AI Summary
- Cardano (ADA) founder Charles Hoskinson has been outspoken about his opinions on Ripple and their recent struggles against the SEC.
- In a recent livestream, Hoskinson praised Ripple CTO David Schwartz calling him a “great guy” and commended his dedication to Ripple.
- In the past, Hoskinson expressed interest in making Ripple’s RLUSD stablecoin available to trade on Cardano’s blockchain network. .
- Aside from Ripple, Hoskinson also commented on Cardano’s decentralized ecosystem and how well the Cardano community and DeFi on the network is growing.
Cardano (ADA) founder Charles Hoskinson has been outspoken about his opinions on Ripple and their recent struggles against the SEC.
In a recent livestream, Hoskinson praised Ripple CTO David Schwartz calling him a “great guy” and commended his dedication to Ripple.
In the past, Hoskinson expressed interest in making Ripple’s RLUSD stablecoin available to trade on Cardano’s blockchain network.
Hoskinson on Ripple, RLUSD, David Schwartz
In a recent livestream Charles Hoskinson expressed interest in Ripple and spoke highly of David Schwartz, Ripple’s CTO.
From Charles Hoskinson:
“David Schwartz is brilliant, it’s a lot of fun being in meetings with him. XRP was delisted, excluded, Ripple was sued, and even when they won, they still had to fight.”
Hoskinson emphasised that Ripple and Cardano together had a bright future ahead of them and acknowledged how useful Ripple would be on Cardano’s Midnight project, a security blockchain network connected to Cardano.
Aside from Ripple, Hoskinson also commented on Cardano’s decentralized ecosystem and how well the Cardano community and DeFi on the network is growing.
Hoskinson mentioned that he had been in talks with Microsoft Azure and Hedera Hashgraph, hinting that possible future partnerships or collaborations may be on the way with HBAR and Azure.
The state of Cardano
Hoskinson and the Cardano Foundation have been in disagreements over community participation, funding and legitimacy concerns. According to Hoskinson, until the Cardano Foundation finds new leaders, he can no longer consider CF part of the Cardano ecosystem.
From Hoskinson:
They are going to vote against the budget and the community approved constitution. Until there are leadership changes that result in community control of their organization, I don’t consider it part of Cardano anymore.
In better news, Cardano’s layer 2 network, Hydra, processed over 2 billion transitions within 4 hours during its Doom Hydra tournament. During the tournament, a copy of Doom was running on the Hydra network, showcasing its ability to processes transitions with speed and efficiency.
With Bitcoin entering a volatile week after the FED’s update on interest rate cuts, Cardano is currently down 16% over the last 7 days . Once volatility settles, Cardano may find itself back over $1.00.
