Who Is Charles Hoskinson? The Story Of The Founder Of Cardano (ADA)

2 years ago · Updated 2 years ago

✍️ 16 December, 2022 - 13:41 👤 Editor: Jakub Motyka

Charles Hoskinson is the co-founder of Ethereum (ETH) and the founder of Cardano (ADA), being specially known for the second crypto.
The two blockchains rank among the top ten largest in the industry. This is the story of Charles Hoskinson.

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Charles Hoskinson is a technology entrepreneur and a mathematician from Colorado, USA, behind Cardano (ADA), Ethereum (Ethereum), Input Output (IOHK), and Invictus Innovations. He is a well known person in the crypto world, but... who is Charles Hoskinson?

Let's start speaking about his main crypto projects. Ethereum is the second-largest blockchain after bitcoin, while IOHK is a technology company building cryptocurrencies and blockchains for institutional investors. On the other hand, Invictus Innovations is a blockchain-based firm targeting chip-scale science and technology.

Hoskinson’s early project was the Bitshares network –a decentralized exchange. The 35-year-old developer then proceeded to create the Bitcoin Education program –with the thinking that the cryptocurrency was a digital gold due to its limited supply.

Charles Hoskinson's Contribution To Ethereum

Charles Hoskinson Cardano — Charles Hoskinson.

Hoskinson moved to start Ethereum with seven other co-founders: Vitalik Buterin, Mihai Alisie, Anthony Di lorio, Joseph Lubin, Amir Chatrit, Gavin Wood, and Jeffrey Wilcke. However, the entrepreneur disagreed with Buterin and most of Ethereum’s community members when he proposed that the ecosystem be turned into a for-profit organization.

Sad Ethereum — Charles Hoskinson was one of the co-founders of Ethereum, but after some disagreements with Vitalik Buterin, he left the project.

Hoskinson left Ethereum in 2014 with Gavin Wood, who introduced him to the Input Output Hong Kong (IOHK) project. The startup’s mission was to offer financial services globally in a trustless environment through a scalable and secure network.

The Vision And Milestones Achieved With Cardano

Hoskinson is currently the CEO of IOHK, whose notable project is Cardano, a blockchain powered by cryptocurrency ADA. The token ranks #9 in the blockchain, with a market capitalization of $10 billion. At the time of this writing, the digital asset was trading at $0.302.

Cardano.

The entrepreneur also promotes decentralization through research, public sensitization, and designing smart contracts and decentralized finance (DeFi) tools. Regarding Cardano, Hoskinson opines that it is the most energy-efficient blockchain that other networks can plug into.

In an 'Ask Me Anything' session dated December 12, the developer suggested having Solana (SOL) as one of Cardano’s sidechains (a separate blockchain linked to the main blockchain.) Hoskinson also commented that he has been exploring the possibility of having major blockchains use Cardano for six years. He also made a similar suggestion in October, saying that meme token Dogecoin should join the third-generation blockchain (Cardano).

Through IOHK research, Hoskinson has funded blockchain technology labs globally, including the Tokyo Institute of Technology, the University of Wyoming, and the University of Edinburgh.

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Jared Kirui

EN: Jared Kirui is an experienced financial writer with a passion for all things blockchain technology. Previously, he was into stock markets and forex, providing asset managers with top-notch content. With a flair for producing high-quality articles, he started covering crypto news in 2021. He is open-minded, trades for fun, and enjoys sports.

ES: Jared Kirui es un escritor financiero experimentado apasionado por todo lo relacionado con la tecnología blockchain. Anteriormente, estuvo en los mercados bursátiles y forex, brindando a los administradores de activos contenido de primer nivel. Con un don para producir artículos de alta calidad, comenzó a cubrir noticias crypto en 2021. Tiene una mente abierta, comercia por diversión y disfruta de los deportes.