‘Great cryptocurrencies have to go through several collapses,’ says Cardano founder By Cointelegraph
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‘Great cryptocurrencies have to go through several collapses,’ says Cardano founderCharles Hoskinson, the founder of and one of the co-founders of , said one of the biggest lessons crypto users could take away from the collapse of and other projects was learning to appreciate those that withstood the test of time.
Speaking to Cointelegraph at the Web Summit tech conference in Portugal on Nov. 2, Hoskinson said he had seen many companies in the crypto space collapse, from Silk Road to Mt. Gox. According to Hoskinson, protocols that survived were “resilient under an adversarial load,” capable of weathering both bear and bull markets — something of which many decentralized finance projects were incapable.
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‘Great cryptocurrencies have to go through several collapses,’ says Cardano founderCharles Hoskinson, the founder of and one of the co-founders of , said one of the biggest lessons crypto users could take away from the collapse of and other projects was learning to appreciate those that withstood the test of time.
Speaking to Cointelegraph at the Web Summit tech conference in Portugal on Nov. 2, Hoskinson said he had seen many companies in the crypto space collapse, from Silk Road to Mt. Gox. According to Hoskinson, protocols that survived were “resilient under an adversarial load,” capable of weathering both bear and bull markets — something of which many decentralized finance projects were incapable.
Continue Reading on Coin Telegraph
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