Cardano($ADA) founder Charles Hoskinson made some remarkable statements regarding Ripple and the $XRP ecosystem. Hoskinson said Ripple has been actively working in the industry for a long time and the company is taking concrete steps every day.
Hoskinson said Ripple launched its stablecoin RLUSD, completed a $1.3 billion Prime Broker deal, and onboarded hundreds of banks into its ecosystem. Noting that Ripple has been in the industry for 12 years, Hoskinson said: “You have to continue to grow. »
Hoskinson also discussed the technical development of Cardano, stating that the Leios upgrade would provide approximately 60 times more processing capacity in the system. Arguing that this development would make Cardano as good as $XRPHoskinson added: “We have not compromised on our principles. »
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Hoskinson also mentioned his intention to accelerate $ADAThe growth of LayerZero, Circle and other key companies have been included in the ecosystem as part of the Pentad initiative. He added that growth-oriented teams like AlphaGrowth are also involved and commercial products will be developed to increase the total value of locked assets and trading volume of Cardano.
Hoskinson said the Cardano ecosystem is also focused on increasing scalability on the technology side, saying: “Everyone is moving forward, we’re working 24/7. We’re all working really hard here and we’re not stopping. The market is not where it should be, but it’s in a much better shape than it was in 2018.”
Hoskinson also made statements regarding the Midnight Project. He said Midnight is initially focused on the “big 7” ecosystem, including Bitcoin, Ethereum, Cardano, Avalanche, Solana, BNB and $XRPand that users of these networks can join Midnight.
*This does not constitute investment advice.