Cardano Delayed Roadmap: Charles Hoskinson Lessons Learned from Betting on the Wrong Tech

Cardano Founder Charles Hoskinson Optimistic About Crypto Adoption in Africa

Charles Hoskinson, the co-founder of Ethereum and founder of Cardano, Despite setbacks and delays, Hoskinson remains optimistic about the future of crypto and anticipates a high rate of Cardano adoption in Africa this year.

Creating Cardano: Unadulterated Vision and Network Effect

Hoskinson explained that Cardano was created with the aim of having an unadulterated vision. He acknowledged that building a new network involves rebuilding the network effect, but it allows for a fresh approach. Hoskinson noted that about 85% of Cardano’s initial roadmap has been completed, and highlighted some of the successes, such as the NFT sector:

“It took seven years for Cardano to grow from an idea to an ecosystem. We have already seen some huge wins like the NFT sector.“

Standing Out in a Multichain Industry

Hoskinson acknowledged the multichain nature of the industry and emphasized the importance of having the right product-market fit, great user experience, and a “softer” onboarding process to stand out among various blockchains. He believes that everything is going multichain, whether it starts on Ethereum or Cardano.

Addressing Setbacks and Delays

Cardano has faced criticism for delays and network updates over the years. Hoskinson attributed these setbacks to “betting on the wrong technology and being a bit ambitious with the roadmap.” Despite these challenges, Hoskinson remains committed to advancing Cardano and addressing any issues that arise.

Cardano’s Partnerships in Africa

One of the areas of interest for Cardano followers has been the partnerships and collaborations between Cardano and projects in Africa. Hoskinson elaborated on the lessons learned from dealing with corruption and geopolitical tensions in the region. He stated that it is more reasonable to deal with companies and individuals rather than governments, and outlined plans to expand Cardano’s reach from East Africa to West Africa, with Ghana as a prime focus.