Hoskinson began his response to this question with concerns about the philosophical implications of modifying a ledger to make coins traceable: “I think the entire purpose of cryptocurrency is that when you give a centralized actor the ability to breach fungibility, and label tokens bad vs. Is there anything similar being planned by ADA? Read this Term to render the stolen coins useless. Because a blockchain is stored across a network of computers, it is very difficult to tampe The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. You’ve heard of the recent hack on Coincheck -in response, NEM introduced a tracking feature to its Blockchainīlockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. I don’t wanna go down that road.” I’d like to know more about the security features that ADA is bringing to the table. "We want this to be used throughout Africa, and the Caribbean, and South America, and to run in parallel with the financial system of the developing world, and eventually consume it, and transform it from the outside, as opposed to what Ripple is trying to do which is transform it from the inside. Our vision is for Cardano to be the financial stack of the developing world. I want ADA and Cardano to be used 50 years from now, I want this to be like TCP IP. Regardless, I’m building this over a long term.
Now if i’m wrong, you can vote by your feet and leave. He continued: "I think a lot of people are making a strategic bet. I think a lot of people that have entered our ecosystem are betting that Cardano is going to be the strong contender. We’re still moving our way forward to be able to shard, and scale, and we have a great strategy for that. To be frank, within 6 months or a year, we will be pound-for-pound better than Ethereum and Bitcoin in every dimension and aspect, just based on how our roadmap is rolling out. People are looking at the science, people are looking at the team, they’ve looked at the progress made already, they looked at the philosophy, how we go about doing our business, and they made a bet that Cardano seems to be a contender.” He continued by saying that Cardano’s position has been earned by popular opinion. These systems will, within their own domain, really innovate and really change things.” They’re saying that at some point in the future, there is a belief that these systems will change the world. He continued by acknowledging that “the reality is that everybody, all of our competitors are living in speculative land. Ethereum claims to be a world computer, but then CryptoKitties breaks it.” They usually stop taking it, or they find ways to take cash, and through a creative structure like what Bitpay has done. Hoskinson answered this question with another question: “Why is anybody worthy of their positions in the market cap? Bitcoin is advertised as a payment system and a means of exchange, and then everybody who’s ever tried to use it for that, it’s been a miserable failure.
Cardano has risen pretty quickly in terms of market capitalization, hovering around fifth or sixth place for several weeks now.
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