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Charles Hoskinson, founder of Cardano and CEO of Input Output Global (IOG), claimed he has spent more than 10 years working on his cryptocurrency project and that Cardano once ranked third on coinmarketcap with millions of users.
Hoskinson argued that Cardano receives little recognition within Ethereum's community and said that mentioning Cardano in those circles is discouraged.
Hoskinson has previously discussed new Cardano initiatives in developer communications. In a recent statement, he confirmed work on a recovery smart contract for Cardano using zero knowledge proof to secure wallet recovery for Ada and Cardano Native Tokens (CNTs). The project focuses on enhancing security for Cardano users.