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You are here: Home / Cryptocurrency News / Does Cardano Overtly Focus On Theory And Ignore Utility?

Does Cardano Overtly Focus On Theory And Ignore Utility?

By Lipika Deka | Edited By Sahana Kiran,August 1, 2022, 10:58 PM

Does Cardano Overtly Focus On Theory And Ignore Utility?

Cardano [ADA] has gained a reputation for having one of the most educated & strongest communities. But it has also invited criticisms for being “too much talk and not enough action.”

Bill Barhydt, CEO of Abra, infamously called Cardano a “Ph.D. graveyard” in an interview. But recently the CEO had a change of heart and expressed regret over his previous statements about the developer community.

Another criticism was that the asset often gets eclipsed by its bigger rivals- Bitcoin [BTC] and Ethereum [ETH]. However, a Cardano community-focused Twitter account, which goes by the name of ADA Whale weighed in the reason for ADA’s seeming lack of acceptance by the larger crypto community.

He says that “Cardano remains a major crypto culture, aiming to build out its own version of what a crypto should be”.

“Cardano Has The Most Educated & Strongest Community”

According to ADA whale, “The reasons why the blockchain often gets excluded are complex.” He continues that this “exclusion” is in fact making it more stronger and self-sufficient, “Now ADA can do everything others can, has superior stability/security, PoS long before Eth, perhaps most educated & strongest community.”

Not so long ago, Cardano founder, Charles Hoskinson, tweeted, “Sometimes you just have to let people build beautiful things regardless of how long it takes.” Many in the community assumed that Hoskinson was probably referring to the planned network upgrade that got delayed.

The hard fork currently running on a testnet since July 4 has been pushed back by at least “a few more weeks” until testing is complete, developers said.

Cardano’s Vasil Update- What to Expect?

As reported by TronWeekly, Kevin Hammond, IOG’s Technical Manager, hinted that there could be a few more weeks of delay for the Vasil mainnet launch during the Cardano360 event.

SundaeSwap, a Cardano-based DEX, published a blog explaining the significance of the hard fork and how it would increase functionality, performance, scalability, and interoperability through different mechanisms.

The update also includes three specific enhancements to Plutus v1 scripts: the Plutus evaluator speed improvements, updated cost model parameters, and datums and redeemers of other inputs.

In its most recent weekly update, IOG outlined the steps being taken towards the release of a new node v.1.35.3 while updates were carried out on Plutus tools toward Vasil Functionality.

Filed Under: Cryptocurrency News, Altcoin News

About Lipika Deka

Lipika is a crypto-journalist at TWJ. A graduate in economics and finance, she has a keen interest in the political and socio-economic facets of blockchain technology and the cryptocurrency industry.

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