Cardano Founder Discloses His Plan For Cardano And Other Crypto Projects
The co-creator of the Cardano blockchain Charles Hoskinson has revealed that he’s setting up plans for the project’s native coin and other cryptocurrency assets. Charles Hoskinson made his plans known through a video he uploaded to his YouTube channel, which has up to 315,000 subscribers. According to him, crypto projects like Cardano could become one of the systems of finance in the world.
However, he noted that it could only be possible if the US government decides to use favorable crypto laws. “We must get [to] the next stage for our project. As you all may know, we want ADA and other cryptos in the market to become the financial operating systems of the world.
“One of my life missions is to bank the unbanked and give them an economic identity that they control. One that is self-sovereign and with a global nature. Also, this identity grants them true human rights and the freedom to associate and express themselves. however, the law has to acknowledge the existence of crypto, see them as positive things, and accepts the liberty that they provide to their holders.”
Charles Hoskinson’s Opinion About China’s Digital Yuan Project
Hoskinson also disclosed his thoughts on China’s digital Yuan project. According to the Cardano creator, the project’s direction will compromise people’s financial freedoms.
“A representative from the People’s Bank of China organized a presentation on the digital Yuan, and it was very obvious the system is sophisticated with significant progress already. It has nearly 40 million users, 10,000 transactions performed in a second, a quasi-account model, and a full integration with popular payment systems such as WeChat and Alipay. It’s very clear that they are trying to bundle social credit and their Belt and Road program with their digital currency,” he said.
He added that the model China uses would give just a few people the opportunity to control the lives of billions of people economically. Charles Hoskinson also revealed that the antidote for the project would be a digital currency that focuses on liberty rather than working as a CBDC.
He said, “A money system will exist if they allow it to spread, and it’ll give a few individuals total and absolute control over billions of people economically. That’s because the project is active and has great minds and technology working behind the scenes.”. “The project already has 40 million registered users even in its testing stage. The numbers will keep increasing at a high rate, beginning with China and any country which uses the Yuan currency, even as a reserve currency. We all have to accept it because it will undoubtedly become a reality.”
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