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Reading: Charles Hoskinson: Cardano Will Surpass Bitcoin and Ethereum
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EdaFace Newsfeed > Latest News > Altcoin News > Charles Hoskinson: Cardano Will Surpass Bitcoin and Ethereum
Altcoin News

Charles Hoskinson: Cardano Will Surpass Bitcoin and Ethereum

vitalclick
Last updated: October 20, 2024 10:49 am
5 months ago
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Cardano $0.350297 Founder Charles Hoskinson, Cardano network’s Bitcoin $68,412 and Ethereum $2,647He said he thought it would be bigger than , and offered the timeline in which that would happen. Hoskinson also stated that the Voltaire era network gave it an advantage over other layer-1 networks.

The Future of CardanoAdvantages of Decentralized Management

The Future of Cardano

Hoskinson said Cardano will become a larger network 10 years after Ethereum and 20 years after Bitcoin. He also noted that in the next decade, most governments will be working on their infrastructure.

The fact that Cardano is larger than Bitcoin and Ethereum means that ADA’s market cap will surpass BTC and ETH. Currently, ADA is ranked eleventh in terms of market cap, while BTC and ETH are ranked first and second respectively.

Charles Hoskinson stated that he believes that Cardano has superior technology compared to other networks and that this superiority will be valid over time. Hoskinson emphasized that the network has a competitive advantage with decentralized management and promising plans.

“Thanks to onchain governance, we have everything we need to solve any problem.”

Touching on the importance of decentralized management, Hoskinson stated that they preferred to build a real community rather than focusing on marketing.

Advantages of Decentralized Management

Cardano founder stated that they adopted a long-term strategy and did not focus on instant success.

“We want to build a network that everyone can trust.”

Although Hoskinson explains his aim to create a structure independent of central intermediaries and global companies, progress towards these goals has been extremely slow over the years. This causes a reaction from the community.

In his statement about the Voltaire era, Hoskinson said that Cardano differs from other layer-1 networks and stated that other networks’ reliance on venture capital financing is contrary to the purpose of blockchain technology.

These statements by Charles Hoskinson about Cardano gave rise to various views on the future growth potential of the network. Experts are closely monitoring how the adoption of Cardano’s technology and community-focused approach will affect market dynamics.

Cardano’s goal to surpass Bitcoin and Ethereum in the future is built on the network’s technological innovations and decentralized management strategy. Whether this goal will be achieved may vary depending on network adaptation and market conditions.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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