Charles Hoskinson does not miss any criticism of Cardano these days. Cardano CEO recently taunts Ran Neuner, a popular cryptocurrency commentator who criticizes decentralized exchanges (DEX). Here are the details…
Cardano (ADA) founder response to criticism
Popular in the cryptocurrency space, Ran Neuner criticized the least promising cryptocurrencies and said, “One of the most hyped cryptocurrencies in the crypto community today. We’ll touch on some of them and probably why they won’t,” he tweeted. In his analysis, he argues that Cradano’s DEXs are not efficient as they are not capable of fast trading. In response to the claim that Hoskinson thought was objectively false, he requested that the thread be spammed with screenshots of live DEX transactions. Neuner used the following statements:
Hey @IOHK_Charles, as I said in the video, I’m a big fan and I’m also an ADA holder, but this DEX is actually capable of fast transactions at reasonable volumes today. Please don’t call me SundaeSwap.
Hoskinson, on the other hand, claims that Neuner’s allegations are false information. Quoting Twitter, “What are you talking about? Dexes on Cardano are more burdensome than sundaeswap launch today and payout time is under a minute. Especially Wingriders works extremely fast. You are spreading false information,” he said.
What were the issues with SundaeSwap?
Neuner’s concerns about SundaeSwap were also echoed by platform users, who had a large number of criticisms and complaints. As Cryptokoin.com previously reported, SundaeSwap, the first decentralized application on the Cardano network, underperformed several times. Users who tried to test the platform after its launch reported that they had difficulty transacting.
Then came the network bottlenecks. While SundaeSwap CEO Mateen Motavaf insisted that the problem was a result of heavy load on the Cardano network, the mishaps continued even after 48 hours. One user explained that slow transaction speed caused him to lose $70,000. Another explained that he waited more than 12 hours for the transaction to occur. Meanwhile, Cardano’s ADA token is down 1.6 percent at $0.78.