By Tobi Loba
Charles Hoskinson, the CEO of IOHK has stated that the 7th largest cryptocurrency by market capitalization, Cardano (ADA), has been proving those with bearish contrarian position wrong.
In a recent video, Hoskinson showcased his belief about Cardano (ADA) securing its spot as a leading smart contract platform.
He stated that the fundamentals of Cardano are thriving and his team of developers will not cease coming out with new innovations to break new grounds in the nascent industry.
According to Hoskinson, the cryptocurrency community at large will greatly benefit from the advancement of Cardano as the team builds with the hope of taking the crypto industry to a new level.
The founder of Cardano also raised solidarity for unity among the cryptocurrency enthusiasts, believing that only this can protect the future of the industry.
Hoskinson said:
“Here’s the reality, we had the Shelley summit and it showed the world that those who took a very bearish contrarian position on Cardano are wrong. We, as an ecosystem, are here to stay. We’re gonna keep growing, we’re gonna keep delivering, and we’re gonna have a great product and market, and we already have a great product to market.
“We are leaving behind foundations that will fundamentally transform the way things work in our industry and hopefully the world. We’re showing people how to do liquid democracy. We’re showing people how to do blockchain-based governance. We’re showing people how to do a much better UTXO model…
“It’s the smart cow effect. Once one smart cow figures out how to open up the paddock, all the cows get out. Similarly, once one company knows how to do this, this becomes knowledge of the commons, so every single project benefits from that.
“It’s okay to disagree and we should disagree, but we should then be productive about the disagreements and talk a lot about trade-offs and what we value versus what other people value.
“Because we have different values, we’ll discover that it’s not that we’re disagreeable. It’s rather that we just think and look at the world a bit differently. Perhaps this is too much to ask, but if we want to be successful, if we truly do want to see our ecosystems become trillion-dollar-plus platforms with hundreds of millions of users and taking over the elections of countries, this is the entry requirement. It is a standard we have to meet as an industry.”