News about Bitcoin abound on the net and just browsing I came across the following sentence:

Bitcoin will die the minute an altcoin surpasses it Said by Charles Hoskinson, Ceo of Cardano.

That sentence struck me and moved by curiosity I opened it and today I want to share with you some aspects present in it.

In fact, the phrase was uttered by Charles Hoskinson, the founder of Cardano, in a recent interview.

The Cardano Founder, stated that Bitcoin will be displaced by another altcoin when a rise in Bitcoin is registered.

He adds that it is just a currency with popularity and when it loses it, it will be history.

He also argues that the technology on which this digital currency is based is, by far, the least advanced, since there are currently others that have a technological platform that offers many advantages to the market and gives Ethereum as an example.

He pointed out that bitcoin is a first generation chain that is only dedicated to moving coins from wallet to wallet.

Likewise, he also took the opportunity to mention the urgency of working on a better governance system that would allow it to be on par with other cryptos with something other than its poularity.

Hoskinson points out that there is evidently no consensus among developers and that this would impact the crypto movement affecting the scalability of the crypto and all that will derive in the disappearance of the currency.

Definitely, for those who do not know much about these issues, Hoskinso's approach could be conceived as far-fetched, especially if we consider that in light of the upward trend Bitcoin shows its rebound.

However, it is never too much to pay attention to those who know the most about these issues.

Colornote:

Who is Charles Hoskinson?

After reading the publication I started researching about this gentleman which led me to understand a few things about his statements.

Charles Hoskinson is a founder of Cardano and, he is also listed as a co-founder of Ethereum.

That explains a lot.

He decided to join the Ethereum founding team in 2013 and stepped away from the project in mid-2014. However, he never stopped thinking of Ethereum as a digital currency with a great future.

After a short break, he created together with Jeremy Woood an engineering project focused on crypto and blockchain creation.

This project is called Input Output Hon Kong, IOHK, and Cardano is the key project of it.

Cardano is a blockchain that hosts a crypto called ADA.

Thank you for stopping by and reading this publication

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