- Cardano founder, Charles Hoskinson, gave a behind-the-scenes look at how cryptocurrency companies work during YouTube’s Cryptocurrency Virtual Summit.
- He also shared insights on how difficult it is to build a crypto project during a bear market.
Charles Hoskinson, Cardano founder, gave a behind-the-scenes look at the obstacles that blockchain companies have to go through as they build their decentralized systems. Speaking on YouTube’s Cryptocurrency Virtual Summit, Hoskinson said:
“The big accomplishment is just learning how to have a cryptocurrency in the market, learning how to have a product that can evolve at a reasonable pace, and being able to actually execute on the science, because the science is so very complicated and it’s all new protocols. And being able to actually go from the lab to a specification to code, and have a reasonable vision of how we’re actually going to roll that code out and ship it to people and get it to work. I think that that’s what I’m most proud of.”
Hoskinson also shared insights on how difficult it is to build a crypto project during a bear market:
“It’s a hard process. It’s a brutal process. Doing it during crypto winter was especially hard because while we were making great progress and great achievements, the price keeps going down. So it demoralizes people and causes a lot of people to be very harsh, and just say things that aren’t true.
But being able to overcome all of that and keep moving forward – and dealing with issues like the Cardano Foundation and having to go through a change of leadership – these were all things that we overcame. They prove that we’re resilient, and they prove that we know how to execute, and that we’re going to be here for a long time. And that we’re going to be building for a long time.”