Ben, from BitBoy Crypto, has taken an interview with Charles Hoskinson at the Rare Bloom event to talk about Cardano and their next move. Recently, the crypto community has acknowledged Cardano to be a considerable competitor to Ethereum. This interview provided viewers with answers to the Cardano journey from Charles Hoskinson himself.
The interview begins with a discussion on Plutus, the newly developed language by the Cardano team for smart contracts and creating dapps on their ecosystem. Many have argued that Ethereum will be winning as its ecosystem has more developers due to the first mover’s advantage. However, the Cardano team has come up with Plutus to ensure convenience, accessibility, utility, and flexibility for developers.
Hoskinson believes that this language will encourage developers to join their network due to the perks and benefits developers will get when creating dapps or DEXs on their ecosystem. While he acknowledges that the language will take a few more years to improve to its optimal stage, he believes that the hard work and effort put into the new language will pay off as developers will be able to create with more convenience and creativity.
Hoskinson continues by claiming that planning out ecosystems and trajectory is more crucial than being the first to the market. The Cardano network will be seeing decentralized communication and convergence between the metaverse, GameFi, and NFTs which will further enhance the user experience on the network bringing more users into their ecosystem.
Ben and Hoskinson also discuss people’s tendency to treat crypto like any other fiat currency. Many people also try to correlate crypto market trends with other macroeconomic market trends. However, they fail to recognize that crypto is their own macroeconomic market of their own. Their bulls and bears will be somewhat correlated to other systems, but industry players will simply have to continue improving and creating new features in their ecosystem through the bears to reap benefits from the bulls.
