Charles Hoskinson Gives Predictions For Cardano In 2019

[PRIBO247]

CryptoPotato recently sat down with the co-founder of Ethereum
and the founder of the popular cryptocurrency Cardano, Charles
Hoskinson to discuss recent events in the crypto space. During the
interview with IOHKs CEO, several topics were brought up
including what makes Cardano different from everything else, the
blockchain potential in Africa and the current state of blockchain
protocols.
The first question that Hoskinson was asked was how Cardano is
different from Ethereum and what makes it unique. To this, the co-
founder said:

“When I was working at Ethereum, we had a lot of options ab
how much innovation we wanted to put forward. We cre
Ethereum with the idea that if we have a programming langu
attached to a blockchain, this could push out more complic
financial transactions and we would see what the space would
with that. We assumed that we would see a rehash of what
been done with Namecoin, Mastercoin, and Colorcoin – that w
form the dominant use case for Ethereum for the next 4-5 ye
And to a certain extent, we were right.”

Furthermore, Hoskinson added:

“There is definitely room to keep the innovation going, take w
we’ve developed with Ethereum and architecturally br
Ethereum apart. Then, develop two different independent syste
one is accounting, and the other is computation. So basically,
taking the lessons we’ve learned from Ethereum and from stud
Bitcoin and building a multi-layered system.”

A later question, Hoskinson was asked was regarding Cardano’s
involvement in blockchain adoption for Africa and he was asked to
explain more about this.

“Talking about supply chain management, right now we have
office in Addis Ababa (Ethiopia), and we are doing a lot of rese
on how to get coffee farmers into a blockchain setting. The l
government is quite keen on figuring out how we plan to take
million and a half Ethiopian coffee farmers and get them di
credentials. The next step is to model how coffee goes through
entire supply chain.”

In addition to this:

“So, the minute you can put these farmers into an immut
ledger like Hyperledger Fabric or Enterprise Cardano, they
have a real connection. This means that you can connect to
side chain and use Cardano for lending, remittances, insuranc
any of these types of financial products.”

Finally, Hoskinson was asked about where he sees Cardano going
next year

“In 2019, we are planning to catch up regarding functionality
utility, and at that point, we can release some protocols and s
the market how it gets done. We’re already starting to se
change in the industry from a research standpoint. For exampl
was at CCS, a cryptographic conference in Toronto. Usually, yo
go there and only see cryptographers. But I saw cryptocurre
companies as well, and they were presenting their research.”

Hoskinson finally adds:

“If we succeed, the only way to compete with Cardano will b
emulate our engineering, which means that the software qu
will dramatically increase in the entire space. If that’s our
accomplishment and Cardano doesn’t become a commer
success, that’s still great because it makes the world a be
place for everybody.”

Hoskinson also said that he is hoping that Cardano will stay very
competitive and that it will hopefully get back in the top five
cryptocurrencies in terms of the market cap next year too.

https://cryptodaily.co.uk/2018/12/