRP 1,500% Move Against Bitcoin, What Are The Terms?<\/a><\/div>\n

Looking at block explorer\u00a0<\/span>data<\/span><\/a> from Cexplorer, the average block saturation of Cardano stands at 56.98% as of December 18. This figure is higher than the monthly average of 44.5%. However, what’s clear is that block size has been gradually rising over the past two years. As of early 2021, the average block usage, measuring capacity, was 64kb.\u00a0<\/span><\/p>\n

\"Cardano
Cardano network capacity | Source: Cexplorer<\/figcaption><\/figure>\n

This figure now stands at 88kb, signaling growth and more adoption from app developers. However, it should be noted that the maximum capacity in Cardano is an adjustable parameter. Accordingly, it can be changed in light of transactional demand.<\/span><\/p>\n

Cardano Refinements: Will ADA Prices Boom Like Bitcoin?<\/span><\/h2>\n

Cardano is in the Basho stage<\/a> after graduating from Goguen when the network activated smart contracts. With more dapps launching, the platform is optimizing to enhance performance and boost scalability. Scalability is a big concern in blockchains since it can directly determine how fast transactions are processed, a factor that also plays a big role in determining fees. Even so, unlike Ethereum, fees are stable in Cardano, regardless of network load.<\/span><\/p>\n

Related Reading: Santiment Breaks Down \u201cMost Trending\u201d Altcoins Of Past Week<\/a><\/div>\n

Hoskinson also highlighted Cardano’s organic growth in the post on X, attributing its success to the community’s involvement and engagement. The founder emphasized that venture capitalists, the crypto media, or influencers are not driving the platform, just like how Bitcoin grows.\u00a0<\/span><\/p>\n

\"Cardano<\/a>
Cardano price trending higher on the daily chart | Source: ADAUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n

This comparison could aim salvo at other smart contract competitors, including Solana. The FTX estate controlled a significant portion of SOL’s circulating supply. The defunct exchange will gradually sell SOL to repay creditors. Even so, whether ADA will follow the same trajectory as BTC in the long run remains to be seen.<\/span><\/p>\n

Feature image from Canva, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"

Taking to X on December 18, Charles Hoskinson, the founder of Cardano,\u00a0celebrated\u00a0the network’s recent growth, noting that it’s mirroring the organic development of Bitcoin (BTC). While some have expressed concerns about network congestion, Hoskinson affirmed that Cardano is designed to handle such loads and has ample room for future scalability. Demand Increasing, Cardano Moving Away From “Ghost Chain” Status In a post garnering significant attention on X, the founder said he has been watching with ” glee as some people worry about Cardano’s blocks filling up.” The founder reminded the community that it was only a few months earlier that the network had been slammed for being a “ghost chain” with no utility.\u00a0 However, as the network “gets busy” and blocks fill up, Hoskinson assured the community that the platform is designed to handle rising demand with more room to grow in the future. While Cardano aims to compete with Ethereum as a smart contract platform of choice, its development is anchored on peer research, and progress has been systematic. Related Reading: Crypto Analyst Predicts XRP 1,500% Move Against Bitcoin, What Are The Terms? Looking at block explorer\u00a0data from Cexplorer, the average block saturation of Cardano stands at 56.98% as of December 18. This figure is higher than the monthly average of 44.5%. However, what’s clear is that block size has been gradually rising over the past two years. As of early 2021, the average block usage, measuring capacity, was 64kb.\u00a0 This figure now stands at 88kb, signaling growth and more adoption from app developers. However, it should be noted that the maximum capacity in Cardano is an adjustable parameter. Accordingly, it can be changed in light of transactional demand. Cardano Refinements: Will ADA Prices Boom Like Bitcoin? Cardano is in the Basho stage after graduating from Goguen when the network activated smart contracts. With more dapps launching, the platform is optimizing to enhance performance and boost scalability. Scalability is a big concern in blockchains since it can directly determine how fast transactions are processed, a factor that also plays a big role in determining fees. Even so, unlike Ethereum, fees are stable in Cardano, regardless of network load. Related Reading: Santiment Breaks Down \u201cMost Trending\u201d Altcoins Of Past Week Hoskinson also highlighted Cardano’s organic growth in the post on X, attributing its success to the community’s involvement and engagement. The founder emphasized that venture capitalists, the crypto media, or influencers are not driving the platform, just like how Bitcoin grows.\u00a0 This comparison could aim salvo at other smart contract competitors, including Solana. The FTX estate controlled a significant portion of SOL’s circulating supply. The defunct exchange will gradually sell SOL to repay creditors. Even so, whether ADA will follow the same trajectory as BTC in the long run remains to be seen. Feature image from Canva, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":566031,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[12333,79508,12332,12329,1286,83626],"class_list":["post-566029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-adausdt","tag-cardano","tag-cardano-price","tag-charles-hoskinson","tag-solana"],"acf":[],"yoast_head":"\nCardano Founder: We Are Growing Organically Like Bitcoin, Will ADA Prices Boom?<\/title>\n<meta name=\"description\" content=\"Cardano is growing organically like Bitcoin in the eyes of Charles Hoskinson, the founder. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.","sameAs":["https:\/\/www.linkedin.com\/in\/dalmas-ngetich-40a67a147\/","https:\/\/x.com\/Dalmas_Ngetich"],"url":"https:\/\/shenyangcang.com\/author\/dalmasngetich\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cardano Founder: We Are Growing Organically Like Bitcoin, Will ADA Prices Boom?","url":"http:\/\/shenyangcang.com\/news\/cardano\/cardano-growing-organically-like-bitcoinada-boom\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/shenyangcang.com\/news\/cardano\/cardano-growing-organically-like-bitcoinada-boom\/"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Crypto-news-Template8.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Crypto-news-Template8.jpg?fit=1380%2C780"},"articleSection":"Cardano","author":[{"@type":"Person","name":"Dalmas Ngetich"}],"creator":["Dalmas Ngetich"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","adausdt","cardano","cardano price","charles hoskinson","solana"],"dateCreated":"2023-12-20T00:00:30Z","datePublished":"2023-12-20T00:00:30Z","dateModified":"2023-12-20T00:00:30Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano Founder: We Are Growing Organically Like Bitcoin, Will ADA Prices Boom?\",\"url\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/cardano\\\/cardano-growing-organically-like-bitcoinada-boom\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/cardano\\\/cardano-growing-organically-like-bitcoinada-boom\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Crypto-news-Template8.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Crypto-news-Template8.jpg?fit=1380%2C780\"},\"articleSection\":\"Cardano\",\"author\":[{\"@type\":\"Person\",\"name\":\"Dalmas Ngetich\"}],\"creator\":[\"Dalmas Ngetich\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"adausdt\",\"cardano\",\"cardano price\",\"charles hoskinson\",\"solana\"],\"dateCreated\":\"2023-12-20T00:00:30Z\",\"datePublished\":\"2023-12-20T00:00:30Z\",\"dateModified\":\"2023-12-20T00:00:30Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/12\/Crypto-news-Template8.jpg?fit=1380%2C780","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/566029"}],"collection":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/users\/384"}],"replies":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/comments?post=566029"}],"version-history":[{"count":0,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/566029\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media\/566031"}],"wp:attachment":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media?parent=566029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/categories?post=566029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/tags?post=566029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}