Cardano News Today – Cardano’s Charles Hoskinson says “We don’t have to be EOS, Tezos or Ethereum” – May 8th, 2020

  • CEO of Cardano Charles Hoskinson Talks About his Goal for The Cardano Network
  • “We don’t have to be EOS, Tezos or Ethereum,” He Says 

Cardano News Today – Cardano has always been referred to as an Ethereum Killer in the same category as EOS, Tezos, and Tron. This is primarily because the Cardano network shares a lot of great features with Ethereum but has even better features than the second-largest blockchain per market capitalization. Right now, Cardano is the third leading blockchain network per adoption. It comes just after Bitcoin and Ethereum even if it is still far back per market capitalization. Yesterday, the CEO of Cardano, Charles Hoskinson, said that they don’t intend to be the same with Ethereum or Tezos to succeed in the blockchain space.

Cardano News Today – “We don’t have to be EOS, Tezos or Ethereum,” Says Charles Hoskinson

In a video update, Hoskinson said that the Cardano blockchain provides real-world use cases that many other blockchains don’t offer yet. He said that these use cases are already driving adoption for the blockchain. He said that blockchain technology goes beyond speculating assets and making money. In his words;

“The point of the cryptocurrencies’ space isn’t about money. It’s not about Bitcoin. It’s not about going to a market cap and saying it did go up 5% or down 10%. The abstract point of our industry as a whole is about trust among parties who have to work together but don’t trust each other.”

Hoskinson referred to the work the Cardano blockchain is currently doing in Africa. He said that Africa is one of the most exciting places to do business for companies in the blockchain space. He said that more than 70% of the population in Africa is made up of people who are 30 years and younger. According to him, these are the technologically inclined members of society and they are connected to today’s technology. He believes that these people will be ready to take advantage of this technology and they would be happy to enjoy the solutions that the Cardano blockchain provides. Regarding the competition, EOS, Ethereum, and Tezos, he said;

“How are we gonna beat Tezos, Ethereum, EOS? To be frank, I don’t care about their success or stability in the existing crypto market. It makes no difference to me that they have a market capitalization of 25 billion because they convinced rich people in California to buy their token. Our project has always been about asking ourselves, can we build a new financial operating system? […] That system will allow these people to be lifted out of poverty and build value for all […] So, frankly we don’t have to be EOS, Tezos or Ethereum […] What we have to do is inspire people in this jurisdiction to solve problems.”

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