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Charles Hoskinson says the crypto world needs 'that wi-fi moment'

Updated: Sep 22, 2021

The Cardano network took a step closer this past weekend to competing more fiercely with the larger Ethereum network after a key upgrade meant it could host decentralized finance applications.

But founder Charles Hoskinson doesn't believe any blockchain will be dominant in the years to come, even the so-called "Ethereum killers" like Cardano. Much like when the internet became a part of daily life, consumers ceased to question which manufacturer made some of the key pieces of hardware that made connectivity possible.

"You're not asking - 'is this a Samsung router? Is this an Apple router?' and my hope is, that's what's going to happen in the industry, where Cardano is infrastructure, Ethereum is infrastructure, bitcoin is infrastructure," Hoskinson told Insider in a recent interview.

"Of course we compete under the hood, and businesses, governments, and people who care about these things will care about them. But at the end of the day, if it's going to work for everybody, we have to have that 'wi-fi moment' where it's consumer-friendly, and it just works on your phone and you can just...

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Written by Camomile Shumba from Business Insider.

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