Cardano Founder Gives Keynote Speech At Binance Blockchain Week

Cadano’s founder talks about the comfort of Bitcoin and Web3 at Binance Blockchain Week. Charles Hoskinson, the founder of Cardano, delivered a keynote speech during the first day of this year’s Binance Blockchain Week that is being held at the Dubai World Trade Centre in the United Arab Emirates.

In his keynote speech, Hoskinson included topics such as Bitcoin, Web3 and philosophy. He also brought up topics such as what is next in store for the space when the Web3 community moves past the comfort of Bitcoin and toward centralization.

The Cardano CEO also raised questions relating to the decentralization and regulation of Web3, asking the audience of global blockchain enthusiasts, “At what point do you cross the threshold where you’re no longer decentralized? You’re no longer the arbitrator of trust?”

He went on to point out that regulators across the globe have started looking into blockchain technology, and expressed his concerns about certain topics and questions that have made their way into blockchain discussions.

Questions such as “At what point can we reverse a transaction?” and “If we can, at what point can we freeze your funds?” have left the CEO baffled as he once believed that the blockchain community could not do that.

Apart from his fear of the questions that are entering blockchain discussions, Hoskinson went on to emphasize the importance of prioritizing blockchain technology over profits. He underscored that blockchain brings fairness and equality to everyone, as well as gives smaller entities a fighting chance.

Although not explicitly referencing decentralized autonomous organizations, Hoskinson had also stated that the people need to be involved in the decision-making process of blockchain projects.