Charles Hoskinson: Cardano Team is Crucial to Blockchain’s Development and Crypto’s Ecosystem


Cardano recently released a new roadmap design outlining their targeted goals before 2020 ends. However, the eagerly-awaited announcement didn’t result of ADA’s value, as many had previously expected. Instead, the coin plummeted in value.

Nevertheless, Charles Hoskinson, the CEO and Founder of Cardano, is unbothered by the current valuation of the virtual currency. He recently stated that their project is aimed at people who want to know what the technology stands for, as well as how it can add value to their lives. He further added that Cardano will not resort into tactics such as hyping their product to attract investors.

In the latest edition of “The Cardano Effect,” Hoskinson reiterated the importance of creating a funnel to capture potential investors. These individuals would then get information on the objectives of the Cardano project, the company’s philosophy, and the methods it uses, and so on. Moreover, the funnel will also be useful in showcasing future plans and the credibility of the Cardano ecosystem.

Talking about the team behind Cardano, Hoskinson asserted that they are not passive participants in the Cardano ecosystem. He stated that the exchanges, developers, researchers, and scientists have all played a vital role in the development of the ecosystem, including the active drafting of project papers. He also disclosed that the Ouroboros Proof of Stake algorithm has been cited 250 times.

Lastly, Hoskinson revealed that the Cardano team has significantly contributed to the achievements of the ecosystem mentioned above. In this regard, he stated that they discovered flaws and bug in the code designed by the team. When they approached the developers about the defects, they were friendly and accepted to correct the issues instantly. Charles believes that is sufficient proof of their commitment to the realization of the objectives of the Cardano ecosystem.

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