Is Cardano (ADA) ready for mass adoption?

Is Cardano (ADA) 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 worldwide. To achieve this, blockchain developers recently made a major update, the Vasil hard fork. Earlier this week, Hoskinson announced that a new project is underway. This will promote decentralized governance and usher the network into a new era. A set of approaches that not only appeals to members of the Cardano community (ADA), but to the entire industry. But is all this enough to trigger mass charging, as the creators of the blockchain intend?

A solid project

A few days ago, Charles Hoskinson, the founder of Cardano (ADA), gave an interview to Ryan Selkis, the 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 information products, which helps professionals grow in the world of crypto and Web3.

During the exchange, Hoskinson was happy that he had a crypto community and ecosystem ready for mass adoption. He indicated that a “great desire” for the Cardano Development Strategy (ADA), which tracks the course for this adoption. He explained that the players took the time at each stage of development to build a project that respects the initial ambition to revolutionize decentralized finance. Slow, but steady strategy.

“Every step of the process with Cardano, we said we were going to start 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-built projects, especially during 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 peculiarities.

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

Since its launch, the Cardano blockchain has been trying to build a unique decentralized model. Today, its founder believes that it has all the necessary attributes to attract billions of users and revolutionize decentralized finance.

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Download avatar Luc Jose Adjinacou
Luc Jose Adjinacou

Far from dampening my enthusiasm, an unsuccessful investment in cryptocurrency in 2017 only increased my enthusiasm. So I decided to study and understand the blockchain and its many uses and share my pen knowledge related to this ecosystem.

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