Sunday, January 24, 2021

Charles Hoskinson Discloses His Nine Favorite Crypto Projects Aside From Cardano

Charles Hoskinson, the CEO of IOHK, who doubles as the co-founder of Cardano (ADA) and Ethereum (ETH), has recently disclosed his nine favorite cryptocurrency projects, during an interview with Cointelegraph.

One could have expected Hoskinson to mention some top cryptocurrencies, such as Bitcoin (ETH), Ripple’s XRP, Litecoin (LTC) and others, but he rather went for barely known crypto projects with reasons.

StarkWare

StarkWare is one of Charles Hoskinson’s favorite crypto projects. The company was co-founded by Eli Ben Sasson, who was part of the team of scientists that founded Zcash. Its goal is to enable on-chain scalability via the use of zero-knowledge proofs.

This project impresses Charles Hoskinson, because of the part it played in realizing the improvement of Cardano (ADA) scalability.

He said, “Those are wonderful people and they’re incredibly smart people. And again, they’re allowing us to do amazing things with scale.”

Tezos

Tezos is a proof of stake blockchain governed by on-chain. It was established to provide the safety and assurance of code accuracy required, for assets and other high-value functionalities. Despite the criticism from the Tezos community towards Cardano (ADA) project, Charles Hoskinson still went ahead to praise the project.

He said, “I don’t really like their community too much because they’re so toxic and negative towards us and they just never seem to let an opportunity kick us when we’re down, escape. But overall, I do have a lot of respect for at least the philosophy and the technology that they’ve been deploying.”

Lightning Labs

Lightning Labs is building a second-layer solution for the Bitcoin network. The project aims at offering users a way to send and receive money more efficiently. The CEO of IOHK said he fully subscribes to Elizabeth Stark’s approach to development.

He said, “I have a lot of respect for Lightning Labs. <…> And that’s a good solution, if not for scalability, for interoperability between cryptocurrencies. And they seem to be easy enough to talk to, to collaborate with, and fairly open people, good people.”

Dash

Dash is a privacy-focused cryptocurrency project. Charles Hoskinson has this to say about Dash:

He said, “I have a lot of respect for the Dash community. I think they were one of the first to really prove out a cryptocurrency treasury and show the power of a treasury. And they even sponsored research at Arizona State University with it.”

Other crypto projects on Charles Hoskinson’s list are Ergo, ZCash, Dash, Algorand, Avalanche, and Basic Attention Token. See the details here.

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.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles