Cardano: The ethereum Killer?

When discussing platforms aiming to overtake ethereum, Cardano is often one of the first names that come up. Created by Charles Hoskinson, Cardano and its native token ADA have established themselves as a significant player in the blockchain industry, boasting one of the largest and most active communities, rivaling XRP. Despite a decrease in TVL during the crypto winter of 2022, Cardano remains strong, demonstrating its resilience and importance in the industry.

Who is Charles Hoskinson?

Charles Hoskinson is a scholar and cryptocurrency entrepreneur renowned for his creation of Cardano, a public Layer 1 blockchain built on the proof-of-stake consensus mechanism. With a background in mathematics and computer science, Hoskinson’s contributions to the crypto industry are highly regarded. While Cardano is his most notable project, he has also been involved in various other crypto ventures, including the creation of ethereum.

Charles Hoskinson’s Early Life

Born on November 5, 1987, in Hawaii, Charles Hoskinson hails from a family of doctors. Despite this, he chose to pursue a career in math and computer science, driven by his longtime fascination with computers. Hoskinson attended the Metropolitan State University of Denver and the University of Colorado, Boulder, although he did not earn a degree from either institution.

During his university years, Hoskinson’s research interests focused on Analytic Number Theory before transitioning to cryptography due to his exposure to the crypto industry.

In 2013, Hoskinson became the founding chairman of the bitcoin Foundation’s education committee. He launched the bitcoin Education Project (BEP), an online school offering lectures on bitcoin-related topics. With BEP, Hoskinson aimed to bridge the knowledge gap in the crypto community and add one million users to the bitcoin ecosystem within a year.

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Charles Hoskinson’s Involvement with ethereum

Through the bitcoin Education Project, Charles Hoskinson networked with influential figures in the crypto space, including Anthony Di Iorio, a core member of the team forming around Vitalik Buterin’s ethereum project. Impressed by the idea of a decentralized world computer, Hoskinson offered his support and vetted the project. Di Iorio provided Buterin with a $150,000 grant, and Hoskinson joined the team as an original co-founder.

In late 2013, Hoskinson became involved with ethereum, serving as one of its co-founders and briefly holding the position of CEO. However, internal disagreements regarding ethereum‘s organizational structure and for-profit/non-profit status led to a split within the team. Ultimately, Hoskinson, along with another co-founder, left ethereum in June 2014.

Introducing Cardano (ADA)

After his departure from ethereum, Charles Hoskinson took a break before Jeremy Wood, Hoskinson’s former assistant and managing ops at ethereum, proposed the creation of Input Output Hong Kong (IOHK). IOHK laid the foundations for Cardano, a decentralized public blockchain and cryptocurrency project. Launched in 2017, Cardano became the first blockchain to adopt the proof-of-stake consensus mechanism.

Cardano distinguishes itself through its academic rigor, empirical research focus, and peer review process. While lacking a traditional whitepaper, Cardano follows core design principles such as interdisciplinary cooperation, early engagement of InfoSec experts, and a long-term perspective on mobile compatibility.

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