Cardano founder Charles Hoskinson has called for a reset in the cryptocurrency market, citing widespread fatigue among retail investors. Speaking at the Crypto Consensus event in Hong Kong, Hoskinson noted a significant drop in retail participation, with involvement in the top 100 coins down over 30% since 2021. He attributes this decline to repeated boom-and-bust cycles, speculative excess, and high-profile project failures.
Hoskinson criticized the increasing centralization in the crypto space, where institutional entities and centralized platforms influence key network decisions, undermining decentralization and sidelining smaller investors. He emphasized the need for long-term infrastructure development over short-term speculation, advocating for systems that create tangible, long-term value.
Looking ahead, Hoskinson identified AI economic agents, programmable privacy features, and next-generation wallet experiences as key areas for innovation. He also addressed security concerns related to quantum computing, highlighting the importance of post-quantum cryptography tools. Hoskinson believes that despite current market challenges, opportunities remain for developers focusing on practical, infrastructure-driven solutions.
Cardano's Charles Hoskinson Advocates for Crypto Market Overhaul
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