• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news today, price & technical analysis
Price & Market
Cap Data from
Nomics Logo
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • TradeeToro
  • Invest BTCTry
  • Join STC ICOBuy
No Result
View All Result
NewsBTC
No Result
View All Result
Price & Market
Cap Data from
Nomics Logo
Home Cryptocurrency news Cardano

Cardano Turning Down Dapps Due to Sheer Volume of Applications

Samuel Wan by Samuel Wan
3 weeks ago
in Cardano
Reading Time: 2min read
Cardano Turning Down Dapps Due to Sheer Volume of Applications
Advertisement

Replying to remarks over the lack of dapps running on Cardano, IOHK CEO Charles Hoskinson responded by saying demand is so high his firm cannot handle the applications flooding in. In many cases, as a strategy to cope with the demand, applications are being rejected.

Some Thoughts on DApps https://t.co/0rHRxdblPP

— Charles Hoskinson (@IOHK_Charles) March 21, 2021

Goguen is Coming to Cardano Very Soon

Speaking on a live stream, Hoskinson said criticisms of Cardano having no dapps are entirely unreasonable. He drew attention to sneaker and cattle authentication apps already run on the chain using just metadata features.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

Although full programmability at the base layer is missing at present, he likened the fault-finding to criticizing attendance at a nightclub that hasn’t yet opened.

“Yet they say, what are the dapps running on Cardano? That’s like saying you’re opening a nightclub, you haven’t opened it yet, and you say, ‘how come no-one’s in your nightclub?’ It’s like, we’re still building it.”

Hoskinson is more than confident that once Goguen is up and running, the ecosystem will fill out accordingly. However, right now, the firm cannot deal with the demand to build dapps on Cardano. He said the only thing to do under these circumstances is to turn down applications from developers.

“As if, smart contracts come and there’ll be no demand. We’re overwhelmingly subscribed. At the moment, our company has no more capacity to service deal flow that comes in for Cardano. People come to me, unless it’s a super high-value deal and some have jumped up the queue, we actually say no and turn them down…”

What’s in The Works?

The Goguen era is expected to launch at the end of March. So far, IOHK hasn’t confirmed or denied that they will meet this deadline. Nonetheless, expectations are riding high. Once smart contracts are up and running, Cardano will be on even ground with its biggest rival, Ethereum.

Playing into the expectations, Hoskinson tweeted that this month’s Cardano 360 will be one to watch. The monthly program is scheduled to show on March 25 at 17:30GMT.

Cardano Fans, you're really going to want to tune in to March's Cardano 360 Episode. It's going to be action packed!

— Charles Hoskinson (@IOHK_Charles) March 21, 2021

Although the “action” could refer to any number of things in the pipeline, a confirmed Goguen rollout date would be the best-case scenario for ADA holders.

With that, in the short term, what can the community expect with Goguen? Hoskinson referred to the projects making their way through the Catalyst program. He said a slew of NFT marketplaces, stablecoin offerings, oracles, and DEXes are on the way.

“If you look at Catalyst, there are six NFT marketplaces seeking funding, there are stablecoins seeking funding, some of which have already been deployed for example, on Emurgo. Oracles seeking funding, DEXes seeking funding….”

As such, accusations that Cardano is a ghost chain hold no merit. The only question remaining is, when will Goguen launch?

Cardano YTD daily chart

Source: ADAUSD on TradingView.com
Tags: adausdADAUSDTCardano
TweetShare
Nexo Logo
BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner? Win up to $1,000,000 in One Spin at CryptoSlots
Samuel Wan

Samuel Wan

Samuel Wan is passionate about different cultures and eating good food. He has years of experience working in business and finance — a burgeoning interest in Bitcoin and cryptocurrencies since 2017. UK based.

Related Posts

Cardano ADA ADAUSDT

Why ADA could run hotter than Bitcoin and make 10x gains

2 days ago
Cardano ADA ADAUSDT

How a stake pool managed to produce Cardano’s first Quantum block

1 week ago
Cardano ADA

$500 B in ADA delegated for this purpose, Community takes over Cardano

2 weeks ago
Cardano Launches Anti-Scam Task Force to Combat Fraudsters

Cardano Launches Anti-Scam Task Force to Combat Fraudsters

2 weeks ago
Cardano ADA

Cardano on the cusp of a major milestone, will ADA make a big move?

2 weeks ago
Backlash Following Later Than Expected Rollout For Cardano Smart Contracts

Backlash Following Later Than Expected Rollout For Cardano Smart Contracts

3 weeks ago

Premium Partners

Top Brokers

eToro

eToro

Review · Visit
Evolve Markets

Evolve Markets

Review · Visit
Bybit

Bybit

Review · Visit
ArbiSmart

ArbiSmart

Review · Visit
PrimeXBT

PrimeXBT

Review · Visit
Moneta Markets

Moneta Markets

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bonusfinder DE

Bonusfinder DE

Review · Visit
Bspin

Bspin

Review · Visit
Wolf Bet

Wolf Bet

Review · Visit

Top Sportsbooks

1xBit

1xBit

Review · Visit

Top ICOs

Student Coin

Student Coin

Review · Visit

Token sale

Holdefi

Holdefi

Review · Visit

Press Releases

Polkadex IDO Launches On Polkastarter on the 16th of April

April 13, 2021

Fast-Growing Exchange Bityard to Launch Its First Contest for Global Traders

April 13, 2021

Regtank Shortlisted As Finalist for Asia Fintech Awards 2021

April 13, 2021

Newsletter Signup


ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Auto Trading Software ▸

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2020 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Cardano
    • Tezos
    • EOS
    • Chainlink
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Education
    • Accepting Bitcoin payments
    • Using Bitcoin
    • What is Bitcoin Mining
    • How to Trade Bitcoin
    • How to Buy Bitcoin
    • Digital Currency Exchange
    • Proof of Existence
    • Is Bitcoin legal?
    • Bitcoin Books
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Trade
  • Invest BTC
  • Join STC ICO

© 2020 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.