Charles Hoskinson, one of the senior names in the blockchain industry, talked about an altcoin project that all countries can adopt for the next ten years.
Charles Hoskinson predicts states will adopt this altcoin project within 10 years
Cardano (ADA) founder Charles Hoskinson predicts that nation-states will adopt the smart contract platform within the next decade if anti-crypto forces do not stand in the way. Hoskinson said in his latest YouTube update that states will eventually need the Cardano ecosystem:
In five to 10 years, I can see a way in which states can be governed by technology like Cardano. I can see that Cardano could be used to run a national identity system with principles. Or a payment system with policies, or a CBDC with policies that protect you.
Hoskinson then talked about the obstacles that Blockchain technology may face on this path. He argued that if anti-crypto forces fail, Cardano will play a leading role:
If (cryptocurrencies) are left undisturbed, the Cardano ecosystem alone has enough resources to really facilitate and grow it. This is inevitable. We have a decentralized brain. We have our community. We are growing fast. In five or ten years we will wake up and there will be tens of millions of people. These people will be engaged and enabled, and they will have a treasure trove of being able to do that and find these use cases and deploy it.
Biggest hurdle: ESG movement
Despite the Cardano future he described above, Hoskinson warns that there are quite strong forces to hold back the progress of crypto and decentralization:
There is a movement right now, Choke Point 2.0, the globalist movement, the ESG that acknowledges that this model is the only thing standing in the way of the pyramid [Çevresel, Sosyal ve Yönetişim] movement. Because no one will embrace the pyramid if there is a better option.
Cardano roadmap updated
In recent developments from Cardano, the network’s Layer 2 scalability solution, Hydra, continues to receive further development on its way to the mainnet release. IOG’s latest weekly report states that the Hydra team is running a demo on the mainnet. The roadmap has also been changed:
As the first member of the Hydra protocol family, Hydra Head lays the groundwork for advanced deployment situations. Hydra aims to increase transaction speed by providing low latency, high throughput and minimal transaction costs.
Charles Hoskinson supports development of altcoin project
Cardano’s founder, Charles Hoskinson, recently congratulated the ecosystem on the latest news on Twitter. “The ecosystem continues to grow,” he wrote in a tweet. Good work to all.”
According to the current data, it is seen that 1,221 projects are currently built on Cardano and 119 projects have been launched. In related news, cryptocurrency and NFT tax provider CoinLedger announced its support for Cardano and launched its automated tax reporting service for its users. cryptocoin.com In this article, we have presented the ADA price predictions of Dan Gambardello, the founder of Crypto Capital Venture, during the week.
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