Then, you can get in touch with us. interview The hosts of “Altcoin Daily,” a popular cryptocurrency-focused YouTube channel, Charles Hoskinson, the founder of Cardano, made bold assertions about the future of Cardano in relation to Bitcoin. Hoskinson addressed nearly 1,5 million subscribers and laid out his vision of Cardano, which he thinks will eventually compete with Bitcoin to become the leading cryptocurrency in the world.
Hoskinson believes Cardano will flip Bitcoin
Hoskinson bases his argument on the unique characteristics of the Cardano eco-system, which will, he says drive the growth for it to surpass Bitcoin. He presented a strategy that leverages both global adoption and superior technology to place Cardano on the frontline of the crypto industry. “If we can do what I’m saying, there’s no way to beat Cardano,” Hoskinson claimed and added, “At its core, it’s lived up to the promise.” Satoshi started.”
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Hoskinson drew the attention of his audience to global efforts being made to integrate Cardano in various political and economic systems. Hoskinson said that these efforts are part of an organized effort to promote Cardano across the globe. “Some people are in Argentina right now and they’re fighting like hell to get the Argentine government to adopt some things. Some people are in Ghana right now fighting like hell to get the Ghana government to do things,” He elaborated.
Hoskinson explained the dynamic of building a large-scale system: “So if you build a growth engine that doesn’t lose its people and it’s always adding people and you build a growth engine where you can absorb all the technology of your competitors at some point, you just outgrow and then you wake up and it’s a multi-trillion dollar ecosystem with trillions of dollars of value moving around around every single day.”
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Cardano’s core strategy revolves around the empowerment of its users. decentralized community That actively contributes towards the development of the platform. Hoskinson outlined the operational dynamics of the Cardano eco-system, noting that there are over 300 decentralized apps (dApps), which not only exist but thrive. “Every one of them has a team and a CEO and all kinds of people, and they’re fighting like hell to get their stuff growing,” He emphasized.
What is Bitcoin?
Cardano’s founder highlighted the importance of creating systems that encourage communities to work together towards common goals. Cardano will be able to achieve its goals through a community-centric model, according to the Cardano founder. “flip” Bitcoin. Bitcoin.
“Bitcoin stalled. The only value proposition it has is it’s big and successful, that’s it. It’s not some new technology, it’s not some new capability, it’s not the fact that it’s super easy to use it to go and do something interesting. It’s big and successful, that’s what Yahoo’s value proposition was. […] That’s what Myspace’s value proposition was. Network effects don’t mean anything in technology,” Hoskinson stated.
Cardano’s founder has also spoken about the future. release of MidnightCardano is experiencing a major development, which, he says, will help to attract hundreds of new partner chains. “There’s people wanting to be partner chains and once Midnight is out and if it’s successful, there’ll be hundreds of partner chains coming and people are building and launching,” According to Hoskinson
Hoskinson concluded by reiterating his conviction in decentralization and first principles, as well as the importance of creating a system that is both incentivised and integrity-preserving. Hoskinson said these are the elements that will be needed to build a global technological infrastructure for voting, payments, and identification systems.
“The only way is embracing decentralization, first principles thinking, preserving the Integrity of your system and creating the right incentives for millions of people who don’t know each other to come and use that technology in the right way and also the ability to absorb new ideas.”
As of press time, the ADA was priced at $0.3855.
Chart by TradingView.com. Featured image courtesy of YouTube / Charles Hoskinson
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Source: www.newsbtc.com