Cardano News Today – Cardano’s Charles Hoskinson Talks About How Cardano Will Reach a Trillion-Dollar Market Cap – April 24th, 2020

Cardano
  • Can Cardano ADA Hit a Market Capitalization of 1 Trillion as predicted by Charles Hoskinson?
  • Cardano ADA Gains 18% Against The USD Testing The $0.0434 With Higher Highs Upcoming Near-term 

Cardano News Today – Every Blockchain founder dreams that their technology becomes the best in the market. Unfortunately, not every blockchain that is created is going to stand the test of time. The good news is that Cardano is among the top blockchain networks that have shown real prospects. This is why it’s not a surprise that its founder, Charles Hoskinson, during an interview with Cointelegraph, said that Cardano ADA has what it takes to reach a market capitalization of one trillion in the long run.

Cardano News Today – How Can Cardano Reach One Trillion?

Everyone in the blockchain community knows that Cardano is different from other blockchains because it is based on scientific principles and emphasis on research first. Even if many new coins have started following Cardano’s lead by using a scientific approach, the ADA token is far more superior. During the interview, Hoskinson said;

“So my whole argument for academic rigor is it’s not just about today, it’s about tomorrow in two different respects. It’s about tomorrow from the respect that we can get protocols that can scale to billions of users. And there are no protocols in the world that right now allow us to do that. So they have to be designed. And then two, who will come up with the protocols five years from now, 10 years from 15 years from now? Are we always going to have the genius founder around? No.”

Hoskinson said that the rise of cryptocurrencies and the underlying blockchain technology is inevitable. He said that the Cardano blockchain is heading toward complete decentralization. So, even if he leaves the Cardano Foundation, the network will keep going. He continued;

So when quantum computers come alive, we have defenses against that. When we start doing these things on satellites, we have protocols for that. Well, we want these things to work on a cell phone with the same user experience and use recursive snarks. <…> And it doesn’t have to be built by one company or one party. It can come out of the academic world in a very decentralized way. <…> So I think this is the long term superior approach and it’s the only approach that will get us to the protocol of a billion people.”

Cardano (ADA) Price Today – ADA / USD

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In other news, the Cardano ADA token is on the rise leading the altcoin market in a bull run. Yesterday, the token increased by more than 18% against the USD. At the time of writing, ADA was trading at $0.0434. It was up by 15.99% against the USD and up by 8.83% against the price of Bitcoin. The surge coincides with the release of Daedalus.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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