Despite the hurdles, Cardano founder Charles Hoskinson is confident about the future of cryptocurrencies and predicts that Africa will embrace Cardano at a rapid rate this year.
On episode 14 of Cointelegraph‘s Hashing It Out podcast, Charles Hoskinson, the co-founder of Ethereum and Cardano, joins Elisha Owusu Akyaw to talk about the present situation of cryptocurrencies and go in-depth on Cardano. Hoskinson offers his viewpoint on current events in the sector, the uptake of cryptocurrencies in Africa, and other topics. He also discusses problems with Cardano, like as upgrades that aren’t delivered on time.
Hoskinson gives an explanation of the necessity for Cardano at the start of the program. According to Hoskinson, while developing a new network necessitates recreating the network effect, doing so enables you to have an unclouded vision, which is essential for what Cardano plans to do. Hoskinson concedes that the network is now in a state of flux, with just around 85% of the original roadmap having been accomplished.
“Cardano evolved from a concept to an ecosystem over the course of seven years. Indeed, there have been some enormous successes, such as in the NFT industry.
The industry’s multichain nature is acknowledged by Cardano’s creator. Even if it starts on Ethereum or Cardano, according to Hoskinson, everything is moving towards multichain. He thinks that having a good product-market fit, excellent user experience, and a “softer” onboarding process are essential for standing out among the numerous blockchains.
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