The founder of Cardano (ADA), Charles Hoskinson, believes that ADA will become the first cryptocurrency to hit a trillion dollars in the future. He further revealed that if that is achieved, it means he and his team has effectively developed a self-sustaining network that will stand the test of time.
Hoskinson, who doubles as the CEO of Cardano, pointed out that he is a man full of ambitions and daring plans. Furthermore, he notes that those qualities are beginning to manifest in the ADA project.
While many see ADA tokens just as a way to profit financially by selling, buying [trading], Charles Hoskinson mentioned that he has high hopes that users will find the opportunity to use the coins in real life.
He envisions to break the confinement of this token which is limited to the trading activities such as buying and selling. He said,
“I would love to see Cardano as the first trillion dollar cryptocurrency and the reason being is that that would effectively mean that we have built a self-sustaining economy.”
In a session with EMURGO, a special ADA blockchain-based incubator for startups, Hoskinson reiterated his determination and resolve to bring out the best in ADA. Similarly, the co-founder of Ethereum said that Wall Street venture capitalists would bring trillions of dollars to virtual currencies. He also argues that cryptocurrencies are the greatest inventions between now and 1000 years ago.
Coming to EMURGO, Hoskinson said that he hopes to see the startups that EMURGO produces to become leaders of thought. He added that achieving this will enable them to offer useful services both to companies and smart contracts. Hoskinson also said that an enormous part of the philosophy will be addressing issues stemming from decentralization.
The development team of Cardano particularly focuses on upgrading its technology. In the words of Hoskinson,
“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.”
Charles Hoskinson has further added,
“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.”
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