Cardano is Recording Overwhelming Demand: Charles Hoskinson


Charles Hoskinson, the founder of Cardano (ADA), recently announced that the company is witnessing “overwhelming demand” despite it still being in the second phase of its Goguen upgrade.

Hoskinson noted that Cardano does not have the programmability facility at the moment, nor the smart contracts needed to meet the demand, but that didn’t stop companies from subscribing to it. Already, several applications are using Cardano’s metadata features.

The founder and CEO of Cardano noted that “at the moment our company has no more capacity to serve the flow that comes to Cardano.”

In a previous report, we quoted Hoskinson saying that over 100 companies could migrate from Ethereum to Cardano, despite Cardano’s current inability to cater to the clients.

The influx of clients spiked significantly following Cardano’s successful launch of the Mary hard fork at the start of this month. The upgrade effectively turned the company into a multi-asset network ecosystem.

Meanwhile, Charles Hoskinson is actively working with several African governments to attract millions of users to its database. IOHK, the host company behind Cardano, has collaborated with several African countries to get its citizens to create digital identities.

Hoskinson Comes with Proof for Critics
Hoskinson recently broadcasted a map of Cardano’s ecosystem via Twitter to shut critics who labeled the company a “ghost chain.”

Charles Hoskinson. Source: Google

Speaking about the DeFi ecosystem, the CEO noted that the company “has to listen to what people are saying,” referring to dApps that function as speculation vehicles alone, like NFTs, without providing any sustainable use cases for the cryptocurrency community.

He added that “most dApps are currently centralized by a small group of actors who control the changes in the protocols.”

Meanwhile, Cardano plans to provide complete decentralization for the protocol by enabling block-creation by pool operators by the end of this month.


You can purchase crypto coins here: Buy Coins

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.