In an interview with Ryan Selkis of Messari, Charles Hoskinson, says that the biggest lie of the criptoverso is the network effect. In addition, the claim that Ethereum has created a network effect significant is far from being accurate.
“It is the biggest lie ever told in the criptoverso. It makes sense why this lie is spread so much, that Ethereum has achieved the network effect”.
Charles Hoskinson: “The biggest lie of the criptoverso is the network effect”
The CEO of Input-Output Hong Kong (IOHK), who also co-founded Ethereum, says that it can take approximately ten years before any platform of smart contract to achieve to build a dominant leadership in the space.
He believes, that it is useless to speculate on the network effect of Ethereum now, because the industry Blockchain is just beginning. Also, Hoskinson says, that the focus should be on metrics more substantive to win in the race Blockchain, how to solve real-life problems.
“To win, you have to think in terms of usability and experiences and that really help you to your user”.
However, despite the constant comparison with Ethereum, believes that there will be no winners in the space for a long time, since the industry is now in the same state that the Internet in 1991.
Five years of hard work
In the interview, Charles Hoskinson, analysed the effort made until now in the project. In the same way, the creator of Cardano said that it has been incredibly rewarding to see that the product of five years of hard work, finally come together at once.
As a result, this year has gone very well, as the company has met all the benchmarks and deadlines established. However, today, the speed and efficiency seem to be the only adjectives that could describe the developments in Cardano.
It is important to highlight that, IOHK organized the summit virtual Cardano, which will take place on 2 and 3 July. In the event, they will be heads of State and government officials, to members of the laboratory of research of Wyoming and business partners IOHK.
Charles Hoskinson with futuristic vision
However, both Hoskinson as the rest of the people who work in Cardano, you seem to be incredibly confident that you will be able to reap the success. It also raised big plans for the next two years, the first thing would be to focus on the issue of assets in Cardano.
The second thing will be to make a big play, the incorporation of the community of Haskell to the ecosystem of Cardano. Without a doubt, an influx of developers of Haskell experienced and ambitious, it would allow a system DeFi flourish in Cardano.
Finally, Hoskinson said that he would like to see people who manage sustainable business, on the servers of Cardano, an effort of adoption that probably will be in developing regions such as Africa.
The interview ended with a positive note, with Charles Hoskinson announcing a pleasant surprise that will be given during the summit virtual. Therefore, we will be on the lookout.