Charles Hoskinson, the founder of Cardano, recently tweeted about the future of his platform.
According to Charles Hoskinson, Cardano will not only overtake Ethereum in the next decade but will eventually become bigger than Bitcoin. In a long term vision, he even looking further that governments using Cardano’s platform in the next 30 years.
Charles Hoskinson Celebrates Cardano’s Change Hard Fork Upgrade
On September 1, 2024, Cardano completed its Change Hard Fork upgrade. This upgrade aims to improve the decentralized governance of the platform.
Charles Hoskinson called this achievement one of the best technical successes in cryptocurrency history. He also praised the Cardano community for their hard work and dedication.
Controversy in the Crypto Community
However, Charles Hoskinson’s comments about Bitcoin caused some disagreement. He believes that “Cardano makes Bitcoin look weak.” Many people in the Bitcoin community took this as an attack on Bitcoin, which is known for its security and being the first cryptocurrency.
In response, Bitcoin supporters pointed out in Social media platforms that Bitcoin’s simple structure is intentional. It focuses on network security and works as a decentralized store of value. They argue that Bitcoin’s straightforward approach is one of its biggest strengths.
A Vision for Cardano’s Growth
Charles Hoskinson believes that Cardano has the potential to overtake both Bitcoin and Ethereum in the coming decades. His predictions are,
- In ten years, Cardano will be larger than Ethereum.
- In twenty years, Cardano will be bigger than Bitcoin.
- Hoskinson predicts that after Cardano becomes larger than these major cryptocurrencies, most governments will use Cardano’s platform within the next ten years.
Charles Hoskinson credits Cardano’s potential success to its focus on sustainability, scalability, and interoperability. He believes that Cardano provides a special platform for developers to build applications that will be valuable to society in the future.
Important Features of Cardano
Cardano aims for complete decentralization, which sets it apart from Ethereum. Charles Hoskinson argues that Ethereum does not focus on on-chain governance, while Cardano promotes user consensus and voting. This approach allows users to have more control and influence over the network.
Another crucial aspect of Cardano is its focus on interoperability. This feature enables Cardano to connect with other blockchains, allowing for smooth connections. By expanding its network, Cardano can enhance its capabilities and reach.
Cardano is designed with sustainability in mind. This focus ensures the long term viability and scalability of the network. Charles Hoskinson believes that a sustainable approach will allow Cardano to grow and adapt over time.
Current Standing in the Market
Currently, Cardano (ADA) holds the position of the 11th largest cryptocurrency by market capitalization. In contrast, Bitcoin (BTC) and Ethereum (ETH) occupy the top two spots. Even with this, Charles Hoskinson remains confident that Cardano can exceed these competitors in the future.redictions reflect Hoskinson’s vision for Cardano and its potential role in the future of finance.
Conclusion
As Charles Hoskinson’s statements about Cardano’s future are ambitious. He imagines Cardano becoming larger than Ethereum and Bitcoin, with governments using its platform. While these predictions depend on many factors in the cryptocurrency world, they raise interest in what the future holds for Cardano. As the platform continues to develop, it will be important to see if Hoskinson’s visions come true.
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