Charles Hoskinson is confident that Cardano (ADA) will secure its spot as a leading smart contract platform after the cryptocurrency surged to become the 6th largest by market cap.
Cardano started the month at $0.0838 and has since jumped to $0.1346 at time of publishing – a staggering 60% increase. In a new YouTube video, the IOHK CEO says Cardano’s fundamentals are thriving and his team will continue pushing to break new ground in the industry.
“Here’s the reality, we had the Shelley summit and it showed the world that those who took a very bearish contrarian position on Cardano are wrong. We, as an ecosystem, are here to stay. We’re gonna keep growing, we’re gonna keep delivering, and we’re gonna have a great product and market, and we already have a great product to market.”
Hoskinson says that the entire crypto community will benefit from the continuation of Cardano as it builds systems that he hopes will bring the crypto industry to a new level.
“We are leaving behind foundations that will fundamentally transform the way things work in our industry and hopefully the world. We’re showing people how to do liquid democracy. We’re showing people how to do blockchain-based governance. We’re showing people how to do a much better UTXO model…
It’s the smart cow effect. Once one smart cow figures out how to open up the paddock, all the cows get out. Similarly, once one company knows how to do this, this becomes knowledge of the commons, so every single project benefits from that.”
The Cardano founder says people will not always come to the same conclusions in the crypto space, but he reiterates the need for unity to protect the future of the industry.
“It’s okay to disagree and we should disagree, but we should then be productive about the disagreements and talk a lot about trade-offs and what we value versus what other people value.
Because we have different values, we’ll discover that it’s not that we’re disagreeable. It’s rather that we just think and look at the world a bit differently. Perhaps this is too much to ask, but if we want to be successful, if we truly do want to see our ecosystems become trillion-dollar-plus platforms with hundreds of millions of users and taking over the elections of countries, this is the entry requirement. It is a standard we have to meet as an industry.”
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