Cardano founder Charles Hoskinson recently shared insights about the fundamental mistake his team made and its implications for the project and the market.
Investment Mistakes of Cardano
Charles Hoskinson expressed regret regarding Cardano's wrong investments in its smart contract model. He admitted that these mistakes led to a loss of competitive advantage. Hoskinson pointed out that the rigidness of the smart contract model made it challenging for developers.
Impact on Competition with Solana
According to Hoskinson, Cardano's mistakes have contributed to the successful development of its competitor, Solana. "Cardano was excited about its long-awaited smart contracts. However, we made the wrong investment, and in the end, Solana benefited from that," he noted.
Hoskinson's Optimism Despite Setbacks
Despite the mistakes, Hoskinson remains optimistic. He believes that Cardano can recover its position despite the challenging circumstances that arose from their investment decisions.
Charles Hoskinson candidly discusses Cardano's shortcomings and their consequences, highlighting the importance of analyzing and adjusting investment strategies in the crypto industry.
