Charles Hoskinson Explains Why He Doesn’t Have to Appreciate Cardano’s Value or ADA Coin Price
Charles Hoskinson, the founder of Cardano (ADA) and co-founder of Ethereum (ETH), explained that is not his responsibility to work in order to appreciate ADA’s value. During a recent video uploaded by Hoskinson, he talked about the future roadmap and addressed the FUD that Cardano is experiencing.
Hoskinson Sure About The Future Of Cardano
Cardano’s founder explained that users shouldn’t compare the user interface and experience for users between crypto companies and other services provided by Microsoft, Google, and Amazon. According to him, this is more than just user experience but is about philosophies and what digital assets stand for compared to traditional companies. Indeed, he admitted that Cardano is not going to be providing what everyone needs.
About it, he commented:
“With the amount of work we are putting into the software and the network, Cardano has become a very stable wallet now. To build the platform, we had to consider several factors like cryptography, game theory and byzantine actors. Some people claim that the delays in the release of the Shelley testnet is making money but it’s actually the opposite. I am losing money with every single delay, a cost that the company as well as I am willing to bear.”
Mr. Hoskinson has also explained that IOHK created its technology and that all the products developed are original. He has also explained that there are several users that are requesting a date for the release of the testnet, however, he said that there is no scheduled date for it and that he will be giving it when they will be sure that it is the correct time to do so.
Cardano is also working with the government of Ethiopia in order to develop a new digital asset. The intention is to provide a secure and dependable means of payment for individuals in the capital of the country, Addis Ababa.
IOHK has recently signed a memorandum of understanding (MOU) with representatives from Ethiopia to develop a new digital payments system. This would allow people living in Addis Ababa to pay for energy bills and also other utilities. The project will include over 6 million individuals in the capital of the country and it will expand to other cities in the future after trying its overall performance.
At the time of writing, Cardano is the 10th largest digital currency in the market. Each ADA coin can be purchased for $0.073 and it has a market capitalization of $1.9 billion. In the last 24 hours, the digital asset fell 7.13% according to CoinMarketCap.