Cardano (ADA) CEO Charles Hoskinsonwas the guest of a question and answer event at the Web Summit 2022 event held recently.
Hoskinson drew attention to a new danger that has been overlooked as the adoption of cryptocurrencies is increasing. Cardano CEO is deeply concerned about the emergence of a decentralized industry-identity conflict.
Blockchain The phenomenon speculates that the industry-identity war will accelerate in the next two years, but this will lead to a troubling situation if the decentralization of the crypto industry does not work properly.
“The next 24 months will be the most competitive period for the crypto industry. The smart contract competition is over. We will see identity conflicts in the industry in the coming period.”
“Decentralization Must Win”
Charles Hoskinson believes decentralization must prevail in this competitive environment that he expects to emerge in the coming months. It is noteworthy that Hoskinson made these statements after IOG created a new decentralization index.
The parent company of the Cardano project Input Output Global (IOG)announced last week that it will launch the world’s first blockchain decentralization index.
IOG, in partnership with the University of Edinburgh. Edinburgh Decentralization Index gave his name. The blockchain decentralization index aims to transparently measure how decentralized public blockchain projects are.
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