Cardano (ADA) Founder Charles Hoskinson talked on YouTube today about Cardano generating an ‘enormous amount’ of commercial interest alongside an update on the ‘Alonzo’ hard fork. Cardano Is Generating ‘Enormous’ Commercial Interest; What Is Alonzo? Alonzo will bring exciting and long-awaited new capabilities to the network by integrating Plutus scripts into the blockchain, allowing for the first time the construction of smart contracts on Cardano and the deployment of a wide range of new DeFi apps. During the webcast, Hoskinson pointed to the network’s high level of business engagement: “When you look at the D5 set on Cardano, there are dozens, if not hundreds, of strong prospects there, as well as over 1,500 developers educated through the police pioneers program, so there is an enormous amount of commercial interest traction community work with Cardano.” Hoskinson Encounters Critics On Twitter: When year-old tweets showing ADA network adoption predictions fell short of community expectations, the software entrepreneur was mocked on Twitter. Although ADA is the fifth-largest cryptocurrency by market value and a self-described third-generation blockchain project, the network is not without its opponents. In response to criticism on Twitter, the Ethereum co-founder added: “We have that type of traction.” If I’m calculating right, there are tens of thousands of assets and over $10 million in NFTs sold across the Cardano network.” The ADA Arouses Curiosity Of Several Institutions Hoskinson noted ADA has generated a great deal of commercial interest and community effort. “The ecosystem is pretty robust and functional, and since the forecast last year, we’ve witnessed a triple in Cardano population number and obviously a lot of wealth accumulation.” He considers his network to be the most important stake network in the entire space, with a large audience tracking its progress on every social channel from Reddit to Telegram. Hoskinson elaborated on this point: “By every quantifiable KPI, the last year has been spectacular, and smart contracts are on their way. Because Cardano is so huge and listed in so many places, it’s just a gradual process.” Cardano was recently accepted as Grayscale Investments’ third-largest stake, demonstrating the digital asset’s increasing demand and, as a result, attracting a lot of institutional interest.
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