Amid the many upgrades, product launches, and community service, Charles Hoskinson has acknowledged a major Cardano growth
Charles Hoskinson, the founder of Cardano (ADA), recently replied to a comment from TapTools, a respected analysis platform in the Cardano community.
TapTools praised Input Output Hong Kong (IOHK), the company behind Cardano’s development, for consistently meeting its commitments to the community. In a post, TapTools highlighted IOHK’s steadfast commitment to advancing the Cardano blockchain.
Cardano’s Growth is Not Ending Anytime Soon
Hoskinson, active in the Cardano community, appreciated the comment and replied in his usual manner.
He shared a 41-minute clip from a video game to acknowledge the praise. Along with the video, Hoskinson thanked TapTools for their kind words and highlighted IOHK’s commitment to serving the community.
https://t.co/avzP6quCLF pic.twitter.com/AsWdZJuT3I
— Charles Hoskinson (@IOHK_Charles) December 9, 2024
Notably, TapTools recognized Cardano at a time when it became one of the leading blockchain networks in different metrics.
IOHK has made important progress, including adding smart contracts with the Alonzo upgrade.
They are also improving scalability and interoperability through projects like Hydra and Mithril. Furthermore, IOHK’s focus on research-based development makes Cardano different from other cryptocurrencies.
As blockchain technology keeps developing, IOHK continues to fulfill its promises, strengthening Cardano’s role as a leader in the industry. With a strong foundation and an active community, Cardano is set for future growth and is focused on creating a more decentralized and fair world.
Key Highlights of the Blockchain
Recall that Input-Output Global celebrated the seventh anniversary of the Layer 1 blockchain in September. Accompanying the post was a short video highlighting key milestones achieved by the protocol since its inception. Launched in 2017, Cardano is a Layer-1 smart contract network that relies on its dedicated Proof-of-Stake (PoS) consensus mechanism.
Since its launch, Cardano has processed over 95 million transactions, indicating rapid usage expansion. Other notable achievements noted by IOG include the publication of 226 research papers and 1,373 projects expanding the blockchain. Additionally, Cardano has backed 12 rounds of catalyst funding, supporting over 1,800 funded ideas.
The network’s developer community has built hundreds of Decentralized applications (dApps) that leverage the blockchain’s capabilities and onboard thousands of users. Cardano’s seven-year journey was also marked by consistent updates to improve the network.
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