Charles Hoskinson, the CEO of IOHK and Co-founder of Ethereum, spoke about Cardano’s progress since IOHK released ‘Cardano whiteboard and overview with Charles Hoskinson’ video in October 2017, in an interview with Ivan on Tech, on 9 April 2019.
The interview began with Hoskinson stating that the actual inception of Cardano was in 2015, when it was an “aspirational project”. He stated that the team identified three different areas that required focus in order to compete with Bitcoin and Ethereum, while also being unique. This was followed by Hoskinson stating that Bitcoin’s idea was to be decentralized money and to create a decentralized ledger. He said,
“[…] it wasn’t until 2013 that that really solidified and we reached a billion dollar market cap and people said oh cryptocurrencies are here to stay. The problem with Bitcoin is it’s blind deaf and dumb you can’t really do much with it […]”
He stated that even “minor things” such as issuing another asset was a “big, exhaustive effort”. Hoskinson added that Ethereum was created in 2013 using a concept that enabled people to implement “whatever they want on top of that” by adding a programming language to a blockchain. He went on to state,
“[…] the problem is that a definitely scale, it’s not really interoperable with all the other systems, there are over a thousand different cryptocurrencies that matter. And finally, there really is no governance notion with it, there’s no sustainability. So then, who pays and who decides […]”
Hoskinson stated that the 2017 video where he presented the roadmap and overview of Cardano laid out a “collection of ideas” that the team came up with two years earlier. He further stated,
“[…] what we did is we said alright,