Despite the successful launch of Shelley, the CTO of EOS believes that Cardano is still an inadequate project

• After the Shelley was successfully launched on Cardano, the project is seemingly on the right path to launch smart contracts and native assets in 2020. 
• At least, this is according to a statement by its founder, Charles Hoskinson. 

After the fully decentralised Shelley network was successfully launched on the Cardano network, the project is seemingly on the right path to launch smart contracts and native assets in 2020. At least, this is according to a statement by its founder, Charles Hoskinson. 

Hoskinson made comments in regards to criticism made by the Chief Technical Officer of EOS, Daniel Larimer he said that the Cardano blockchain ecosystem isn’t powerful enough to run any decentralised finance or any other kind of decentralised application. 

He further said: 

“Smart contracts and native assets are coming this year, our latency is lower than Ethereum’s-the dominant DeFi platform (hydra brings it to subsecond.)”

With the recent launch of the highly anticipated Shelley mainnet, the overall ecosystem of the network achieved a big milestone saying that big things are on the way and it should be easier going forward from here on out. 

But the CTO still believes that the project is still inadequate as he went on to say:

“Your protocol doesn’t work for applications other than currency, the confirmation latency is too long for most DeFi and completely unsuitable for most use cases. What are the material facts I’m wrong about?”

It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!