Co-founder of one of most developed networks in industry is ready for business
In his most recent interview, Charles Hoskinson told a reporter that Cardano is “open for business” as the ecosystem continues to grow almost daily by adding DEXs, NFT markets, oracles and stablecoins. With a variety of use cases, Cardano welcomes more projects and teams.
The co-founder of Cardano and Ethereum noticed that the network has every tool imaginable for businesses to start operating in a Cardano ecosystem that offers low fees, high transaction processing and decentralization.
Previously, U.Today discussed how Cardano successfully uses a decentralized governance process to fund small teams that want to transition to Cardano through the Project Catalyst Fund. More than 500 projects and initiatives have been funded by thousands of users who want to shape the future of the network.
Cardano users are waiting for important release
One of the most important things for any decentralized network would be the presence of a stablecoin solution constantly supported by a large group of developers and economists who can make sure that it can withhold any kind of selling pressure.
Cardano is already gearing up for the release of many stablecoins that can act as a bridge between the network and fiat currencies and attract even more investment into the ecosystem.
Unfortunately, the variety of solutions on the network and strong decentralization are not helping ADA to perform better on the market while the whole industry is struggling with low inflows and high risks.
Over the past 300 days, Cardano has lost over 80% of its value due to its ATH, making it one of the least profitable assets in the cryptocurrency market, despite being l one of the most actively developed blockchains in the industry.
