Charles Hoskinson: Cardano will "get back in the top 5"

20 Dec, 2018 | Updated: 20 Dec, 2018
by Will Heasman
News
Charles Hoskinson: Cardano will get back in the top 5

In a recent interview Charles Hoskinson, famed co-creator of Ethereum and founder of Cardano sat down to discuss the cryptocurrency industry and the future of Cardano.

Understandably there has always been parallels drawn between Cardano and Ethereum (ETH) due, simply because of its shared founder. However, Hoskinson draws a line in the sand, stating that the team plans to build upon these similarities and move away from Ethereum:

“There is definitely room to keep the innovation going, take what we’ve developed with Ethereum and architecturally break Ethereum apart. Then, develop two different independent systems: one is accounting, and the other is computation.

So basically, it’s taking the lessons we’ve learned from Ethereum and from studying Bitcoin and building a multi-layered system.”

Recently Cardano has been at the forefront of the blockchain adoption push with their campaign #TransformAfrica. Cardano has been touring parts of Africa in a bid to promote blockchain technology. This recently led IOHK, - Another brainchild company of Hoskinson's, which utilizes Cardano – to sign a Memorandum of understanding with the Ethiopian government to train and hire new software developers:

“right now we have an office in Addis Ababa (Ethiopia), and we are doing a lot of research on how to get coffee farmers into a blockchain setting.” He says.

“The local government is quite keen on figuring out how we plan to take the million and a half Ethiopian coffee farmers and get them digital credentials. The next step is to model how coffee goes through the entire supply chain.”

Moving on to cryptocurrency itself, Hoskinson hopes for a better year, asserting that the Cardano team plans to “catch up” in regards to “functionality and utility”:

“If we succeed, the only way to compete with Cardano will be to emulate our engineering, which means that the software quality will dramatically increase in the entire space. If that’s our only accomplishment and Cardano doesn’t become a commercial success, that’s still great because it makes the world a better place for everybody.”

“Ultimately I think we’ll continue to stay very competitive and hopefully get back in the top 5 list of cryptocurrencies by market cap."

Read more: Hoskinson believes the SEC will crackdown on EOS with regulatory actions

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