Charles Hoskinson, the CEO of Input Output Global (IOG), has reacted to the recent trend in the market, stating that Cardano (ADA) is built to be resilient at a time like this. He said the leading PoS blockchain project is built to last for everyone.
Hoskinson, in a video shared a few hours ago, explained why investors need to be resilient and why Cardano was built with quality in mind rather than rushing it to launch as fast as possible.
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For those who prefer YouTube: https://t.co/jfcrX1fvQH
— Charles Hoskinson (@IOHK_Charles) May 11, 2022
Cardano’s creator stressed that a good project is the one that is built to last. He spoke about the historical trend of Bitcoin, which is full of bull runs and pullbacks. He said these events have been keeping the asset stronger over the years.
Hoskinson compared this quality found in Bitcoin to that of Cardano. He pointed out that the Cardano community is now getting larger with its notably growing user base.
The mathematician also revealed that Cardano is planning to introduce a consensus feature in its network, which is targeted at boosting the participation of investors in decision-making within the system.
Charles Hoskinson noted:
“Again, basic principles, if you are building something for everyone and you are building it to last, build it well. Even if it takes a little bit more money and a little bit more time, again and again, I have always said that it is not going to be first to market, it is going to be best to market, and those who exhibit stability and resilience in the bad times that survive.
“That’s why today we are stronger than we’ve ever been in the history of the project. More people than we’ve ever had since the history of the project. Yet that will not be reflected in the media, the prices, or the current atmosphere because it is one of fear, greed, and one that does not care about basic principles.
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“Here is the thing, the fair weather people and all those psychos, they get drowned out and the people who stay behind are here for the long term…
“I hear people say that Cardano has no venture capitalists (VCs). What is capitalist? $700 million is ready to go deployed in a responsible manner through terms that you, the community control, and every single time a voting round happens we see more participation, we see more voting in many of the great projects.”
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