$ADA: Fox Business Anchor Maria Bartiromo Calls Cardano ‘An Incredible Success Story’

On Tuesday (May 3), Maria Bartiromo, the anchor of “Mornings with Maria” on American cable TV channel Fox Business Network (FBN), interviewed Charles Hoskinson, a co-founder of both Ethereum and Cardano, to find out how Cardano solves real-world problems.

Hoskinson, who is the co-founder and CEO of IO Global (aka “IOG”, formerly known as “IOHK”), the company responsible for Cardano ($ADA) research and development, replied:

I’ve been in the space since 2011 and back in that those days, nobody cared about cryptocurrency. We were a very small club. We all kind of knew each other… Back in those days, we were just trying to solve the problem of email for money. We just wanted to be able to send value to people easily and without counterparty risk. And then what happened is people said ‘well, that’s a great idea, but we want programmability’…

In 2013, I helped co-found Ethereum, and there we had smart contracts, and since suddenly we could do crowd sales and we could do NFTs and DEXes and all these things that you see today that are very exciting, but the problem with those technologies is they don’t really scale.

When you start adding lots of users and you want to have a truly global system with millions — eventually billions — and solve real financial problems — whether it be microfinance in Africa or remittances in El Salvador or it be global trade or ESG compliance, these types of things, you simply don’t have the technology to do that at the scale of millions to billions of people.

What I did in 2015 is I took a step back and I said, ‘all right, let’s start a company and do first principles research’. So we opened up labs everywhere… And we wrote 135 papers — mostly peer reviewed — and we kind of built out the scientific backend, the scientific layer at the industry. And then we took those papers and transformed them into high assurance code the, same…

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