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Hoskinson believes that “Cardano will be the backbone of decentralized applications.”
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What will happen to Ethereum? Hoskinson—who is co-creator of this network—gives his opinion on the matter.
Charles Hoskinson, founder of Cardano, is in Buenos Aires, Argentina, this week for the Cardano Constitutional Convention.
This historic event brings together around 1,200 participants to shape the future of the network and its Cryptocurrency, ADA.
It is noted in a press release that “the main objective (of this Convention) is to establish a fundamental constitution that reflects the consensus of the global Cardano community. This new governance system will allow ADA holders to elect representatives and vote on proposals. “This combination of liquid democracy and constitutional republic sets a new standard for decentralized governance.”
It is within this framework that CriptoNoticias had the opportunity to ask Hoskinson some questions about Cardano and related issues. The computer science specialist — who is also co-creator of Ethereum — gave the following answers:
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What are the future drivers you expect for Cardano?
Technological advances and the increase in real-world applications are our main drivers. The development of the next evolution of Cardano, with its new polyglot node architecture, demonstrates our continued commitment to scalability, resilience and adaptability. We are developing scaling innovations like Hydra and Mithril that will drive adoption and ensure the platform meets the demands of a growing global user base.
Additionally, our on-chain governance model and decentralized treasury will continue to democratize decision-making and fund meaningful projects. This decentralized approach will support community-driven growth and add resilience to the ecosystem. As more developers and stakeholders come on board, our platform system will allow for more inclusive participation, further fueling our expansion.
How do you see the future of Ethereum in the face of its growing competition?
Ethereum remains a dominant force in Blockchain, primarily due to its first-mover advantage and widespread adoption of decentralized applications (dApps).
However, in the face of growing competition, its future will depend on its ability to address existing challenges, particularly in scalability, gas costs and centralization concerns. Meanwhile, Cardano emphasizes decentralization, long-term resilience, and innovation, positioning itself as a more adaptable alternative to Ethereum.
Ethereum’s shift to Proof of Stake (PoS) with Ethereum 2.0 addresses some scalability issues, but other projects are developing decentralized governance systems and real-world applications more quickly.
Interoperability will be crucial to the future of Ethereum as the blockchain ecosystem moves beyond tribalism. Ethereum’s ability to collaborate and integrate with other platforms, including Cardano, will shape its role in the evolving landscape.
Ethereum will remain a key player, but its dominance could be challenged by projects offering more efficient, decentralized and flexible solutions.
What is the collaboration announced with the Argentine province of Entre Ríos about?
Our collaboration with the Argentine province of Entre Ríos represents an important step towards the integration of blockchain technology in public administration. The project aims to leverage the Cardano blockchain to improve the transparency, security and efficiency of government operations. The initiative highlights the importance of public-private collaboration to unlock the transformative potential of blockchain and encourage its widespread adoption in the region.
Are you working on other projects with governments that you can share (like the City of Buenos Aires, which you recently met with)?
We are actively working on various projects related to governments in Latin America and elsewhere. Recent conversations with Buenos Aires city officials indicate our continued efforts to integrate blockchain technology into urban governance.
The project is likely to focus on public services such as digital identity systems, transparent financial management and smart contracts for more efficient public procurement processes. This work underscores Cardano’s commitment to solving real-world challenges through blockchain, improving transparency, efficiency and inclusion in governance.
The Buenos Aires initiative could help create a more resilient digital infrastructure while supporting Argentina’s move toward decentralization in a volatile financial landscape. This result benefits the economic and social growth of the city.
Which countries have the greatest potential for Cardano adoption and why?
Due to their socioeconomic environments, countries like Argentina demonstrate significant potential for Cardano adoption. In Argentina, recurring problems such as inflation, economic instability, and a large unbanked population create a need for decentralized financial solutions. Cardano’s blockchain platform offers a path to economic empowerment by enabling more secure, transparent and inclusive financial services.
What are your expectations for Cardano in five years?
Cardano will be one of the largest and most decentralized blockchain ecosystems in the world in five years. Our platform’s focus on sustained, informed growth, rather than flashy, short-term innovations, lays the foundation for long-term success.
With the Cardano 2 node architecture, a more inclusive developer ecosystem, and the continued implementation of our decentralized governance system, Cardano will see significant adoption in sectors such as finance, government services, and identity verification.
We also anticipate growth toward tens of millions of users, driven by real-world applications rather than commercial speculation. Cardano will become the backbone of decentralized applications, particularly in regions with underdeveloped financial infrastructures. Our increasing emphasis on interoperability ensures that we will lead in a more collaborative and connected blockchain space.
By refusing to chase short-term profits, building a truly decentralized governance model, and innovating with purpose rather than hype, Cardano has positioned itself as a unique force in the blockchain industry. This long-term and informed approach will allow Cardano to grow and evolve in ways that other platforms cannot.
As the world becomes increasingly disillusioned with centralized institutions and faddish trends, we offer something much more powerful: a decentralized, resilient ecosystem built to last. In the end, Cardano’s unwavering commitment to doing things differently will set it apart and make a difference.
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