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

Sun, 03/21/2021 - 11:18
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Alex Dovbnya
Charles Hoskinson has showcased Cardano's whole ecosystem on his map
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.

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:

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.

XRP in the Green While Bitcoin, Ethereum, and Cardano Plunge

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.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at