The CEO of IOG has predicted that Cardano will grow to become the most popular cryptocurrency
IOG (Input Output Global) is the business driving Cardano’s research and development, and its Co-Founder and CEO, Charles Hoskinson, made a daring forecast during his lecture at the Rare Evo 2023 event.
As Hoskinson put it: That is the task before us, and it’s also why I anticipate Cardano will overtake Bitcoin as the most valuable cryptocurrency. More than simply a cryptocurrency, in my opinion. I see it as the foundation of a new digital country and civilization, one in which people can start trusting one another again, and the phrase “don’t be evil” is replaced with “can’t be evil.”
Hoskinson has faith in Cardano’s future for a number of different reasons. He thinks the platform is superior to others like Bitcoin and Ethereum because of its emphasis on long-term viability, scalability, and interoperability. Cardano’s innovative design, which layers the settlement and calculation processes separately, increases both of these factors.
Hoskinson mentioned the Alonzo update, which included smart contracts, as a significant step forward for the Cardano community. Cardano’s usefulness and potential market size have been boosted by this update, which paves the way for decentralized applications (dApps) and decentralized finance (DeFi) initiatives.
Hoskinson also pointed out some of Cardano’s current initiatives in Ethiopia and elsewhere in Africa. According to him, blockchain technology has a great chance to make a difference in the real world in developing markets. Cardano is targeting emerging economies in order to address issues like identity verification and supply chain transparency that are less pressing in more developed nations.
At the same event, Hoskinson addresses the topic of luring top talent to the United States, with a focus on the emerging area of decentralized technology. He discusses the United States’ long history as a center of technical innovation, highlighting the contributions of organizations like Bell Labs, fiber optics, the C programming language, and Unix.
Hoskinson stresses that it wasn’t because everyone in the United States was a genius that the nation was able to accomplish these feats, but rather because it drew brains from all over the globe. He argues that the country’s most innovative companies and scientific breakthroughs would not have been feasible without the contributions of immigrants and experts from other nations. He cites the Manhattan Project as an example of how the United States was able to create the atomic weapon by providing a safe haven for scientists who had been banished from Nazi Germany.
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