Charles Hoskinson, the CEO of Input Output Global (IOG), who created Cardano (ADA) and co-created Ethereum (ETH), has positive remark for Vitalik Buterin and the development of the world’s largest smart contract platform, Ethereum.
In an interview with Bloomberg News, Hoskinson discussed his software company and the broader cryptocurrency market. The mathematician also spoke about Vitalik Buterin’s capability as a leader in the Ethereum ecosystem after the interviewer asked him what he thinks about Ethereum now.
Read Also: Vitalik Buterin: London Hard Fork Success Gives Me More Confidence over Upcoming Chains Merge
Charles Hoskinson:
“Vitalik is a young guy. He’s going to apply his youth and his wealth toward the things he thinks are right for his ecosystem. And he’s got a lot of people working with him, like ConsenSys and so forth, that are certainly big companies and they have a lot of people and money too.
“When you have that kind of momentum, something is going to happen. If I had to guess I’d say the most significant heavy lifting in their upgrade strategy will occur in 2022, and they’ll probably wrap it up by the end of the year 2022 or early in 2023 at their current velocity.”
Read Also: Charles Hoskinson Dismisses Technical Analysis That Claims Cardano (ADA) Price Is Set To Crash
When asked about rivalries and maximalism in the crypto industry, Charles Hoskinson stated that maximalism is basically a religion in the industry and there is a doctrine of Satoshi.
He said Bitcoin maximalists don’t welcome any progressive change in the crypto ecosystem:
“When you say, “let’s change something because it’s 15% faster,” they’ll say, “you can’t change that, because it’s not in the Bible, it’s not in the Bitcoin white paper.
“It actually prevents neutral people from entering. I’ve had more than one Fortune 500 company say, “I don’t want to do anything in crypto, because the minute we pick a single blockchain to work on, all the others will attack us.”
When asked about the progress of the Ethiopia project, Hoskinson said a million people have onboarded and the first launch could play out in September or October 2021.
“The goal is to get five million students. It’s going to be used first as a universal credentialing system -– so basically their grades, their academic accomplishments, if they get honors, whatever,” Hoskinson stated.
He added that “It’s our intention to compete amongst others for the whole national ID system, which is about 110 million people.”
Follow us on Twitter, Facebook, Telegram, and Download Our Android App
MicroStrategy founder Michael Saylor, a renowned Bitcoin maximalist, has issued harsh predictions for Ethereum (ETH)…
After rejecting a listing on Binance, Scorpion Casino charts a new course to navigate regulatory…
Despite numerous bullish predictions, XRP has stayed relatively stagnant, discouraging the community with its underperformance.…
Prominent attorney Jeremy Hogan predicts the U.S. Securities and Exchange Commission (SEC) may prevail in…
The story of a high school student turning a small Bitcoin investment into millions is…
The cryptocurrency market is witnessing significant dynamics across various tokens, each at different stages of…