Cardano founder Charles Hoskinson: “Bitcoin's blockchain is frozen in one place”

According to the developer, the simplicity and success of Bitcoin, often compared to digital gold, has laid a solid foundation for it. However, apart from being a good means of saving, Bitcoin lacks adaptability and its practical applications limit its long-term growth potential. Whereas Cardano's infrastructure can be applied to international voting systems, payment and credit systems, and identification systems, Hoskinson assured.

The Cardano founder cited the example of large companies using modern technology, such as BlackBerry and MySpace, being displaced by more adaptable and versatile platforms. Hoskinson mentioned the upcoming Chang hardfork, which is set to change the network's governance structure.

“Bitcoin has stagnated. The only value it has is that it's big and successful. If Cardano realizes everything it envisions, no one will be able to compete with us. Because the Cardano blockchain has justified what BTC creator Satoshi Nakamoto started,” said the businessman.
Recently, Hoskinson emphasized the importance of effective management of crypto projects. According to him, Efirium could cease to exist precisely because of the underestimation of this factor. Earlier, the developer suggested using the Cardano blockchain to increase the transparency of vote counting in the US presidential election.