In a Tokyo tête-à-tête with Sarah Yun of Humans by Socious, Charles Hoskinson—the maestro behind Cardano—unveiled the blockchain’s grand design, its community-driven governance, and the meticulous research that fuels its engine. While the chat meandered through Hoskinson’s past and Cardano’s odyssey, it also dropped a bombshell: Bitcoin’s liquidity and decentralized finance, he believes, are the dynamic duo of the future. 🚀
Hoskinson’s pièce de résistance? Cardano’s on-chain treasury system. “We’ve got a $1.5 billion treasure chest,” he boasted, “and if you’re holding Bitcoin, Ether, or Solana, tough luck—you don’t have this. But we do. Plus, we’ve got on-chain governance. The tech? Rock solid.” 💎
He waxed lyrical about Cardano’s decentralized governance, contrasting it with the shadowy backroom dealings of other blockchains. “Most ecosystems squabble in private. We? We air our dirty laundry in public. That’s why we’re stronger,” he quipped. 🧼
Admitting that Cardano’s development was slower than a snail on a leisurely stroll, Hoskinson blamed the project’s obsession with peer-reviewed research and formal methods. “I overestimated the pain of writing academic papers and underestimated the engineering nightmare,” he confessed. 📚
Yet, he argued, this painstaking approach gave Cardano a scientific backbone stronger than a Russian winter. The blockchain’s “extended UTXO” model—a twist on Bitcoin’s transaction structure—allows for more advanced smart contracts. “With BitVMX FORCE, we’re enabling Aiken, Plutus, and other languages to write Bitcoin and Cardano smart contracts. We’ve got the off-chain infrastructure nailed,” he added. 🔗
Hoskinson didn’t mince words when comparing Cardano to Ethereum and Solana. “We’re not going anywhere. The chain isn’t going to be worthless. Our culture? That’s our secret sauce,” he declared. 🌍
He painted a picture of Bitcoin DeFi as the “largest market opportunity of our lives,” with Cardano as the linchpin. “Bitcoin DeFi will explode when BTC starts chatting with other chains. They’ve barely scratched the surface with Stacks, Babylon, and others. There’s already $5.8B in TVL,” he explained. “Cardano is the best system in the world to enable Bitcoin DeFi. Not Solana, not Ethereum. Why? Because we’re EUTXO. Bitcoin developers get it instantly.” 💡
At press time, ADA was trading at $0.64. 📉
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2025-04-15 14:13