Input Output (IOHK) CEO Charles Hoskinson says he has a strong feeling that Cardano (ADA) will be the leading cryptocurrency of the future.
During his keynote address at the Rare Evo 2023 event in Denver, Hoskinson tells participants that Cardano, which is currently the eighth largest digital asset by market cap, will surpass Bitcoin (BTC) and Ethereum (ETH) because he believes it has a higher level of scalability and interoperability.
“People are scared of decentralized governance because they view it as something that takes away, but I’ve never believed that… I think if you give people a chance to rise up and show you who they are, what they can do, they will do amazing things, so that’s our challenge and that is why Cardano, I feel, is probably going to become the biggest cryptocurrency in the world.”
The Cardano founder says the smart contract platform also has the potential to replace out-of-date parts of societal infrastructure, like voting in any banking system.
“I think it’s going to become more than a cryptocurrency. I think it’s going to become the backbone of a new digital nation, a new society, a place where we can finally begin to trust each other again… A place where we do our voting, a place where our money lives, a place where our digital life lives and every dimension and aspect of it because we deserve that.”
ADA is currently trading for $0.26, up by 0.64% over the last 24 hours.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/gg_tsukahara/Mingirov Yuriy