The CEO of Cardano, Charles Hoskinson, recently spoke about how Cardano is expected to rise soon and become “the most predominant force by 2020” as he said. From the daily altcoin news, we all know that Cardano and its token ADA have been growing and were described as one of the most innovative blockchain networks in the country.
However, the CEO of Cardano recently decided to step up and say how he hopes that ADA will be the most predominant force in the crypto space by the end of 2020. Hoskinson revealed that with the launch of the much-awaited ‘incentivized testnet’ the team behind ADA learned a lot about stake pools and the business of maintaining a cryptocurrency all while creating stability.
In his latest AMA session, Hoskinson spoke about the future Cardano news and said that 2020 could indeed be the year for ADA, adding:
“We are especially interested in investing resources at IOHK and our partners at EMURGO and the Cardano Foundation [are] investing a lot of time to make sure that we fully understand. And as we exit 2020 and we go throughout the decade this is something we do continuous research in and the better we get, the better the feedback loop becomes, the faster we can grow and get to those billion users and become a true social operating system that is beneficial to everyone in the world.”
Cardano is expected to be a predominant force as he said, and the three crucial things that need to be aligned for it to “displace” Bitcoin and achieve the coveted number one include commercialization, incentives and technology.
Hoskinson admitted that all cryptocurrencies came into existence because of Bitcoin as the oldest coin. He also said that this coin will always be valuable – but also that the Cardano platform will be a place which caters to the people wanting to build their dApps on a platform that people want to store value on.
As his final note, Hoskinson said that the Cardano ecosystem this year will focus on collaborations. He also said that the Ourobouros BFT will be rolled out by February at the latest.
At press time, ADA is at the 12th position on the market and trading at $0.034.
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