The well-known founder of Cardano, Charles Hoskinson has revealed a look at how computer scientists and blockchain developers are coping with challenges as they build decentralised systems in order to transform the financial landscape.
Hoskinson gave an overview of the platform’s developments on YouTube’s Cryptocurrency Virtual Summit and analysed the progress Cardano has made since it launched in September 2017. Hoskinson says that in the early years of Cardano’s creation, he learnt a lot about how to create and bring a cryptocurrency into the market.
“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.”
As you will probably know, managing complex solutions like Cardano takes a lot of time. Ethereum is another example following the delay in its understandably complicated Constantinople upgrade which was delayed earlier this year to 27th February.
From the team’s initial vision, all the way through the integration stage, emerging digital ledger technologies and their unnumerable use cases are evolving but just like that old saying, Rome wasn’t built in a day.
Hoskinson went on to discuss how building against the plummeting crypto prices isn’t an easy process.
“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.”