- Charles Hoskinson hopes ADA will be the most predominant force by the end of this year
- Hoskinson states some factors that could help Cardano displace Bitcoin and claim the number one spot
Cardano News Today – The digital currency space is highly competitive and it is all about innovations and developments. To strive and stay ahead of the game, a crypto project needs to be at its best in terms of developments, partnerships, as well as keeping the community engaged. For quite some time now, the ecosystem of Cardano (ADA) has been touted as one of the most active and innovative blockchain networks in the digital currency space.
Charles Hoskinson Wants ADA to Be the Most Predominant Force This Year
Charles Hoskinson is the Chief Executive Officer of IOHK – the parent firm of Cardano. The said he hopes that the native currency of the network – ADA – will be the most predominant force in the digital currency space by the end of this year. Hoskinson expects the digital currency to become a true social operating system.
Cardano (ADA) Price Today – ADA / USD
The CEO said that with the launch of the long-awaited incentivized testnet, the Cardano team learned so much about stake pools as well as the business of maintaining a digital currency while creating stability. In his last “Ask Me Anything (AMA)” session, he said that 2020 could indeed be the year for Cardano. He said:
“We are especially interested in investing resources at IOHK and our partners at EMURGO and the Cardano Foundation [are] investing a lot of time to make sure that we fully understand. And as we exit 2020 and we go throughout the decade this is something we do continuous research in and the better we get, the better the feedback loop becomes, the faster we can grow and get to those billion users and become a true social operating system that is beneficial to everyone in the world.”
Cardano to Displace Bitcoin and Claim the Number One Spot
According to Charles Hoskinson, Cardano needs to align three vital things to displace Bitcoin (BTC) and claim the coveted number one spot. Those three vital things that need to be aligned for Cardano are technology, commercialization, and incentives.
Hoskinson admitted that all digital currencies came into existence because of BTC and BTC will always be valuable since it is the oldest coin. However, he believes that there are three vital factors that will help Cardano to become the platform that caters to those that want to create their decentralized applications on a platform that people want to store value on. The CEO also said that the ecosystem of Cardano would focus on partnerships this year. Hoskinson went on to say that, the Ouroboros BFT would be rolling out by February this year.