Cardano’s Charles Hoskinson Thinks Bitcoin has a Handicap; Says BTC is Deaf, Dumb and Blind

The CEO of IOHK and the co-founder of Cardano (ADA) and Ethereum (ETH), Charles Hoskinson, believes that it is not possible to do much with Bitcoin (BTC). He said that during an interview that he had with Ivan on Tech a few days ago.

Hoskinson Believes We Cannot Do Much With Bitcoin

Hoskinson explained that they started working on Cardano in 2015 when it was just an

“aspirational project.”

At the same time, he mentioned that the team was able to identify three different areas that would allow them to be competitive in the space and remain unique.

He has also mentioned that Bitcoin reached a billion dollar market cap and people started to believe that virtual currencies were here to stay. However, he said that the largest digital currency is “blind, deaf and dumb,” and you “can’t really do much with it.”

Hoskinson has also talked about Cardano’s roadmap. He said that their roadmap shows a collection of ideas that the team came up with a few years ago. They wanted to build a virtual currency, a community and propose different solutions to space. About it, he mentioned that they have produced 40 research papers and 20 of them were able to go through peer review.

At the time of writing this article, Cardano is the 9th largest digital asset in the market. It has a market capitalization of $2.25 billion and each ADA can be purchased for $0.086.

A few weeks ago, Cardano has been added to the Ledger hardware wallet, allowing users to hold their ADA virtual currencies offline. Moreover, they will have a secure way to store their funds without having to rely on a virtual currency exchange or other third parties.

Get Daily Headlines

Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

What to Know More?

Join Our Telegram Group to Receive Live Updates on The Latest Blockchain & Crypto News From Your Favorite Projects

Join Our Telegram

Stay Up to Date!

Join us on Twitter to Get The Latest Trading Signals, Blockchain News, and Daily Communication with Crypto Users!

Join Our Twitter

Add comment

E-mail is already registered on the site. Please use the Login form or enter another.

You entered an incorrect username or password

Sorry, you must be logged in to post a comment.
Bitcoin Exchange Guide