* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, August 4, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

    That’s (Political) Entertainment: When Theatre Meets Politics

    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Credo Technology: Wiring The AI Revolution (NASDAQ:CRDO) – Seeking Alpha

    Credo Technology: Driving the Next Wave of AI Innovation

    Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

    Microsoft Aims to Broaden Access to OpenAI Technology

    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    Cognizant Technology Solutions Corp (CTSH) Q2 2025 Earnings Call Highlights: Strong Revenue … – Yahoo.co

    Cognizant Q2 2025 Earnings: Impressive Revenue Growth and Key Takeaways

    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

    That’s (Political) Entertainment: When Theatre Meets Politics

    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Credo Technology: Wiring The AI Revolution (NASDAQ:CRDO) – Seeking Alpha

    Credo Technology: Driving the Next Wave of AI Innovation

    Microsoft Seeks to Extend Access to OpenAI Technology – PYMNTS.com

    Microsoft Aims to Broaden Access to OpenAI Technology

    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    Cognizant Technology Solutions Corp (CTSH) Q2 2025 Earnings Call Highlights: Strong Revenue … – Yahoo.co

    Cognizant Q2 2025 Earnings: Impressive Revenue Growth and Key Takeaways

    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Cardano’s Hoskinson: DeFi ecosystem just moving water in bathtub

July 31, 2024
in Business
Cardano’s Hoskinson: DeFi ecosystem just moving water in bathtub
Share on FacebookShare on Twitter

Cardano CEO emphasizes long-term value over rapid user acquisition in evolving DeFi landscape.

Cardano's Hoskinson: DeFi ecosystem just moving water in bathtub

Key Takeaways

Cardano prioritizes long-term value and reliability over rapid user acquisition in DeFi.
Hoskinson believes future blockchain adoption will be driven by governments and large corporations.

The decentralized finance (DeFi) ecosystem is an ever-evolving landscape, with the introduction of application-specific blockchains (appchains), layer-2 (L2) blockchains, novel virtual machines, and so on. In this scenario, users wonder how can blockchains such as Cardano compete with these optimized infrastructures. 

Charles Hoskinson, CEO of Input Output Global, stated during his participation at Blockchain Rio that Cardano is making sure that everything built so far preserves and protects the blockchain value. To fulfill this goal, it is more important to make calculated moves instead of the typical “move fast, break things.”

“There’s no greater example of that than Bitcoin, which by definition is the least capable of all cryptocurrencies. They don’t even have smart contracts on Bitcoin at the moment, right? You can’t issue assets on it. Yet it’s worth over a trillion dollars. Why? Because at the core of it, the value proposition of Bitcoin is a relentless commitment never to violate the principles that Bitcoin was founded on and that has value in the market,” Hoskinson shared with Crypto Briefing.

He added that in competitive environments, such as crypto, teams embrace what they know are mistakes to try to move fast and capture market share. However, protocols spend the next 10 to 15 years trying to fix these embraced fundamental mistakes.

“JavaScript is the greatest example of that of all time. Bad programming language. It was made in 54 days. We spent two decades fixing that really, really bad language. And that’s why we saw the rise of Ruby, TypeScript, and all of these other things because JavaScript wasn’t fit for purpose. So Solana and these other guys, this is what they’re doing: they’re focusing on adoption, user acquisition, speed, and transaction costs. They don’t particularly care if the network fails. They don’t particularly care if they have to reverse things or restart things. It’s a mad dash for user acquisition.”

Although this works for retail holders looking for short-term gains, it doesn’t last in the long term as “protocols are not companies,” said Hoskinson. Differently from companies that achieve a dominant position and can “hold people’s protocols,” the same can’t happen in crypto.

“Could you imagine the success of Wi-Fi if Wi-Fi broke all the time and never worked? Competing protocols would destroy it.” Hoskinson then reminded that previous platforms and hardware, such as Nokia mobile phones, MySpace, and Yahoo, had up to one billion users before vanishing or losing their user base considerably.

Therefore, Hoskinson doesn’t think about how to keep up with competitors, but how to preserve what people who trust Cardano signed up for, and how to add capabilities without crossing these fundamentals.

“Roll-ups are a great example of that. Because of extended UTXO, the accounting model of Cardano, and what we’re doing with Plutus V3, not only can we have them, but we can also have best-of-class roll-ups because of the way the system works. It’s much harder to implement them on Ethereum or other things. So while they were first to market with this capability, we get to be best to market with this capability. It’s the same with Hydra. It delivers on the promise of everything that Lightning wanted to do and Plasma wanted to do. Yeah, they had them years ago. Now we have it. And over time, it’s going to become the best in class of the technology.”

The CEO of Input Output Global then compares Cardano to Apple, stating that Apple kept their winning strategy to their different forrays, such as their recent venture into large language models for artificial intelligence. Despite having issues competing in the short term due to sticking to their strategy, Apple will become “very strong” in their new ventures over time. 

“And you know, another thing I think is unfair is that people have unrealistic expectations about growth. They say, how will Cardano catch up? And it’s like, our TVL [total value locked] is up 300% in one year. And people say ‘Yeah, but it’s not 1,000%. What’s going on?’ It’s like, do you understand that 300% growth per year is unprecedented than we’ve been saying?”

Reliability and compliance

Hoskinson assessed that the next billion users to adopt blockchain technology are coming from the adoption by governments and big companies such as the ones listed on the Fortune 500 list.

“Will the government or Fortune 500 companies really look at the fact that you spent a billion dollars in marketing and you’ve gotten all these users? No, they’re going to ask foundational questions, control, governance, uptime, reliability, and security because at the end of the day, if they screw up, they lose their jobs and they don’t get paid for adopting system A or B.”

Thus, this makes blockchain adoption a “long-term game” that Cardano is aiming at playing right now, by developing an infrastructure where entities can build without worrying about putting their current users at risk.

Moreover, when it comes to being competitive, Hoskinson believes that people rely too much on current applications instead of focusing on what will be useful in 2030. “If you make all those decisions right, if your competitors don’t, you’re the only option or the best option there. So where the puck is going? How do we bring regulated businesses into the cryptocurrency space?”

Sapphire

He also highlights the necessity of having proper tools to follow blockchain development when it comes to offering products, criticizing the lack of solutions to keep the blockchain ecosystem decentralized.

“Projects say they are going to do real-world assets, tokenized real estate, this, and this, and this. But how do we make that work on a blockchain system? Oh, well, it’ll be on the blockchain, but all the private, personally identifiable information will belong to a centralized corporation. OK, so doesn’t that make that a centralized asset? It’s not really a block. You’re kind of doing it wrong. So, my view is that you have to have a basket of solutions for where that’s going to go because everything else is commoditized.”

Furthermore, features such as high throughput are not seen by Hoskinson as differentiating, since every blockchain will be fast eventually, adding that a differentiating feature would be not getting sued for deploying an application lacking a compliant regime.

“Can Solana offer this at the moment? No. Nor can Polygon, Ethereum, or Bitcoin. They haven’t even conceived or thought of it because they’re fighting for their DeFi degens to move water from one side of the bathtub to the other. We’re not adding any water to the bathtub. We’re just moving it from one side to the other, and they pretend that this is a massive success in growth,” concluded Hoskinson.

In June 2024, Cardano prepared for its Voltaire Upgrade, signaling a significant advancement in its blockchain governance as it entered the last phase of its decentralization roadmap.

Earlier in June 2024, Charles Hoskinson articulated his belief that Cardano is undervalued, citing its leadership and upcoming enhancements like the Chang Hard Fork and Hydra as growth catalysts.

In April 2024, Paul Frambot from Morpho Labs suggested that DeFi’s mainstream adoption would progress through collaborations with fintech firms and centralized exchanges, leveraging new infrastructures like Coinbase’s Base.

Last March, a report from Exponential.fi showed the DeFi ecosystem maturing, with a trend towards lower-risk protocols as a consequence of Ethereum’s shift to a Proof-of-Stake model.

In January 2024, Aquarius Loan introduced a new era for DeFi with its cross-chain lending platform which aims to diminish liquidity fragmentation and empower users with its $ARS token governance model.

Disclaimer

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CryptoBriefing – https://cryptobriefing.com/cardano-defi-strategy-hoskinson/

Tags: businessCardano’sHoskinson
Previous Post

Layer3 is here and open for trading!

Next Post

Ethereum ETF flows turn positive as BlackRock fund logs $118 million inflows

New rule would expand tug escort requirements, reduce risk of oil spills in Puget Sound – Washington State Department of Ecology (.gov)

New Rule Strengthens Tug Escort Requirements to Drastically Reduce Oil Spill Risks in Puget Sound

August 4, 2025
100 years ago, scientists thought we’d be eating food made from air – Popular Science

A Century Ago, Scientists Predicted We’d Be Eating Food Made from Air

August 4, 2025
Maserati and Sparco Launch Lifestyle Capsule Inspired by Motorsport Heritage – stupidDOPE

Maserati and Sparco Launch Lifestyle Capsule Inspired by Motorsport Heritage – stupidDOPE

August 4, 2025
Fox News Flash top entertainment headlines of the week – Fox News

Top Entertainment Headlines You Can’t Miss This Week

August 4, 2025
How Is the Economy Doing Right Now? – NerdWallet

What’s Really Going On with the Economy Right Now?

August 4, 2025
Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

August 4, 2025
At Washington Health Care Authority, workers are warned of layoffs – Washington State Standard

Washington Health Care Authority Alerts Employees of Potential Layoffs

August 4, 2025
NYPD program allowed slain officer to moonlight as private security guard – Spectrum News NY1

NYPD program allowed slain officer to moonlight as private security guard – Spectrum News NY1

August 4, 2025
Credo Technology: Wiring The AI Revolution (NASDAQ:CRDO) – Seeking Alpha

Credo Technology: Driving the Next Wave of AI Innovation

August 3, 2025
Judge Halts Stephen F. Austin’s Female Sports Cuts Amid Title IX Suit – Sportico.com

Judge Halts Stephen F. Austin’s Female Sports Cuts Amid Title IX Suit – Sportico.com

August 3, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (753)
  • Economy (778)
  • Entertainment (21,655)
  • General (16,273)
  • Health (9,815)
  • Lifestyle (786)
  • News (22,149)
  • People (777)
  • Politics (787)
  • Science (15,991)
  • Sports (21,273)
  • Technology (15,755)
  • World (759)

Recent News

New rule would expand tug escort requirements, reduce risk of oil spills in Puget Sound – Washington State Department of Ecology (.gov)

New Rule Strengthens Tug Escort Requirements to Drastically Reduce Oil Spill Risks in Puget Sound

August 4, 2025
100 years ago, scientists thought we’d be eating food made from air – Popular Science

A Century Ago, Scientists Predicted We’d Be Eating Food Made from Air

August 4, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version