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.

    Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) Price Prediction: Top Crypto Coin Forecast

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    Carl T
    Carl T
    Carl is a legend in cryptocurrency space for his long-storied experience, history and insights. He is a digital nomad who fell in love with bitcoin and its offspring for many years now and prides himself on delivering quality perspectives in the emerging world of crypto-assets and blockchain technology.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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