How Cardanos Charles Hoskinson is helping the crypto community

Charles Hoskinson, the 34-year-old co-founder of Ethereum and founder of Cardano, is one of the rare crypto leaders who actively works to help the cryptocurrency community.

In this article, we wanted to examine him, his work with Cardano, and how he constantly shares his opinions with the public, all to bring crypto closer to the masses.

Who is Charles Hoskinson?

Charles Hoskinson is an entrepreneur and founder of Cardano, one of the world’s top 10 cryptocurrency platforms. He is also the co-founder of Input Output Global (IOHK), a company in the blockchain engineering field that creates blockchain-based infrastructure solutions with high security.

Also, Charles is one of the five Ethereum founders who joined Vitalik Buterin’s team in 2013. He served as the company’s CEO until 2014, when Buterin decided to remove him as the two had opposing views on what Ethereum should be. Buterin wanted to keep the project as a non-profit organization, while Hoskinson believed it should move into commercial waters.

Charles Hoskinson went on to found IOHK with a former Ethereum colleague, and the company eventually developed Cardano, one of the world’s largest cryptocurrencies.

Besides leading IOHK and Cardano, he now mainly works to educate the masses about cryptocurrency and its benefits. He is a big proponent of decentralization and wants to help cryptographic tools become more accessible to ordinary people.

Advantages of Cardano (ADA)

Charles Hoskinson created Cardano with the goal of being a platform for innovators, changemakers and visionaries. Cardano is a proof-of-stake blockchain platform that aims to help the masses and make society more transparent, secure and fair, all in line with what Hoskinson believes.

The name Cardano comes from a 16th century polymath called Gerolamo Cardano. The name of the native Cardano cryptocurrency, ADA, comes from the 19th century mathematician Ada Lovelace, one of the first computer programmers.

The Cardano platform is one of the few blockchains that uses the proof-of-stake consensus mechanism that requires much less energy than Bitcoin’s proof-of-work. It also prides itself on supporting technologies that go through a rigorous process of peer-reviewed research, a view that Hoskinson, a mathematician, also holds dear. This makes Cardano stable and durable – a necessary feature for cryptocurrencies.

Cardano is also very versatile, quite evident from the fact that it now supports the creation of NFTs and smart contracts.

Hoskinson in the Crypto Community

Charles Hoskinson is known for his efforts to help the crypto community improve, teach newbies the benefits of blockchain and crypto, and much more.

His defense of decentralization as a concept and his ADA cryptocurrency is clear. He recently spoke against Michael Saylor, CEO of MicroStrategy, who stated that ADA is a security, unlike Bitcoin, which is a commodity.

Hoskinson argued that Cardano is not only more decentralized than Bitcoin, but it also has many more uses than BTC in the real world. He claimed that ADA is completely decentralized and that people are not using the token for pure speculation, which is often the case with BTC.

Besides defending proof-of-stake and his cryptocurrency, he defends blockchain use in the real world. He recently testified to Congress to adequately explain blockchain and its benefits to the world.

Moreover, he explained the importance of updated regulatory frameworks that will further improve blockchain technology’s place in the eyes of the law.

Hoskinson defended not only his own project, but other startups and how their blockchain-based technologies improve the audibility and transparency of entire industries.

These are certainly great examples of what crypto leaders should do for society. Fortunately, he’s not the only one. Many other companies and individuals are working to educate the masses about the benefits of blockchain and crypto.

A good example is Blueshift, a portfolio-based asset management protocol powered by Cardano. Not only is Blueshift based on Hoskinson’s platform, but it’s a company that shares his view on the importance of educating beginners. The company is constantly striving to improve people’s knowledge of crypto, as it knows how important blockchain technology is and how it needs to be more accessible to common users.

Also, the founder of Blueshift, Igor Mikhalev, met and worked with Hoskonsin, which eventually led him to base his protocol on Cardano. It shows how Hoskinson’s work can significantly influence others and inspire them to create new technological solutions.

The bottom line

Charles Hoskinson is undoubtedly a fascinating individual in the crypto community. His work, especially the Cardano platform, has helped many, but his efforts to educate the masses about crypto, blockchain and decentralization should not go unnoticed.

We need such people and organizations. Through them, cryptocurrency will continue to improve its place in the world, moving further into the mainstream where it can do the most good.