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Cardano [ADA] Founder Charles Hoskinson Opinionates Crypto Industry Needs Interoperability


Founder of IOHK, Charles Hoskinson said that the cryptocurrency industry needs a “WiFi or Bluetooth moment” in an interview with media outlet Cheddar on March 28.

Founder firm that developed cryptocurrency Cardano [ADA] Hoskinson said that it needs specific standards that enable the development of enhanced interoperability. Speaking about the status of the cryptocurrency industry, Hoskinson highlighted that it will allow communication and more information to be traded in much easier way among both cryptocurrency and traditional financial institutions.

Charles Hoskinson shared, "What we are seeing is a collection of standards being created [that] will inevitably converge over the next three to five years to create a situation where you can move information and value between all these different systems ー not just Bitcoin to Litecoin to Ethereum to Cardano ー but also your regular bank account."


"What we are looking for is the WiFi or Bluetooth moment of our industry. We haven't quite gotten there yet," he further added.

Hoskinson discussed about various issues that are related to his project. One of the most obvious questions was why firms would choose Cardano over Ethereum and Tron. Hoskinson highlighted that ‘it’s not about who’s first to market, or how quickly they can upgrade something.’
In February, The Enterprise Ethereum Alliance (EEA) — an Ethereum blockchain standards-setting organization with over 500 members announced it will launch a “token task force” in 2019. According to reports the firm will focus on the issue of interoperability between different blockchains. The firm will help to build public confidence in crypto and contribute to enterprise tokenization.

The enterprise EEA started a regional office in China and vice president of engineering at blockchain interoperability startup Wanchain, was appointed as the head for the new regional office. Sources suggest that Zhang will be responsible “for supporting the advancement and adoption of EEA’s standards by taking part in local hackathons, workshops, training sessions, and conferences.”

Among the top 20 cryptocurrencies, Cardano [ADA] has gained over 27% in recent seven days and 62% in the last couple of months. The movement brought revolutionary change and took 

Cardano to the 10th place in global cryptocurrency rating.

The largest exchange by trading volume Binance added two ADA trading pairs to the lists of available digital instruments, providing Cardano with additional support. 

At the time of press Cardano was changing hands at $0.069080 with market cap of $1,791,032,632 according to CoinMarketFeed. There was a change of 5.1% in the last 24 hours.