[Cardano founder: We are growing organically like Bitcoin, will ADA prices rise? 】
In a Dec. 18 interview with He confirmed that despite concerns about network congestion, Cardano is designed to handle the load, with plenty of room for expansion.
In a post that gained widespread attention, Hoskinson mentioned that he was pleased with some concerns about Cardano block filling. He reminded the community that just a few months ago, Cardano was criticized as a useless "ghost chain."
As the network becomes busier and blocks fill up, Hoskinson assured the community that the platform is designed to handle growing demands and that there is more potential for growth in the future. Cardano aims to be the smart contract platform of choice, with development based on peer research and progressing in a methodical manner.
According to data from the Cexplorer blockchain explorer, Cardano’s average block saturation was 56.98% as of December 18, which is higher than the monthly average of 44.5%. From average block usage of 64kb at the beginning of 2021 to 88kb now, the block size has increased significantly, showing growth and the addition of application developers. It is worth noting that Cardano’s maximum capacity is adjustable and can be adjusted according to transaction needs.
After completing the Goguen phase and launching smart contracts, Cardano entered the Basho phase. The platform is being optimized to improve performance and scalability as more decentralized applications are launched. In blockchain, scalability is key and directly affects transaction processing speed and determined fees. Unlike Ethereum, Cardano’s fees remain stable and are not affected by network load.
In X’s post, Hoskinson emphasized Cardano’s organic growth, attributing the success to the participation and contributions of the community. He emphasized that this growth was not driven by venture capitalists, crypto media or KOL, but was spontaneous, similar to the development model of Bitcoin.
His comparison may be a veiled criticism of other smart contract competitors, such as Solana. FTX holds a large supply of SOL, and a bankrupt exchange will gradually sell SOL to repay creditors.Still, it remains to be seen whether ADA will follow a similar trajectory to BTC in the long term.
