It's kind of like the Internet when the web browser came out. The problem with Bitcoin is it’s greatly limited in its capabilities: all you really can do is push around one type of instrument, bitcoin, and you can’t do cold payments, you can’t do contractual relationships, and so forth. It turns out that experiment was wildly successful and by 2013, Bitcoin was here to stay: it had a billion-dollar market cap, exchanges were forming, and infrastructure was forming. And the question was if you created this instrument called bitcoin, would it actually achieve market value, would people treat it like it was valuable, and would that be enough to sustain a completely decentralized network? Bitcoin was the first cryptocurrency, and the problem it was attempting to solve was being able to move value around the world in a completely decentralized way with no trusted counterparty. To understand that, you have to go back in time and ask what cryptocurrencies are and where they came from. What is Cardano, and what are your aspirations for the blockchain?Ĭardano is what we call a third-generation cryptocurrency.
Its native cryptocurrency, ADA, is the third most valuable crypto asset by market capitalization.Īpostolicas and Qi spoke with Hoskinson and Joel Telpner, Chief Legal Officer at Input Output Hong Kong, via Google Meet.
#CHARLES HOSKINSON VERIFICATION#
Cardano is a self-described third-generation blockchain, with use cases spanning from credential verification to decentralized finance to NFTs. Charles Hoskinson is the Founder of Cardano and CEO Input Output Hong Kong.
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