How Hoskinson Thinks Cardano is Similar To Bitcoin and XRP

Cardano founder Charles Hoskinson insists Cardano shares a similarity with XRP and the pioneering blockchain network Bitcoin.

Bitcoin, Cardano, and the XRP Ledger are undoubtedly among the leading Layer 1 blockchains in crypto, but beyond that, it can be hard to discern similarities between the three projects. Recently, however, Cardano founder Charles Hoskinson suggested that there is at least one.

Bright Futures

Charles Hoskinson has asserted that Bitcoin, Cardano, and XRP have bright futures. The Cardano founder expressed this view in a Sunday, December 22 broadcast, contending that the ecosystems around these blockchains are strong because they have overcome several hurdles and challenges.

He stressed that projects that got big without being tested often collapse when they face these tests, citing Terra (LUNA) and FTX as prime examples.

Partnerships https://t.co/AWYiaczJvK

— Charles Hoskinson (@IOHK_Charles) December 22, 2024

Hoskinson’s statements in the Sunday broadcast came as he addressed infighting in the Cardano community between Input Output Hong Kong, the primary development firm behind the network, and the Cardano Foundation, a Swiss-based nonprofit tasked with promoting widespread adoption of the blockchain, that has recently come to the fore as the network pursues community governance.

During the recent broadcast, he described the public quarrels as a “necessary evil” and an integral part of any transparent, decentralized process, especially when the community has not had the chance to interact like this in years.

However, he contended that squabbles like these are often followed by progress as people find common ground and set basic principles. He stressed that Cardano’s ability to handle hurdles like these is what made it strong.

Responding directly to sentiments from influential community member Rick McCracken, he dismissed claims that recent squabbles could affect Cardano’s ability to enter and maintain external partnerships.

Cardano in a Good Place?

According to Charles Hoskinson, Cardano is seeing more partnership opportunities than ever, specifically citing the network’s recent partnership with Bitcoin smart contract and interoperability solution provider, BitcoinOS, to unlock Bitcoin liquidity on the Cardano network.

Beyond this example, Hoskinson stressed that in 2025, the network was committed to putting itself out there. He noted that the blockchain would be participating in leading crypto conferences like Bitcoin 2025, Token 2049, Paris Blockchain Week and Consensus 2025.

“Cardano will be there loud and proud,” he asserted.

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