• Cardano is a popular smart contract network with high transaction speeds and scalability, however it has recently been facing delays in token swaps on some of its decentralized exchanges (DEXes).
• The delay issues have put a dent in the integrity of the network while giving its competitors an edge. Some users have migrated to MuesliSwap, another DEX on the Cardano network, however this platform has also experienced delays due to increased migration.
• Charles Hoskinson has addressed these issues by emphasizing open-source software and security as important factors for blockchain networks.

Cardano’s High Transaction Speeds

Cardano is a popular smart contract network reputed for high transaction speeds and scalability. The founder of Cardano, Charles Hoskinson, had claimed that Ethereum lags behind it despite their Merge.

Delays In Swaps On Cardano

Network users have been facing delays in token swaps on some Cardano-based decentralized exchanges (DEXes). According to data from Cardanoscan, swaps can now take up to 30 minutes to complete. This recent delay has put a dent in the integrity of the network while giving its competitors an edge. Some users have migrated to MuesliSwap, another DEX on the Cardano network, however this platform has also experienced delays due to increased migration.

Security And Scalability Of Network

Cardano was touted as a network that has solved the blockchain trilemma with robustness that covers the areas of security, scalability, and decentralization. However, recent events have exposed the contrast between Cardano’s theoretical capacities and its practical operations.

Charles Hoskinson’s Response To Controversy

Following the Cardano controversy, Charles Hoskinson addressed these issues by emphasizing open-source software and security as important factors for blockchain networks. He highlighted that these two aspects are essential for any successful decentralized platform since they promote trust within users by ensuring transparency and collaboration amongst stakeholders.

ADA’s Price Action And Impressive On-Chain Analysis

The native token of Cardano – ADA – has been trying to hold its sustainable trend amid various challenges affecting other cryptocurrencies lately such as Bitcoin’s hash rate decline and Ethereum’s gas fees surge during peak demand periods. Despite these setbacks in cryptocurrency market performance overall, ADA continues to showcase impressive results according to on-chain analysis metrics like daily active addresses count growth & exchange balance hit all time highs respectively over last few weeks