Cardano Founder: Goal is to Make ADA the Basis of a Trillion Dollar Economy

Cardano Founder: Goal is to Make ADA the Basis of a Trillion Dollar Economy

He has been known to make some ambitious statements in the past – once describing cryptocurrencies as “the greatest invention of the last 500 to 1000 years” and only last month claiming that Wall Street will Bring Trillions to cryptos. 

It appears that Charles Hoskinson, co-founder of Cardano and previous co-founder of the Ethereum blockchain, has now spelled out one of his most ambitious visions yet, this time in relation to the future prospects of the Cardano blockchain. 

In a promotional video for the Emurgo project posted to the Cardano Reddit forum today, Hoskinson describes how his ultimate goal for Cardano is to see it become a “self-sustaining economy” where, unlike Bitcoin, people do not buy in in order to cash out” but rather see the ADA currency as a tool that allows them to participate in a private economy with “built-in fairness” that transcends the nation state. 

Under those circumstances, claims Hoskinson in the same video, Cardano will become the first trillion dollar cryptocurrency. 

More Blockchain Pie-in-the-Sky?

Hoskinson has a history of making what many describe as over-zealous statements on the potential impact of blockchain technology.  

On the other hand, he is also – ironically – seen as having a more pragmatic approach to the subject of blockchain mass adoption, having left the Ethereum project to found Cardano, believing that the former would be unable to offer enterprise-grade solutions for large business entities. 

“Hoskinson makes many bold statements. On the other hand, unlike much of the debate that we see in this space, he generally supplies a coherent argument to back up his case,” states Ali Yazbek, a blockchain market analyst. 

Earlier this week, eToro published its own findings on the technology and potential use cases of the Cardano blockchain, describing the project as “more of a collection of philosophical principles and computer scientists than a start-up with a product” but also noting that its rate of development was “extremely impressive”.