Charles Hoskinson Compares Present Crypto Industry to Weird Meme of Glue Invention

Charles Hoskinson Compares Present Crypto Industry to Weird Meme of Glue Invention

CEO of Input Output Global and founder of Cardano Foundation, Charles Hoskinson, now seems to be following the suit of Elon Musk as he has started posting memes on his Twitter page.

Cardano founder says this meme describes crypto industry

The meme shared by Hoskinson, in his view, is somewhat related to the current state of the crypto industry. The meme about the invention of glue seems to describe how crazy innovators may seem to average users in their research and attempts to innovate when they suggest “melting a horse so we could stick stuff to other stuff”.

This really makes me laugh and somehow is connected to our industry— Charles Hoskinson (@IOHK_Charles) September 8, 2021

On September 1, Cardano launched the testnet for smart contracts prior to rolling out the much-anticipated Alonzo hard fork scheduled for this Sunday – September 12.

Recently Cardano faced a massive storm of FUD (“fear, uncertainty, doubt”) prior to hard fork implementation. Hoskinson reminded the community that the same happened to Cardano last summer when they rolled out the Shelley hard fork, which introduced the Proof-of-Stake consensus to the network, leaving Proof-of-Work in the past.

As of Monday, 64 percent of Cardano stake pools for ready for Alonzo and upgraded to the 1.29.0 Alonzo node.

Binance now supports Alonzo release

As reported by U.Today earlier, the largest crypto exchange Binance has made a public statement that it will be supporting the upcoming Cardano upgrade. ADA withdrawals, deposits will be put on hold until the hard fork rollout is over. The trading will continue to take place as usual.