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Title: Cardano Founder Debunks ‘Ghost Chain’ Claims: What’s Going On?
As the crypto market continues to evolve and grow, it is not uncommon for rumors and misinformation to spread quickly. In recent days, there have been claims circulating about Cardano (ADA) being a “ghost chain,” but these claims have been thoroughly debunked by the project’s founder.
In an effort to provide clarity on this matter, we would like to take a closer look at what is actually happening within the Cardano ecosystem and address the recent rumors that have been spreading.
Firstly, it is essential to understand that there are two major types of blockchain networks: public and private. Public blockchains are open-source systems where anyone can participate in the network as long as they own the required amount of computational power (hash rate). On the other hand, private blockchains are closed systems used by companies or organizations for their exclusive use.
Cardano is a public blockchain, which means it is accessible to any user who has the necessary hardware and software capabilities. In this sense, Cardano is not a “ghost chain,” as it does not rely on central control or permission-based entry.
The recent claims likely stemmed from the fact that many of these claims are based on a misunderstanding of how decentralized governance works. Some users may have taken the information available online without thoroughly understanding what it meant and ended up spreading misinformation.
To give you a better understanding, we’ve got some more data here:
Source: https://u.today/cardano-founder-debunks-ghost-chain-claims-whats-going-on
