Cardano’s founder, Charles Hoskinson, made it clear why the blockchain platform was excluded from the US government initiative. It is to post official economic data In the open block chain. Blockchain networks such as Ethereum, Solana, Avalanche and optimism have been cut. I didn’t do Cardano. Hoskinson said in YouTube AMA that it was based on economics, not technology or regulation. In particular, he said that the participation of Cardano was actually impossible because the integrated fee cited by Oracle Specialist Chainlink was ridiculous.
Ridiculous fee
As one The largest blockchain ecosystem, Cardano surprised many encryption participants to bring macroeconomic data to the blockchain because they could not participate in the US government’s recent blockchain initiative. But while speaking in A Recent amazing AMA His Youtube channel, Cardano founder Charles Hoskinson says The reason is that it results in money.
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According to Hoskinson, the main reason is partnership with partnership with Chainlink’s Oracle Integration, which has not been completed yet due to the ridiculous fee imposed by Chainlink. Hoskinson was not ashamed in a strong language: “They gave us a ridiculous number for integration,” “F -it, we will handle it. We will find it.”
Despite the frustration, he strengthened his criticism with respect. He described Sergey Nazarov, co -founder of Chainlink, as “very smart” and “very good businessman,” he said, “Sitting in the golden egg.”
Chainlink’s Oracle solution is very important for connecting smart contracts to real data. Therefore, the metaphor of HOSKINSON recognizes the powerful position of Chainlink in the blockchain ecosystem.
How to stop Cardano’s defect growth
If there is no cost -effective Oracle integration, Cardano’s distributed financial environment struggled to meet other blockchain ecosystems. In a perspective, the integration between Ether Leeum and Chain Link reached $ 13.4 billion in total value locks (TVL), which was added from August 2 ($ 78.22 billion) to $ 3.1 billion ($ 91.595 billion) in August. Data of defillama.
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Meanwhile, Cardano’s tvL went bankrupt to less than $ 400 million in August, and the daily activity address dropped significantly. At the time of writing, Cardano’s tvL sits for $ 367.91 million. The result is a connection between Cardano’s warm chain and ADA’s price behavior. I witnessed a steady increase in August With the rest of the encryption market.
Nevertheless, Hoskinson is still optimistic. Conversation with chainlink is in progress I decided to find something in common With chain link. He also unveiled a discussion with the team after the USD1 Stablecoin, suggesting potential cooperation with AAVE, and explained as part of this bundle. If you come to Cardano (already released from Ethereum, BNB and TRON) (already Ethereum, BNB, and TRON), it can be the largest stability of the ecosystem. Combine with Oracle Access And Chainlink’s loan support and Cardano were able to greatly strengthen the foundation of Defi.
At the time of writing, Cardano increased 1.1% to $ 0.8307 over the last 24 hours.
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