Could Cardano become the fundamental operating system of the world?
Cardano (ADA) co-founder Charles Hoskinson hasn't lost faith in his blockchain despite recent setbacks, pointing out its potential to become the world's fundamental operating system according to Alex Dovbnya in U Today.
In a recent video stream, Hoskinson stated that Cardano's main mission is to tackle a multi-billion dollar global trust crisis.
Hoskinson has argued that the primary issue plaguing modern society and global trade is the reliance on centralized institutions.
"The cost of establishing trust on a global scale runs into hundreds of billions just for well-regulated financial markets," Hoskinson explained. "The goal of our entire industry is to reduce or eliminate all these intermediaries globally.
Why can only Cardano succeed?
According to Hoskinson, Cardano is the only network with the necessary architecture to achieve this on a global scale.
He has identified four fundamental pillars that make the network completely unique: the Ouroboros consensus protocol, the extended UTXO accounting model, the modularity of associated chains like Midnight, and a decentralized governance structure.
$ADA
Cardano (ADA) co-founder Charles Hoskinson hasn't lost faith in his blockchain despite recent setbacks, pointing out its potential to become the world's fundamental operating system according to Alex Dovbnya in U Today.
In a recent video stream, Hoskinson stated that Cardano's main mission is to tackle a multi-billion dollar global trust crisis.
Hoskinson has argued that the primary issue plaguing modern society and global trade is the reliance on centralized institutions.
"The cost of establishing trust on a global scale runs into hundreds of billions just for well-regulated financial markets," Hoskinson explained. "The goal of our entire industry is to reduce or eliminate all these intermediaries globally.
Why can only Cardano succeed?
According to Hoskinson, Cardano is the only network with the necessary architecture to achieve this on a global scale.
He has identified four fundamental pillars that make the network completely unique: the Ouroboros consensus protocol, the extended UTXO accounting model, the modularity of associated chains like Midnight, and a decentralized governance structure.
$ADA