Markets

Cardano founder predicts what next blockchain innovation

Charles Hoskinson, the founder of Cardano, gave a strong message about where Blockchain is going to the ongoing Paris Block Chain Week. Speaking to the audience, he called for the industry to move past the old habits and focus on a permanent value that serves everyday people, not just the technique's inner circle or early introductions.

Fourth generation of chip chain innovation

Charles Hoskinson said the blockchain industry is entering the fourth stage. He explained that the early days were related to bitcoin and decentralization. Later, smart contracts and efforts came to improve how fast and large systems could grow. Now this fourth stage has to solve the challenges of the real world on a scale.

He claimed that blockchain should not be just for some people who understand the code or finance. It must be reliable, safe and used by billions. He pointed to the model based on Cardano's research as a key part of this mission. The recent Airdrop, related to Midnight Sidechain, which may cover 37 million users, shows how serious this goal is.

It is important to add that Hoskinson believes that some platforms may not survive the next block chain. For example, Coingape previously announced that Hoskinson predicted that Ethereum could fall together Over the next 15 years. According to him, technology is outdated and is not built for long -term use.

But some market participants think differently because Ethereum intends to run it Pectra version update May 7. It is assumed that an upgrade will increase significant development throughout the entire chain chain network.

Charles Hoskinson on privacy, decentralization and interoperability

It is worth noting that more people have begun to use Blockchain's daily settings such as health or shopping. Cardano's founder believes that privacy and identity protection will become more critical.

He also pointed out that the chip circuits have to connect, especially in the supply chain and the logistics industry.

The lack of standard rules and security problems are still the main challenges. According to Hoskinson, they are the obstacles needed to create a stronger future.

Connecting Tradfi and Defs: New Focus

At the event, Charles Hoskinson also mentioned this traditional and decentralized finance Must stop behavior like competitors. Instead, he suggested that they merge with what he simply calls “FI”. According to him, this model could help Blockchain earn public confidence by following the rules of the real world.

Coingape previously announced that Hoskinson believes that the future of finance is already emerging. For example, Cardano recently outperformed several S&P 500 companies and some analysts predicted this Ada can reach $ 10To.

If such results are realized, the investor's focus may be shifted if Tradf and Defi updates will effectively harmonize. As of writing, Coinmarketcap data shows Cardano (ADA) trading of $ 0.6856, which is 3.69%in the last 24 hours.

✓ Share:

Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who enjoy writing about the actual applications and innovations of blockchain technology to control the general acceptance of evolving technology and global integration. His desire to educate people from cryptocurrencies inspire his contribution to well -known block chains and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow her on XTo do, LinkedIn

Obligations: The content presented may include the author's personal opinion and is subject to market conditions. Do your market research before investing in cryptocurrency. The author or publication is not responsible for your personal financial loss.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblocker Detected

Please consider supporting us by disabling your ad blocker