CEO and founder of Cardano lacks no confidence in his project – he is positive his coin will beat Bitcoin and Ethereum in one year. Hoskinson made the statements as ADA sits in top 10 of coinmarketcap rankings – on the 7th position by market capitalization.
Despite that the whole market is in the green today, the all time highs for almost all coins are far away. So the gains that were shed away are yet to be won back.
Charles Hoskinson Justifying Cardano Future Position
The team behind Cardano coin is known as highly academic with absolute focus and priority put on its technological aspect of their crypto story. Ethereum and Bitcoin are long-time leaders in the market, but that is poised to be changed according to the CEO.
“Why is anybody worthy of their positions in the market cap? Bitcoin is advertised as a payment system and a means of exchange, and then everybody who’s ever tried to use it for that, it’s been a miserable failure. They usually stop taking it, or they find ways to take cash, and through a creative structure like what Bitpay has done. Ethereum claims to be a world computer, but then CryptoKitties breaks it.”
Speculation is dominating force in cryptoverse but once you overcome that part, there are actually hard-working people who are really trying to change the world for the better and not only get rich quick. Hoskinson and the team around him are obviously in the hard-working category as he further notes:
“The way the ecosystem goes about doing its business is what makes it earn the current positive reputation of becoming the market leader and contender.”
The User and Security
Judging by the comments from Charles H. we are about to see ADA‘s full impact in 6-12 months. They are currently working on making the network totally decentralized with optimal scalability options already implemented.
When it comes to security, Hoskinson continued with that it begins by making sure you invest in the crypto that has the protocols implemented and are best in the ecosystem. ADA is labeled by many as the first crypto-project born from scientific philosophy based on academic research, peer-reviewed work and software developed on open source standards.
Once users are clear on how the Daedalus wallet works and the benefits of cold storage, the issues of security breaches will drastically reduce. The name of Cardano’s e-Wallet is Daedalus, one of a kind in the market. It gives users the ability to activate decentralized applications within the cryptocurrency’s Blockchain. So, it will be one of the most innovative, safe and versatile coin wallets in the market.
