Charles Hoskinson, founder of Cardano (ADA), spoke to the crypto community from London during a European tour that included Italy and Switzerland on Sunday. In a video update, Hoskinson dismissed rumors about his commitment to the ADA while providing details on other blockchain projects, particularly Sui.
Hoskinson Clarifies His Position on Sui
Hoskinson began by acknowledging the polarized nature of the crypto ecosystem. “People are so radicalized and polarized that they expect the founder of Cardano to always say bad things about what people do,” he said. “If I say anything good, it just seems like I’m trashing Cardano or somehow disloyal to the project.”
He emphasized that such nationalism is wrong. “That racism is self-defeating,” said Hoskinson. “It prevents us from learning and growing together as an ecosystem.”
Hoskinson’s comments about Sui, a high-profile blockchain project, sparked speculation about his allegiance to the ADA. Speaking to this, he noted his interest in Sui’s technology, particularly his consensus agreement developed by George Danezis, a researcher Hoskinson has known for nearly ten years.
“I’ve been looking at the project with a specific eye,” explained Hoskinson. “Some technology comes from George Danezis […] He wrote a paper called Narwhal and Tusk, which is one of the fastest BFT protocols ever devised—highest rate, six-figure TPS, low latency.”
He clarified his position regarding Sui: “I’m not talking about distribution, tokenomics, the way we’ve launched—all those things—I didn’t look at those things, and I don’t care about them.” I hold nothing back [Sui tokens]and I am not involved in any way in this project.”
Cardano Remains Number One
Hoskinson also took the opportunity to reaffirm his commitment to the ADA and highlight its progress. “Cardano is about innovation and momentum,” he said. “When we make design decisions as an ecosystem, we build on those decisions for years and decades to come.”
He addressed criticism about Cardano’s outdated technology: “The irony is that Ethereum wants to try to be Cardano. They’re trying to figure out how to do off-chain governance; they’re trying to have liquid staking, non-custodial staking; they’re trying to figure out how not to bolt on UTXO.”
Hoskinson also detailed the ongoing developments within the ecosystem, including the Ouroboros Leios Protocol “which will be the fastest single-shard protocol in the world,” according to Hoskinson who added, “CIP has been written; we are almost done prototyping it.”
In addition, the founder of the ADA praised progress in governance and decentralization: “We just opened the largest government in the entire industry. […] More than 500 people have registered for DReps.”
He stressed that the ADA’s approach is aimed at long-term success. “Cardano chose that road because it is a real crypto currency, and its desire to be the ruling platform for the economic, political, and social systems of the world,” asserted Hoskinson and said, “We have the best network, the best consensus. architecture, planning model the best.”
Directly addressing speculation about leaving Cardano, Hoskinson said: “I will occasionally appreciate good science and good engineering effort and interesting principles that come out, but that doesn’t mean in any sense of the word that I don’t care anymore. on the Cardano train.”
He confidently expressed the future of Cardano: “Let me be clear here: Cardano, I believe, will be the largest cryptocurrency ecosystem in the world. It will take time, and it will be done through the collective efforts of millions, if not tens of millions, of people working tirelessly to gain personal benefits in their careers for years and decades to come.”
He concluded with a message of devotion and hope: “I’m here to stay.” I love every bit of this. Cardano is here to change the world’s economic, political, and social systems, and it was purpose-built hand in glove for that very reason. “
At press time, ADA traded at $0.36.
Featured image from YouTube, chart from TradingView.com