Charles Hoskinson, the founder of Cardano, has shared his vision that the Cardano network will eventually surpass Bitcoin and Ethereum in size and market dominance. He provided a timeline for when this transformation could occur, citing the network’s advantages, especially as it enters the Voltaire era, which gives it a significant edge over other Layer-1 networks.
Cardano’s Growth Potential
Hoskinson predicts that Cardano will become a larger network than Ethereum within 10 years and surpass Bitcoin within 20 years. He also mentioned that many governments will begin developing their own blockchain infrastructures in the next decade. For Cardano to surpass Bitcoin and Ethereum, ADA would need to exceed the market capitalization of BTC and ETH. Currently, ADA ranks 11th in market cap, while Bitcoin and Ethereum hold the top two positions, respectively.
Hoskinson believes that Cardano’s superior technology will gradually outshine other networks, particularly with its focus on decentralized governance and forward-thinking development strategies. He emphasized Cardano’s competitive edge, stating, “With on-chain governance, we have everything we need to solve any problem.”
Advantages of Decentralized Governance
Hoskinson highlighted the importance of decentralized governance, explaining that instead of focusing on aggressive marketing, Cardano aims to build a genuine community. He shared that Cardano’s long-term vision isn’t about short-term gains but about building a network that everyone can trust.
While the roadmap has progressed slowly over the years, causing some frustration within the community, Hoskinson reiterated that Cardano remains committed to creating a network free from reliance on central intermediaries and venture capital funding, a goal that distinguishes it from other blockchain projects.
Looking Ahead: Can Cardano Surpass Bitcoin and Ethereum?
Hoskinson’s comments have sparked debates among experts regarding Cardano’s growth potential. Many are closely watching how the network’s technology and community-focused approach will influence the broader market dynamics. Cardano’s ambition to outgrow Bitcoin and Ethereum hinges on its technological innovations and decentralized governance strategies. Whether or not this vision materializes will depend on the network’s adoption and market conditions in the coming years.
Stay updated with Dey There for more insights into Cardano’s future and its potential to shape the blockchain industry.
Cardano, Bitcoin, Ethereum, decentralized governance, ADA
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