- Charles Hoskinson of Cardano sees mainstream adoption of the project overcoming three to five years
- The real use case of the ecosystem seems to have already begun
- Hoskinson considers its project as the swiss army knife of the protocols
- Creating governance is the biggest challenge being faced by the project
Cardano is expected to witness mainstream adoption over the period of five years. In a recent interview with Real Vision, Charles Hoskinson, the founder of Cardano, stated that it’s just the beginning to witness Cardano’s awakening. Moreover, he talked regarding startings and the ecosystem’s future, which has potentially created a community of a million users. However, according to Hoskinson, the project is estimated to witness mainstream adoption in the coming three to five years.
The real use case and adoption of Cardano has already begun
In the interview, Ash Bennington asked Hoskinson regarding what Cardano actually does. The question came observing how the token surged with such pace and faced mainstream attraction in recent months. According to Hoskinson, the ecosystem is a collection of protocols, allowing the users to transform, store, and manage identity and governance. Indeed, Cardano’s ecosystem is designed for fulfilling such demands.
According to regions, Africa is observed as one of the core areas for Cardano. Moreover, the platform also backs few countries like Ethiopia to acquire identity on Cardano’s blockchain network. Moreover, the users will be able to access loans and have verifiable medical records over the continent. According to Hoskinson, the ecosystem can be referred to as the swiss army knife of protocols.
The ecosystem is considered as the Swiss army knife of protocols
Hoskinson has additionally considered Cardano as the Swiss army knife of protocols, where users can create applications. Moreover, it will handle such brokering of value and governance to solve real problems, which can be solved with everyone knowing the rules. However, the following ways can help all participants in the economy to be able to reduce costs in all processes and trade-in universal markets.
Governance is the biggest challenge faced by the project
According to Hoskinson, Cardano has already positioned themselves ahead of their competitors. And the biggest challenge for the ecosystem is governance. However, few project catalysts have made significant progress with great partnerships. Indeed, lastly, the founder concluded that governance is the more competitive factor that could take decades to be built. Cardano’s ecosystem consists of gradually moving processes on the right decision. However, there might be some throwbacks, but still, the use case and adoption at scale are expected to happen over the next 3-5 years.
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