Cardano founder Charles Hoskinson reaffirmed his longstanding position that Cardano represents the most important challenge to Bitcoin’s domination.
According to Hoskinson, Cardano’s trajectory over the past seven years reflects consistent adherence to the fundamental principles of decentralization and sound monetary policy.
He said the Cardano community remains true to its initial promises, highlighting that its technological advancements addressed the long-standing restrictions of the Bitcoin network.
Technological advancement and governance model
Hoskinson pointed out some developments in Cardano, and in his view, surpassed the pace of Bitcoin’s innovation. In particular, he referenced the expanded UTXO model. Bitcoin Unique UTXO structure. It allows smart contract support while maintaining a similar security architecture.
He also highlighted Cardano’s Plutus programming language. This allows for the integration of highly decentralized applications and on-chain governance platforms described as superior decision-making frameworks compared to Bitcoin’s informal consensus processes.
Based on these technical milestones, Hoskinson claimed that Cardano had succeeded in functioning in functional features.
He argued that while many of these innovations were originally discussed within the Bitcoin community, they were never prioritized on Bitcoin’s official development roadmap. As a result, Cardano, in Hoskinson’s opinion, positioned it as the “finished work” ecosystem envisaged by early Bitcoin developers.
Decentralization, security, and network stability
Meanwhile, the Cardano Network has been operating for seven years without downtime, hacking or major obstacles. Hoskinson emphasized that the consensus of proof will achieve security comparable to Bitcoin’s work proof system, while providing greater energy efficiency and scalability.
He cited nine years of peer-reviewed research, simulations, and formal method development that culminated in the current stable state of the Cardano Blockchain.
This focus on long-term development is consistent with the belief of Cardano founders that blockchain success should be measured not only by market price and user adoption, but also by technical integrity and resilience. He emphasized that the network’s resilience and evolution reinforces Cardano’s claim that it is “sound money.” This is a term that Bitcoin supporters often use to describe their assets.
Institutional momentum and the future role of Bitcoin
However, Hoskinson also acknowledged the growing institutional support for Bitcoin. Previous Interview At Bitcoin Magazine, we discussed how Bitcoin’s integration with Decentralized Financial (DEFI) progressed due to an upgrade like Taproot introducing new features of programmerism.
He said this evolution has allowed Bitcoin to participate in Defi more effectively, allowing Cardano’s architecture to provide a compatible platform through its own UTXO-based design.
Hoskinson further addressed the impact of institutional involvement on Bitcoin’s market trajectory. He said the entities like Black Rockcurrently holding over 600,000 Bitcoin tokens, and support from some of the US government has contributed to a large market momentum.
He predicted that Bitcoin could reach the price range of $250,000 to $500,000 within two years, and could reach $1 million by the end of the decade, when it was fostered to recruiting from Fortune 500 companies.