Charles Hoskinson, Cardano's founder, believes Cardano could overtake Bitcoin.
In a podcast with Altcoin Daily, Hoskinson shared his vision for Cardano surpassing Bitcoin.
Cardano’s Mission and Competitive Edge
He highlighted Cardano’s mission to revolutionise economic, political, and social systems.
Cardano's ability to absorb technologies from competitors adds to its competitive edge.
Technological Evolution
Hoskinson compared Cardano’s potential growth to historical tech shifts, like BlackBerry and MySpace being overtaken by newer platforms.
He criticised Bitcoin's static development, stating it lacks adaptability.
Bitcoin vs Cardano
While Bitcoin serves as digital gold, its utility is limited.
Cardano aims to provide infrastructure for global voting systems, payment networks, credit systems, and identity frameworks.
Importance of Governance
Effective governance is crucial for blockchain success.
Hoskinson discussed the upcoming Chang Hardfork, introducing a comprehensive on-chain governance system and a $1.5 billion treasury.
Conclusion
Hoskinson predicts Cardano's mission and adaptability might challenge Bitcoin’s dominance, but governance and technological evolution will be key factors.