Charles Hoskinson, the creator of Cardano, recently made fun of the “misinformation” that was pervasive in Reddit threads about Cardano’s computing layer (CL) and settlement layer (SL).
According to Charles Hoskinson, sidechains are the actualization of Cardano’s envisioned CL. He urged those who were spreading this false information to “start eating paint chips again.”
Charles Hoskinson went against the Reddit users
Awhodothey, a Reddit user who criticized a recent Cardano report created by blockchain company Messari, was probably the target of Hoskinson’s rage.
Awhodothey recently provided a very thorough debunking of a quote from the report. According to the report, “Cardano split the functions of computation and settlement into separate layers and developed Ouroboros Classic as its first PoS consensus mechanism.”
In response, Awhodothey stated that although Hoskinson had stated they would develop a separate computational layer, this never actually transpired.
Awhodothey also emphasized that none of the Cardano smart contract creators have yet succeeded in creating a decentralized smart contract with their own off-chain consensus mechanisms. “All they have so far is centralized apps or very simple decentralized txs,” the user writes as a conclusion to his comment.
Despite Cardano’s (ADA) poor performance in comparison to its price in 2022, the smart contract platform saw a number of improvements. Vasil was introduced at Cardano in September to increase the cryptocurrency’s scalability.
This is because more non-fungible token (NFTs) projects appeared on the cryptocurrency market after the introduction of smart contracts, decentralized applications, and NFTs.
Scalability is therefore required for developments to be capable of standing out and for the altcoin to be a strong rival for ETH in order to prevent Cardano from making the same mistakes as blockchains from earlier generations.
Mike Alfred, a value investor, and wealth manager, recently responded to a tweet from a user going by the handle “ADA whale” on Twitter with his opinion on when the dramatic price decline of Cardano’s ADA and other cryptocurrencies in the market is likely to end.
The price movement of cryptocurrencies in the current bear market, according to user ADA Whale, was bizarre. He acknowledged that “inorganic and nefarious activities by certain exchanges” had a significant impact on this, clearly alluding to FTX’s demise at the beginning of November.