Sunday, January 24, 2021

Cardano (ADA) will be 50 to 100x More Decentralized Than Bitcoin –Charles Hoskinson

The CEO of Cardano, Charles Hoskinson, was in an interview with the major crypto news outlet, Cointelegraph moments ago.

There he specifically stated that Cardano (ADA) will become the most decentralized cryptocurrency in the world, adding that it will be 50 to 100x more decentralized than Bitcoin, the first and largest digital currency.

Obviously, the Cardano ecosystem is in preparation for the emergence of system overhauling projects in 2020. The hard fork is scheduled to play out in February 2020.

The integration of Shelley incentivized testnet into mainnet to realize the total decentralization of the Cardano network is also scheduled to play out in 2020.

All these put together have been boosting the confidence of the CEO Charles Hoskinson and virtually all the Cardano (ADA) enthusiasts regarding the future prospect of the cryptographic project.

Cardano (ADA) will become the Most Decentralized Cryptocurrency in the World

Charles Hoskinson, the founder and CEO of Cardano (ADA) was in a conversation with Cointelegraph’s Kristina Corner at the CV VC Crypto Valley Summit at Davos 2020.

In the interview, Charles talked about decentralization, government regulations, digital commercial systems, protocols, advances in blockchain technology, and whether proof-of-stake will overtake proof-of-work as the economic paradigm of the cryptocurrency industry.

Charles also furthered by talking about the advancement of his cryptographic project, Cardano (ADA), and what to expect of the project in 2020, as new developments set in one at a time in the ecosystem.

He then declared in the conversation that Cardano will be the most decentralized cryptocurrency in the world and 50 to 100x more decentralized than Bitcoin once the upcoming upgrade is finally implemented.

Charles Hoskinson believes that the hard fork consists of the implementation of Ouroboros tolerance consensus protocol …following the hard fork, the protocol will undergo series of additional upgrades that would turn Cardano (ADA) to the most decentralized cryptocurrency in the world.

Watch the Charles Hoskinson interview with Cointelegraph below:

Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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