Charles Hoskinson, the founder of Cardano (ADA), addressed the crypto community from London amid a European tour that included Italy and Switzerland on Sunday. In a video update, Hoskinson dispelled rumors about his commitment to ADA while offering insights into other blockchain projects, notably Sui.

Hoskinson Clarifies His Position On Sui

Hoskinson began by acknowledging the polarized nature of the crypto ecosystem. โ€œPeople are so radicalized and polar that they anticipate the founder of Cardano to always just say negative things about the things that people do,โ€ he said. โ€œIf I say anything positive, thereโ€™s this immediate impression that Iโ€™m abandoning Cardano or somehow being disloyal to the project.โ€

He emphasized that such tribalism is counterproductive. โ€œThat tribalism is intrinsically self-destructive,โ€ Hoskinson stated. โ€œIt prevents us from learning and growing together as an ecosystem.โ€

Hoskinsonโ€™s comments about Sui, a high-throughput blockchain project, sparked speculation about his allegiance to ADA. Addressing this, he noted his objective interest in Suiโ€™s technology, particularly its consensus protocol developed by George Danezis, a researcher Hoskinson has known for nearly a decade.

โ€œIโ€™ve been looking at the project with an objective eye,โ€ Hoskinson explained. โ€œSome of the technology comes from George Danezis [โ€ฆ] He wrote a paper called Narwhal and Tusk, which is one of the fastest BFT protocols ever conceivedโ€”incredibly high throughput, six-figure TPS, low latency.โ€

He clarified his position regarding Sui: โ€œNot commenting on the distribution, the tokenomics, how theyโ€™ve launchedโ€”all those thingsโ€”I havenโ€™t looked at those things, nor do I care about them. I donโ€™t hold any [Sui tokens], and Iโ€™m not involved with the project in any way.โ€

Cardano Remains Number One

Hoskinson also took the opportunity to reaffirm his dedication to ADA and highlighted its advancements. โ€œCardano is about compositionality and momentum,โ€ he said. โ€œWhen we make design decisions as an ecosystem, we build on top of those decisions for years to decades to come.โ€

He addressed criticisms about Cardanoโ€™s technology being outdated: โ€œWhatโ€™s ironic about it is that Ethereum is desperate to try to be Cardano. Theyโ€™re trying to figure out how to do on-chain governance; theyโ€™re trying to have liquid, non-custodial staking; theyโ€™re trying to figure out how to bolt on UTXO.โ€

Hoskinson also detailed ongoing developments within the ecosystem, including the Ouroboros Leios Protocol which โ€œwill be the fastest single-shard protocol around, โ€œaccording to Hoskinson who added, โ€œThe CIP is written; weโ€™re nearly done with the prototyping of it.โ€

Moreover, the ADA founder praised the progress on governance and decentralization: โ€œWe have just turned on the largest decentralized government in the entire industry [โ€ฆ] There are more than 500 people who have signed up to be DReps.โ€

He emphasized that ADAโ€™s approach is geared towards long-term success. โ€œCardano chose that road because itโ€™s a real cryptocurrency, and its aspiration is to be the dominant platform for the economic, political, and social systems of the world,โ€ Hoskinson asserted and claimed, โ€œWe have the best network stack, the best consensus architecture, the best programming model.โ€

Directly tackling the speculation about leaving Cardano, Hoskinson stated: โ€œI will praise from time to time good science and good engineering effort and interesting protocols that come across, but that doesnโ€™t mean in any sense of the word that Iโ€™m no longer on the Cardano train.โ€

He confidently projected Cardanoโ€™s future: โ€œLet me be very clear here: Cardano, I do believe, will become the largest cryptocurrency ecosystem in the world. Itโ€™s going to take some time, and itโ€™s going to be done by the collective efforts of millions, if not tens of millions, of people working diligently in their own interests in their own projects over the coming years and decades.โ€

He concluded with a message of dedication and optimism: โ€œIโ€™m here to stay. I love every part of this. Cardano is here to change the worldโ€™s economic, political, and social systems, and itโ€™s built purpose hand-in-glove for that expressed reason.โ€

At press time, ADA traded at $0.36.

Cardano price, 1-day chart | Source: ADAUSDT on TradingView.com

Featured image from YouTube, chart from TradingView.com

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