The CEO of Input and Output HK, Charles Hoskinson, has praised Bitcoin for the role it plays in the industry and therefore concluded that the blockchain technology is the king of the industry.
Hoskinson revealed this in a video update on Cardano’s marketing and adoption. Although, Bitcoin uses huge energy more than countries like Switzerland to maintain its network and lacks smart contracts power, these making it difficult to develop certain things on the network, yet, Bitcoin is bigger than all other projects like Ethereum and Cardano among others that allows people to do unimaginable things.
This, Hoskinson said is because the integrity and principle of the network have never been questioned. He also explained that also, the Bitcoin existence has never been questioned.
Afterward, Hoskinson said Cardano must adopt the principle it was founded on (Bitcoin), to grow big like Bitcoin. He added that since Cardano’s principles enable more things like liberty, sound money, and allows people to live in a better society and solve more problems, it would even exceed Bitcoin in terms of growth.
Hoskinson, who is also the cofounder of Ethereum, said he’s certain about Bitcoin’s existence in the next ten years, hence for Cardano to also be around in ten years, it has to adhere to its principle, not forget why its protocol was created and who it has been made for, just like Bitcoin.
This way, Cardano will even exceed Bitcoin and make the world a better and fairer place for people to live in, Hoskinson added.