Monday, September 26, 2022

Another billionaire in support of Dogecoin, said it is more useful cryptocurrency than Cardano

There is no shortage of people supporting the popular Dogecoin as a Mime cryptocurrency. We have read Tesla owner and billionaire Elon Musk speaking in support of Dodgecoin on several forums. Now another billionaire Mark Cuban has shown his support for DodgeCoin. He compared Dodgecoin to the Cardano ADA token. In an interview with Altcoin Daily, a YouTube channel, Cuban said that the Dodgecoin network has more potential than Cardano.

cuban said That I still think DOGE has potentially more applications available than Cardano. He said there is opportunity for Cardano until DOGE becomes a platform for applications. It is worth noting that Cardano and Dodgecoin are two very different networks. Dodgecoin is practically a copy of the bitcoin code. At the same time, Cardano was started by a team of experts.

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At the same time, Cardano’s community has strongly opposed Mark Cuban’s statement. In response to the interview, Charles Hoskinson, the company responsible for managing this cryptocurrency, used a GIF. It featured two people in a fake agreement. While the rest of the Cardano community members expressed dissatisfaction with Mark’s statement, saying that Mark Cuban’s view of Cardano seems to be stuck in the year 2019.

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This is not the first time that Mark Cuban has questioned the usefulness of Cardano. In May last year, Cuban tweeted that he was unaware of the potential use cases for the popular proof-of-stake blockchain. He is also concerned about the lack of innovation in the cryptocurrency sector. He said that there is more copy-paste than seeing true innovations.

Mark Cuban also took aim at investors who buy virtual land in the metaverse. He called such people stupid and said that even this word is short. It is worth noting that recently there has been a decrease in the sale of virtual lands in the Metaverse. At the same time, speaking about the upcoming merge upgrade, Cuban said that there was a lot of uncertainty regarding the transition to Ethereum’s proof-of-stake. He believes that the success of blockchain will largely depend on how more applications are managed.

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