The dream of getting a better cryptocurrency other than Bitcoin (BTC) and Ethereum (ETH) is about to come true in the next one year according the Cardano (ADA) Founder Charles Hoskinson. This comes barely a few days after the coin hit the headlines after being ranked the seventh by market capitalization.
The Cardano (ADA) public launch seems to have been the long awaited catalyst to spur the coins hidden potential. Looking at the historical data for the last few months, ADA has undergone turbulent times and its recovery is yet to be noticeable. The gains shed during the January-February market crash are yet to be recouped.
Cardano (ADA) Founder Interview
The size of any cryptocurrency is based on its market capitalization and the underlying infrastructure. For several months, Cardano has been concentrating on its technology despite the controversy surrounding the coin. Bitcoin (BTC) and Ethereum (ETH) have always dominated the market due to their sizeable market cap and this is what Cardano is set to upset in one year’s time according to Charles Hoskinson.
Asked to justify Cardano worth to be in the seventh position at the moment, Hoskinson’s answer was crisp clear;
“Why is anybody worthy of their positions in the market cap? Bitcoin is advertised as a payment system and a means of exchange, and then everybody who’s ever tried to use it for that, it’s been a miserable failure. They usually stop taking it, or they find ways to take cash, and through a creative structure like what Bitpay has done. Ethereum claims to be a world computer, but then CryptoKitties breaks it.”
Despite the speculative nature of the cryptocurrency markets, all coins have one thing in common; changing the world. However, this dream cannot be achieved if the current systems are not innovative and consumer centric.
Cardano (ADA) Growth Outlook
According to the founder, the growth outlook of Cardano (ADA) is based on the people’s opinion. The ADA adopter is looking at the team, philosophy and science behind the network. “The way the ecosystem goes about doing its business is what makes it earn the current positive reputation of becoming the market leader and contender”, he adds.
To the founder six month to a year should make Cardano a force to reckon with and will emerge better than Bitcoin and Ethereum. The rolling out of the roadmap and the ability to scale and shard are some of the factors that are set to turn around the sleeping giant.
Cardano (ADA) route to the market is clearly cut out and Hoskinson see a platform that will be used for the next 50 years. On this, he clearly states that Cardano is venturing into virgin markets in Africa, South America and the Caribbean. To this end the coin will complement other developing world financial systems.
Cardano (ADA) Upcoming Security Features
During the interview, Hoskinson argued that security begins by ensuring the crypto you invest in is right and the protocols are designed using the best industry practices. Using the peer review concept, the system is secured. This is in addition to the Ouroboros proof-of-stake.
Education the user on how the system works through meet-ups, podcasts and publications will go a long way to secure the system. Once users are clear on how the Daedalus works and the benefits of cold storage, the issues of security breaches will drastically reduce.
The introduction of multi-sing hardware and paper wallets will make the system secure and users will be able to interact with their online wealth without worries. Once these are implemented they will spur adoption and increase the ADA value in the near future.
Cardano (ADA) Listing on Bittrex Exchange
Getting listed on the Bittrex exchange is a huge milestone for Cardano (ADA) and has seen increased ADA volumes being pushed into the market due to the exchange trust and global appeal. Asked whether they are getting ADA listed on other exchanges, the Cardano founder argues that with a completely new code and it might take a while before ADA is listed on more exchanges.
Listing Cardano in many exchanges before being released to the public would have made optimizing wallets afresh to accommodate the very many exchanges. However, this is the right time to go flat out and get listed. Deployment on exchanges talks is underway and better times are coming the Cardano (ADA) way.
The Cardano founder believes that the platform progress is on course and in a matter of it, it will beat Bitcoin and Ethereum in term of market capitalization, functionality, user experience and now working on the global appeal and reach.