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Charles Hoskinson Debunks "Ghost Chain" FUD with Cardano Ecosystem Map

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Sun, 21/03/2021 - 11:18
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Charles Hoskinson Debunks "Ghost Chain" FUD with Cardano Ecosystem Map
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In an attempt to shut down his critics, IOHK CEO Charles Hoskinson published the map of the Cardano ecosystem.

It includes all enterprise and businesses, developer tools, wallets, infrastructure providers, exchange as well as research centers.

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Image by @IOHK_Charles

The most notable application powered by Cardano is e-commerce platform Bondly. Other DeFi names associated with Cardano are Zurich-based GenTwo AG and cryptocurrency liquidity provider Algoz.  

Governments partnering with Cardano

In spite of its massive market capitalization, Cardano often attracts criticism for essentially being a ghost chain due to a lack of any notable applications running on top of it.

Yet, Hoskinon’s map shows that Cardano has already partnered with countries such as Georgia, Mongolia, and Ethiopia.

As reported by U.Today, Hoskinson recently mentioned that new deals in Africa could bring millions of users to the Cardano ecosystem.

Last February, IOHK also donated $500,000 worth of ADA to the University of Wyoming. Hoskinson denied that the donation was simply made to add another partner to its list:

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We set up a research lab and people actually write papers and do protocol development there. Maybe you should actually read the article before commenting.

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Over 1,000 assets on Cardano

Cardano rolled out the Mary hard fork on March 1, thus allowing the creation of native tokens. Presently, 1,164 tokens have been issued on the blockchain.

However, Cardano is yet to enable any smart contract functionality to host different decentralized applications and actually compete with Ethereum.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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