Cardano CEO said ADA will be more decentralized than BTC from x50 to x100
Cardano’s founder and CEO Charles Hoskinson had an interview which he specifically stated that Cardano (ADA) will become the most decentralized cryptocurrency in the world, plus that it will be 50 to 100x more decentralized than the first and largest digital currency, Bitcoin.
The full conversation between Cardano CEO and Cointelegraph’s interviewer.
The Cardano ecosystem is currently in preparation for the coming of system overhauling projects in 2020. The hard fork is scheduled to happen in February 2020.
The integration of Shelley incentivized testnet into mainnet to recognize the whole decentralization of the Cardano network is also scheduled to play out in 2020.
All these puts together have been giving CEO Charles Hoskinson the confidence and roughly all the Cardano (ADA) enthusiasts regarding the future prospect of the cryptographic project.
Will Cardano (ADA) become the “most decentralized cryptocurrency in the world”?
Charles Hoskinson had a conversation with Cointelegraph’s Kristina Corner at the CV VC Crypto Valley Summit at Davos 2020.
In the interview, he talked about decentralization, government regulations, digital commercial systems, protocols, advances in blockchain technology, and whether proof-of-stake (POS) will beat proof-of-work (POW) as the economic paradigm of the cryptocurrency industry.
He also continued by discussing the advancement of his cryptographic project, Cardano (ADA), and what users can expect of the project in 2020, as new developments set in one at a time in the ecosystem.
He then confidently claimed in the conversation that Cardano will be the most decentralized cryptocurrency in the world and 50 to 100x more decentralized than Bitcoin once the upcoming upgrade is finally implemented.
Hoskinson believes that the hard fork consists of the implementation of the Ouroboros tolerance consensus protocol. Following the hard fork, the protocol will undergo a series of additional upgrades that would turn Cardano (ADA) to the most decentralized cryptocurrency in the world.