Cardano (ADA)

It's really not an issue at all, it's something that people who already hate Cardano have just completely lost their marbles over online purely to attack the project. The "rumblings" are basically the equivalent of a single poorly coded PC game downloaded from Steam crashing and then all of the Epic Store community claiming that Steam is completely broken & unusable for gaming forever!

A developer (Minswap) ran into an issue with their DEX design on the public testnet where they couldn't handle multiple tx's at the same time, even though they had failed to heed the concurrency information they were given six months ago regarding UTXO design. Cardano doesn't use the same accounts model as ETH so devs need to think a bit differently about how they design things like DEX's, if you simply try to build a copy of Uniswap from the accounts model world you will run into issues. You can't just port Uniswap from the accounts world over to the UTXO world without making major changes that factor in UTXO. None of the other devs are having the same issue cause they all factored UTXO into their designs. There are a bunch of devs building competing DEX's and all of those have been able to get their designs working fine like ErgoDEX, Sundaeswap, etc except for this one dev so ETH Maxi's in particular went on a misguided crusade declaring that smart contracts were permanently unusable for defi on Cardano. Practically every one of the loudest voices online have a list as long as your arm of posts hating on Cardano or Hoskinson going back years, any chance they get they will attack. This is a known aspect of UTXO design flagged six months ago that has multiple solutions already developed. Essentially what happened was that this one dev couldn't figure out a workable design themselves in time but still proceeded onto the testnet as is. They were always going to have this problem:

$5 soon.

And we're live!!!

How much did you pay?

bottom at 1.20 $ and 0.00002500 BTC. up now

There's no other token that gets slagged and memed quite as frequently as $ADA except maybe $XRP. Definitely not something I'd want to hold in 2022.

I heard the same when ADA was for few cents and 400-500 sats.

Good it didn't bother me.

I layered out during the last pump. Still keeping a bit. Just poor preforming for the year. Though for stability it’s very solid, no hacks yet. Not many in the top ten can say that.

i'm hoping to mostly cash out my positions in Q1 and Q2 of this year, then load up on ADA when the bear market comes. time will tell if it works out for me or not 🤞

It won't

Network is really struggling (at times, but fees are still pennies👍️) last few days, gonna be mental once Sundae goes live. I'm waiting almost 30 mins for a transaction to go through on museliswap now.

Scaling/Hydra can't come soon enough...

What would it take for you holders to accept its a shitcoin?

Hours to days to process a transaction on a DEX.

If you are in profit get out ahead while you can, if you are at a loss, get out before it grows bigger.

Going to be generational bag holders from ADA, pass it on down to your grandchildren, " Trust Charles, we are only a few more peer reviews away from making it"

In loving memory of our beloved ghost chain

Well the sundaeswap dex launch was a disaster, who'da thunk it.

the network got massively congested. this was expected and communicated by lots of sources (including SundaeSwap themselves). once the hype settles down about Sundae, it will get better, and it will also focus the Cardano techs minds even more on the need for the scaling solutions expected later this year.

so basically it was busy to the point of being unusable, as expected. not a good look from the outside, but users familiar with Cardano knew it was coming

Ha..... emmmm nope it isn't