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
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.
— Manuel Chakravarty (@TacticalGrace) April 8, 2019
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.