Cardano Founder Says Significant Boost in Crypto Will Happen Because of Elon Musk

Charles Hoskinson talked about the role of Twitter & support of Tesla CEO in the future crypto adoption.

Charles Hoskinson is the Founder of the Cardano blockchain and he is also one of the co-founders of the Ethereum blockchain. Hoskinson was one of the key contributors to the Ethereum project but his disagreement with the other Ethereum founders forced him to leave the project. Now Hoskinson is CEO of the Cardano developer team IOHK and also a crypto personality.

Recently during the Web Summit 2022 conference, Charles Hoskinson said that the leading crypto networks like Ethereum are working to enhance the scalability of the network, to remain in the crypto market as a leading network.

Hoskinson also said that such competitions are helping to bring a better level of efficient network transactions & also a better level of scalability among the all leading networks.

In particular, Hoskinson mentioned projects like Algorand (ALGO), NEAR, Tezos (XTZ), and Cardano are the best competitors in the crypto sector which are competing to bring the crypto network useful in crypto payment, in terms of efficient transactions.

Further, he added:

“We looked at things like the fourth generation and there you have multi-resource consensus, an identity built into the system, a lot of post-quantum stuff, so there’s an endless river of cool things that we pay attention to.”

Cardano founder also thanked the CEO of Twitter, Elon Musk, who is helping the crypto sector & blockchain innovations adoption with his platform “Twitter”. He said that Twitter may bring a better level of crypto adoption with the Dogecoin blockchain network.

ADA price action

Ada is the native coin of the Cardano Blockchain and the current price of the ADA coin is $0.314 which is up by 0.9% over the last 24 hours’ trade price.

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