Crypto: Is Cardano (ADA) really ready for mass adoption?

Charles Hoskinson, the founder of Cardano (ADA) says he wants to build one of the most efficient ecosystems in the crypto industry. The goal is to revolutionize decentralized finance and accelerate financial inclusion around the world. To achieve this, blockchain developers recently made a major update, the Vasil hard fork. Earlier this week, Hoskinson announced that a new project is in the works. This will promote decentralized governance and bring the network into a new era. A set of approaches that not only appeals to members of the Cardano (ADA) community, but the entire industry. But is all this enough to stimulate mass adoption, as intended by the creators of the blockchain?

A solid project

A few days ago, Charles Hoskinson, founder of Cardano (ADA), granted a interview to Ryan Selkis, founder of Messari. The interview took place during Mainnet 2022 in New York. It is a conference organized every year by Messari, the leading provider of market intelligence products, which help professionals to grow in the world of crypto and Web3.

During the exchange, Hoskinson was satisfied that he had built a crypto community and ecosystem ready for mass adoption. He indicated that there is a “huge appetite” for the Cardano Development Strategy (ADA), which charts the course for this adoption. He explained that at each stage of development, the players took the time to build a project that respects the initial ambition to revolutionize decentralized finance. A slow strategy, but steady.

“Each step of the process with Cardano, we just said we were going to start from something that makes sense (…) And it will probably be something that works and is on a global scale”he said.

Cardano can attract billions of users

According to Charles Hoskinson, there is a strong request for serious and well-constructed projects, especially in bear market times. And in the crypto industry, Cardano (ADA) is undoubtedly one of the blockchains that present this seriousness today. He explains that Fortune 500 companies and governments care about security, standards, consistency, interoperability and reliability. However, Cardano has all these specificities.

So the blockchain is able to attract billions of users and large amounts of capital. “You get one of those customers on board, you have three billion users”he explained.

Since the beginning of its launch, the Cardano blockchain has sought to build a unique model of decentralization. Today, its founder believes that it has all the characteristics required to attract billions of users and revolutionize decentralized finance.

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