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According To Hoskinson, Projects Like Cardano Will Be As Mainstream As The Internet

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Cardano founder Charles Hoskinson elaborated on the project’s vision, claiming that the network will spread and take shape in the same way that the internet did.

Cardano is building systematic protocols that will take decades to adopt, according to Hoskinson, who also stressed that the platform is not after short-term hype.

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According to Hoskison, the Cardano project’s mentality is not limited to what it has already accomplished, as the team continues to explore ways to improve.

“Projects like Cardano were and still are the antithesis of this mentality. We’ve always chosen a systematic, patient, and refined process that moves publication by publication, release by release instead of chasing hype and the latest cycle. Our view is that these protocols will be as ubiquitous as the internet and be used by billions. This scale of adoption will take years to decades, not weeks to months, and won’t be a meme. Ultimately it’s the long game that matters,” said Hoskinson.

Cardano

Hoskinson, who used the blog post to highlight the difficulties of running a business while also managing a personal life, stated that being a leader in the crypto sector is a difficult task. He mentioned that, despite being in the industry for a decade, it can be difficult to keep up with the constantly changing crypto landscape.

His sentiments are attributed to Cardano’s ongoing network development, which is aimed at pushing the network into mainstream adoption. Among the notable developments is the implementation of smart contract functionality.

Already, the feature is proving popular. According to our most recent report, the number of smart contracts based on Plutus, a Cardano-based smart contracts platform, stood at 888 as of December 8th. In addition, the platform introduced a new peer-to-peer (P2P) testnet to facilitate full network decentralisation.

The ability to facilitate financial inclusion in the developing world is critical to Cardano’s network adoption. In a recent interview with the Harvard International Review, Hoskinson stated that Cardano’s target audience includes billions of unbanked people in the developing world.

Aside from financial inclusion, the Cardano network is focusing on education. Cardano’s parent company, Input-Output, signed a deal with the Ethiopian government earlier this year to develop an educational performance tracking system.

In general, Hoskinson, a co-founder of Ethereum, has stated that the crypto sector is here to stay and has a promising future. He believes that as cryptocurrencies grow in popularity, the technology will be used to realise the Metaverse concept.

According to the mathematician, Metaverse will be a “humongous product category” for cryptocurrency, as the sector will most likely include features such as the control layer.