Charles Hoskinson Says It’s “Business As Usual” For Input Outputs Despite Cryptocurrency Markets
Input Output CEO Charles Hoskinson dismissed concerns about the ongoing cryptocurrency winter, arguing that bear markets are “actually quite comfortable”. recent interview With Yahoo! finance.
Hoskinson claims that bull markets are “disappointing” because no one wants to cooperate. “You have a lot of poaching, unrealistic wages, and unrealistic expectations,” the Cardano founder said.
The founder of Cardano, which has now gone through seven bear markets, claims that major advances, such as smart contracts, usually appear during the most difficult times.
As reported by U.Today, Cardano is now on the verge of launching the Vasil hard fork, which is expected to go live on June 29.In a recent interview, Hoskinson explained that the hotly anticipated upgrade will provide a large number of improvements in terms of scalability of the blockchain. He claims that the transaction volume on Cardano is “growing rapidly.” Therefore, the team of developers is implementing new upgrades to be able to meet the additional demand.
Hoskinson described the NFT sector as an “astonishing” area for development. He estimated that 40% of all applications being deployed on Cardano are related to NFTs.
cardano[एडीए]It is down about 5% in the last 24 hours. The coin is down almost 80% from its all-time high which was achieved nine months ago.
As reported by U.Today, Hoskinson stated that the crypto industry had entered a bear market in early May.