Cardano founder Charles Hoskinson is optimistic about the future of cryptocurrencies despite the setbacks. He still expects a high rate of Cardano adoption in Africa this year. The Ethereum co-founder and founder of Cardano recently appeared as a guest of Elisha Owusu Akyaw on Episode 14 of Cointelegraph’s Hashing It Out podcast. He was here to discuss the current state of the crypto industry and dive deeper into Cardano. Hoskinson offers his perspective on recent industry events, cryptocurrency adoption in Africa, and more. He also discusses some issues related to Cardano, including delayed updates.
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The show begins with Hoskinson explaining why Cardano had to be made. Hoskinson explains that creating a new network means restoring the network effect. But it does give you the unadulterated view needed for what Cardano is about to do. As for the current state of the network, Hoskinson acknowledges that getting things done takes time, as about 85% of the original schedule is complete:
“It took Cardano seven years to go from an idea to an ecosystem. We’ve already seen some big hits like in the NFT space.
The founder of Cardano cites the multi-chain nature of the industry. Hoskinson says basically everything is multichain, even if it starts with Ethereum or Cardano. He believes that to stand out from the different blockchains, when you launch the right product, you need to provide a great user experience and you need a “smoother” onboarding process.
The way forward is Africa
Cardano has been criticized in recent years for persistent delays and network updates. Hoskinson attributes these setbacks to “misguided technology decisions and ambitious planning”.
Another area of interest for most project followers: the partnerships and collaborations between Cardano and projects in Africa. Hoskinson clarifies that there are several lessons to be learned from dealing with corruption and geopolitical tensions.
The founder of Cardano also says he has come to the conclusion that it makes more sense to do business with companies and individuals than with governments. He wants to expand Cardano’s influence on the continent from East Africa to West Africa, with a focus on Ghana.
Source: Btc Direct

Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.