Co-founder of Cardano, the 11th-largest cryptocurrency by market capitalization, and CEO of IOHK Charles Hoskinson released a video during YouTube’s Cryptocurrency Virtual Summit, in which he gave an overview of Cardano’s developments since launching in 2017 and what they have learned along the way.
Cardano Is Here to Stay for a Very Long Time
For Hoskinson, the greatest accomplishment is how much he and his team have learned about introducing and making a cryptocurrency function in the market.
“The big accomplishment is just learning how to have a cryptocurrency in the market, learning how to have a product that can evolve at a reasonable pace, and being able to actually execute on the science, because the science is so very complicated and it’s all new protocols.”
He noted that Cardano is still in its very early stages of development, but has already accomplished a lot in terms of creating a specification of code and developing a reasonable vision of how to roll out that code and ship it to market.
The complex nature of Cardano – and blockchain technology in general – requires time to develop if it’s to be done right. Emerging digital ledger technologies and their use cases are constantly evolving. While this process of development may be slow and subject to delays, it’s of critical importance that it’s done correctly from the beginning.
Development Is a Hard Process – “We’re Going to Be Building for a Long Time”
The development of Cardano’s complex blockchain technology is a long, hard, and brutal process.
Hoskinson noted that it has been especially hard for Cardano throughout the past crypto winter, because despite Cardano’s progress and achievements, its price kept going down. This demoralizes people, and makes them harsh and spiteful.
Adding to this, Hoskinson said:
“But being able to overcome all of that and keep moving forward – and dealing with issues like the Cardano Foundation and having to go through a change of leadership – these were all things that we overcame. They prove that we’re resilient, and they prove that we know how to execute, and that we’re going to be here for a long time. And that we’re going to be building for a long time.”
Take a look at the video below for Hoskinson’s full interview:
Do you believe in Charles Hoskinson and the Cardano project? Will they maintain their position among the top cryptocurrencies with slow development? Let us know what you think in the comment section below.
