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Ready For the Future: Hoskinson Says Cardano Can Support a Billion Users

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Charles Hoskinson, CEO of IOHK, the developmental arm of Cardano, stated the company had developed the ideal “world financial operating system” capable of supporting a billion users.

Hoskinson made these remarks in Ireland during the Last AMA Video Section while in talking to the world-class marketing firm McCann, which works with major brands including Coca Cola and Microsoft.

The CEO said despite developing world-class blockchain infrastructure, he is dissatisfied with the current status of the Cardano cryptocurrency. He said that it is time for the cryptocurrency to move from behind pack and stop being viewed as only an experimental project.

Hoskinson said that they have decentralized a lot of infrastructures and promised that the Cardano network would completely be decentralized by the end of the year.

Cardano recently announced they have successfully completed the snapshot of their upcoming shelly testnet. The testnet will reward Cardano users in ADA coins for storing the coins in their official wallets. 

Hoskinson referred to this release as the milestone to recently be achieved by Cardano and added that it would be issuing its first major release next week.

Cardano also released Shelly network as part of the Cardano road map, which the company said will usher in a period of growth and development for the network.

“The Shelley era represents the natural maturation of the network, making it more useful, rewarding, and valuable for users new and old. It’s also about preparing for the future.”

Cardano recently experienced a 24% price surge after releasing AdaPay Solution in partnership with Fintech Company COTI. Cardano Foundation stated: 

“This solution allows merchants to accept payments in ada with a near-instant settlement into 35 fiat currencies directly into their bank accounts.”

Hoskinson said that the team at Cardano had taken a lot of time to develop, and that is why it is different from other cryptocurrencies that are everywhere.

Hoskinson stated that he is proud of their team and their research work, despite criticism of taking a long time to develop their framework and uncertainty in their vision. Hoskinson said that he has never been doubtful of their work and also invites critics to sit and watch as Cardano enters its winning phase.

Anna Larsen
Anna Larsen has been a Crypto enthusiast since 2016. Fascinated by the technology and its usecases she decided to pursue a career in content creation related to this space. The journey has been exciting ever since.

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