Charles Hoskinson recently expressed his belief that Cardano will eventually surpass both Bitcoin and Ethereum, sharing his vision for this transformation.
According to the Cardano founder, the network is set to exceed Ethereum’s scale in ten years and will outpace Bitcoin another decade later. He predicts that by that time, many governments will be operating on Cardano’s infrastructure, a statement made during the Cardano summit in Argentina.
While it may seem far-fetched now, especially since
ADA
ranks as the eleventh-largest cryptocurrency by market capitalization – while
BTC
and
ETH
hold the top two spots—Hoskinson remains optimistic. He asserts that Cardano’s advanced technology positions it well against its competitors. He confidently stated that Cardano is already the leader in the space, noting the substantial gap in capabilities, particularly with the implementation of decentralized governance.
Hoskinson elaborated on the significance of this decentralized governance, emphasizing that it equips Cardano to address any emerging challenges effectively. He believes that the focus should not be on marketing tactics but on fostering a genuine community that naturally promotes the network.
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Additionally, Hoskinson indicated that Cardano is in it for the long haul, aiming to build a trustworthy network recognized by global governments. He stressed that genuine decentralization fosters trust and can diminish the influence of intermediaries and large corporations that currently dominate the narrative in the blockchain sector.
He also highlighted the importance of the Voltaire era for Cardano, asserting that it distinguishes the network from others, particularly those heavily backed by venture capital. He criticized such funding, arguing that it goes against the fundamental principles of blockchain technology and leads to centralization, where only a few entities control validator nodes.
