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Arthur Hayes known as the ADA code "dog crap."

Arthur Hayes

Arthur Hayes, former CEO of BitMEX, known as Cardano's native blockchain token (ADA) "dog crap" as a consequence of low utilization within the protocols.

He has connected a screenshot of the put up on X, which reveals the fee obtained by a number of decentralized functions.

“For anyone who believes in ADA, which application on this list originally launched on Cardano or has an application on the network that is actively used? Based on my very limited knowledge, it appears that none of them did,” Hayes wrote. .

Projects recognized included Kwenta, Gains Network, Aura Finance, curve, Avi, MakerDAO, com.uniswap And Lido Finance.

According to the previous president of BitMEX, the dearth of lively use dappcreated or supplied on Cardano, demonstrates the inefficiency of the platform.

Taking into consideration the strategy of blockchain founder Charles Hoskinson Answer sharply To the criticism, this time his remark turned out to be extra reserved.

“Arthur, why are you throwing shade at Cardano? I love you, my friend,” he wrote.

Then Hayes advertiserHe “likes Hoskinson too,” however didn't return on his phrases about ADA, advising him to purchase Ethereum.

Previously, the founding father of Cardano expressed his doubts relating to the event of layer-two options on the Bitcoin blockchain.

In November 2023, Hoskinson and Blockstream CEO Adam Back argued about decentralization in Bitcoin. The first instructed that a 51% assault would solely require three subpoenas towards the house owners of the biggest mining swimming pools.

In October, the pinnacle of Cardano accused Ethereum of stealing the Ouroboros consensus protocol.

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