- Charles Hoskinson Believes Cardano Will Become Biggest Crypto in the World Serving As Backbone of New Digital Nation The Daily Hodl
- Cardano Will Surpass Bitcoin and Ethereum to Become World’s Biggest Crypto – Charles Hoskinson Bitcoinist
- Charles Hoskinson says Cardano will beat competitors Bitcoin, Ethereum, become world’s largest cryptocurrency FXStreet
- ‘Cardano Is Here To Stay,’ Says Creator Charles Hoskinson As ADA Continues To Unravel ZyCrypto
- Hoskinson on Why Why ‘Cardano Is Probably Going To Become the Biggest Cryptocurrency in the World’ CryptoGlobe
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Tag Archives: Hoskinson
Charles Hoskinson Invites Dogecoin to Migrate to Cardano for Free
Cardano founder Charles Hoskinson says Dogecoin should become a Cardano sidechain and is willing to help the meme coin migrate free of charge.
Charles Hoskinson made this statement in response to a tweet asking about what would happen to Dogecoin after Elon Musk bought the social media platform Twitter.
According to Hoskinson, there is a possibility that DOGE will merge with Twitter. When asked whether the meme coin would be converted to a proof-of-stake network, he said:
“(Dogecoin) should be a Cardano sidechain. I’d do the migration for free. Hell, I’d even add smart contracts.”
This statement aligns with his earlier views that Cardano will be the network of blockchains with several sidechains connecting to it.
Speculation Over Dogecoin After Elon Musk Buys Twitter
Elon Musk was largely responsible for the rise of the meme coin after promoting it in several tweets. He also made it a means of exchange for Tesla’s merchandise.
Before buying Twitter, there were reports that Elon Musk planned to support the application of Dogecoin on the social media platform. Speculation around a potential integration rises with his acquisition of the firm.
Although Tesla CEO Elon Musk has already made a few changes to Twitter, he is yet to announce his actual plans for the social media platform.
Tech blogger Jane Manchun Wong also claimed that Twitter is working on a prototype wallet that supports crypto deposits and withdrawals.
DOGE Price Performance
Since Elon Musk took control of Twitter, Dogecoin has rallied, gaining 44.3% in the last seven days and trading at $0.085692. DOGE bull rally is based on the anticipation of what Musk would do with Dogecoin now that he has control of Twitter.
DOGE trading volume in the last 24 hours is $3.8 billion, showing many traders are currently buying into it. Its current rally has pushed it back into the top 10 cryptocurrencies by market cap.
Meanwhile, Cardano ADA is also up 5.2% in the last 24 hours and 16.1% in the past seven days. ADA has rallied following the broader market’s recent rise.
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Cardano Creator Charles Hoskinson Says Hundreds of Crypto Projects Gearing Up for Launch After Blockchain Upgrade
Charles Hoskinson says many projects are preparing to launch on the Cardano (ADA) blockchain after its Vasil hard fork upgrade.
Hoskinson, the Cardano co-creator, says in a tweet that there are hundreds of projects announcing they will advance using ADA’s new capabilities become available to developers next week.
“I’ve seen hundreds of tweets like this one. Lots of projects are excited to deploy now.”
He refers to the project from the decentralized streaming music company NEWM, which is developing a platform to allow artists to share music among consumers and earn royalties through NFTs.
NEWM says the Vasil upgrade will make its operations more efficient.
“What does this mean for our community? We’ve been waiting for Vasil to deploy our smart contracts. This upgrade makes them more efficient and cost-effective on Cardano. The future of music is happening now! More on this soon.”
In another tweet, Hoskinson praises the achievement of the upgrade while criticizing a news headline for saying the upgrade came after a three-month delay.
“It’s amazing to me to see the passive aggressiveness in some of the headlines. We’ve just completed a major milestone that took coordination and testing from people and companies across the world, but the news item is ‘three-month delay’? Journalists always tell you who they are.”
The Input Output Hong Kong (IOHK) CEO previously said the upgrade makes the goals of ADA seem achievable.
“We built Cardano to be the financial operating system of the world. We built it to bank the unbanked. We built it as a community to give economic identity to those who don’t have it so we can have one global fair marketplace.”
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Cardano Creator Charles Hoskinson Warns That the White House’s New Crypto Proposals Pose Grave Threat to Bitcoin
Cardano (ADA) creator Charles Hoskinson is warning that new recommendations by the US government do not bode well for Bitcoin (BTC) and other crypto assets.
Taking issue with the recommendations of a new White House Office of Science and Technology Policy report that calls for the involvement of the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy (DoE) to create evidence-based environmental standards for the responsible design of digital assets, Hoskinson says the proposals could result in an outright ban of Bitcoin.
“[The] EPA and DoE are going to start talking to crypto companies to basically tell them to change the way that their cryptocurrencies work.
And which way? Well, these should include, ‘Standards for very low energy intensities, low water usage, low noise generation, clean energy usage by operators and standards that strengthen over time for additional carbon-free generation to match and exceed additional electricity load of their facilities.
Should these measures prove ineffective at reducing impacts, the administration should explore executive actions and Congress might consider legislation to limit or eliminate the use of high energy intensity consensus mechanisms for crypto-asset mining.’
In other words, Bitcoin should be banned. That’s how you read that.”
The report is a response to an executive order signed by President Joe Biden in March calling for “responsible digital asset innovation.”
According to Hoskinson, the US government can employ various strategies to achieve its objectives that could spell bad news for proof-of-work crypto assets.
“The White House is now basically hiding in page seven a report no one will ever see or read: ‘Hey Mia, nice thing you got there with proof of work but, you know, global warming bad. So we should ban it.’
And we will soft ban it by having the EPA and DoE come in and basically create standards that you can’t adhere to.
And then when you can’t, create some form of executive order or legislation to basically prevent you from being able to do it.
Or destroy your profit margins so it’s no longer profitable for the American mining industry.”
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Featured Image: Shutterstock/Krit Suppaudom