Charles Hoskinson recently shared his thoughts on the current state of the crypto industry and took a deep dive into Cardano, addressing issues surrounding the network, including delays in updates.
Hoskinson began by explaining the need to create Cardano, stating that a new network allows for an unadulterated vision, which is necessary for what Cardano intends to do.
He also acknowledged that it takes time to get things done, with about 85% of the initial roadmap completed, saying “It took seven years for Cardano to grow from an idea to an ecosystem. We have already seen some huge wins like the NFT sector.“
Hoskinson acknowledged the multichain nature of the industry, stating that everything is going multichain, even if it starts on Ethereum or Cardano.
He believes that to stand out among the various blockchains, you need the right product-market fit, great user experience, and a “softer” onboarding process.
Addressing criticisms surrounding delays and network updates, Hoskinson attributed these setbacks to “betting on the wrong technology and being a bit ambitious with the roadmap.“
Another area of interest for followers of the Cardano project is the partnerships and collaborations between Cardano and projects in Africa.
Hoskinson shared that he has learned several lessons after dealing with corruption and geopolitical tensions, concluding that it is more reasonable to deal with companies and individuals rather than governments. He plans to expand Cardano’s reach on the continent from East Africa to West Africa, with Ghana as a prime focus.
