Charles Hoskinson: Cardano (ADA) is taking a different path than Bitcoin and Ethereum

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2021-08-30 07:52:24

Charles Hoskinson shared in an interview that while Cardano (ADA) has a lot in common with Ethereum (ETH), the two are in fact going on very different paths.

Charles Hoskinson: Cardano (ADA) is taking a different path than Bitcoin and Ethereum

In a recent interview, the comparison between Cardano (ADA) and Ethereum (ETH) was one of the hotly discussed topics. Also here, Charles Hoskinson – founder and CEO of Cardano – said the following:

“Vitalik’s Ethereum project has done a phenomenal job with what they’ve done. They have built an interesting community and a great cryptocurrency. I just happened to disagree on business philosophy and you can see those disagreements in Cardano. We are going down a very different path.”

The Cardano founder also prides himself on his “relationships” and long-term vision for the blockchain and cryptocurrency industry. For more information, readers can refer to the following article:

See more: Cardano (ADA) shares strategic goals for the next 5 years

Besides, Charles Hoskinson also used the example of Bitcoin “worthless in 2009 and then very valuable in 2013” to better confirm the path that Cardano is going. However, according to Hoskinson, Bitcoin still has a lot of big problems such as:

“You can’t do much with it, you can only push value, you can issue tokens. However, you cannot execute smart contracts, you cannot do anything. Similar to the early days of the Internet, with a web browser – you can only view static pages”.

Cardano is an advanced blockchain and is actively expanding the ecosystem. The project’s advancements in Africa certainly made a lot of sense when it was first released. As mentioned recently, IOHK’s “Africa strategy” aims to promote the adoption of the Cardano blockchain in Africa for the daily lives of people and businesses alike.

These combined goals such as promoting cooperation with local authorities in delivering projects that solve real problems in the market. There is also another goal of training and educating some local developers to be able to create solutions to local problems. Such as the Ethiopia Blockchain Agreement. With this development, schools in Ethiopia will use the Cardano blockchain to track student performance.

So, when combined, do these factors affect the popularity and value of ADA in the market? Cryptocurrency analysts have offered different views, but in general they are all very optimistic.

For example, analyst Benjamin Cowen in a video predicted that the price of ADA will most likely hit $20 in this bull cycle. In addition, according to data from Google Trends, interest in ADA is huge as the search term “buy Cardano” hit a three-month high.

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