Charles Hoskinson Reveals Reason Behind Cardano’s Delay: Betting on the Wrong Tech

Charles Hoskinson, the founder of Cardano, recently discussed the state of crypto and provide insights into Cardano. Hoskinson addressed various topics, including crypto adoption in Africa and issues surrounding Cardano’s delayed updates.

Hoskinson explained the need to create Cardano, saying that building a new network involves rebuilding the network effect, but allows for an unadulterated vision, which is necessary for Cardano’s objectives. He also acknowledged the time it takes to get things done, with 85% of the initial roadmap already completed.

Hoskinson believes that everything is going multichain, and to stand out, you need the right product-market fit, great user experience, and a “softer” onboarding process. He admitted that Cardano has experienced setbacks due to betting on the wrong technology and being ambitious with the roadmap.

One of the most exciting aspects of Cardano has been its partnerships and collaborations with projects in Africa. Hoskinson stated that there are several lessons to learn after dealing with corruption and geopolitical tensions. He plans to expand Cardano’s reach from East Africa to West Africa, focusing primarily on Ghana.