The next generation of encrypted currency projects should adopt a more cooperative approach to competing with the main central technology companies that enter the Web3 area, according to the founder of Cardano Charles Hoskinson.
Speaking at the Paris Blockchain Week for 2025, Hoskinson said that one of the main criticisms of the unevenness and decentralized financing (Defi) is “”The circular economy“This means that the specified cryptocurrency is reinforced by the money that comes out of another symbol, which limits the growth of the industry.
Hoskinsen said that in order to obtain an opportunity against the central technology giants who join the web3, cryptocurrency projects need more cooperative symbols and market structure.
Charles Hoskinson. source: Cointelegraph
“The problem is currently, with the way we did in the coded currency space, is the distinctive symbol and the market structure is an essential aggressor. It is the amount of 0,” said Hoskinson. “Instead of choosing a battle, what you have to do is that you have to find the distinctive symbol and the market structure that allows you to be in a cooperative balance.”
He said that the current environment often sees the growth of one encryption project at another account instead of contributing to the public health of the sector. He added that this is not sustainable in the face of companies trillion dollars like Apple, Google and Microsoft, which may soon join the WEB3 race amid clearer US regulations.
“You cannot build a global ecosystem this way, and you cannot win this way,” he said. “Because this is the thing. My concern is much bigger.”
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Hoskinson’s comments came as an industry Our progress is awaited in the legislation of StablecoinWhich may come in the next two months.
A secondary draft law, the genius law-is an acronym for the guidance and creation of the national innovation of the American Stablecoins-to create guidelines for the stablecoin exporters with a request to completely comply with the anti-money laundering laws.
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Encouraging in Big Tech, organizational organizational Big Tech
There will be more participation from the Tech Giants after the Stablecoin bill approved. Hoskinson said that the market structure bill may pass by September, adding:
“These are the barriers that, as soon as they are removed, mean that Facebook, Microsoft, Amazon, Google, Apple and others enter the cryptocurrency space and tell me who owns their platforms. They do it. This is three billion users.”
“If these barriers are removed, how do we compete, as an industry, on the wallet in which Apple built in packages with iPhone,” he said, adding that Crypto also needs to build an infrastructure that the technology giants that the incoming technology can benefit from.
In order to align the Blockchain network incentives, Cardano works on “Minotaur”, which is a multi -resource consensus protocol that combines multiple consensus mechanisms and networks to push a unified bloc reward for multiple networks at the same time.
“You are paying the currency you want, and multiple networks participate in securing the regime and has a financial incentive to maintain the system around it,” said Hoskinson.
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magazine: Charles Hoskinson, Cardano and Ethereum – for registration
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