In a recent statement, Charles Hoskinson, the founder of Cardano, praised Bitcoin, highlighting it as the culmination of 50 years of technological advancements and innovation.
Hoskinson’s admiration extends beyond Bitcoin to the entire cryptocurrency ecosystem, which has experienced exponential growth over the past decade. He emphasized that these advancements are not a sudden phenomenon but the result of five decades of research and development across various fields, including cryptography, computer science, and network theory.
From the advent of public key cryptography in the 1970s to the creation of peer-to-peer networks in the early 2000s, these milestones have collectively paved the way for the emergence of blockchain technology.
“Great ideas aren’t the product of sudden inspiration but rather a gradual connection of decades of concepts and progress. Bitcoin and the broader cryptocurrency industry are the end result of five decades of innovation,” Hoskinson wrote.
Hoskinson, who also co-founded Ethereum, illustrated his point by sharing an image captioned “Bitcoin and the Rise of Cypherpunks.” The image depicted a steady progression of technologies, from cryptography in the 1970s to the emergence of proof of work, smart contracts, and peer-to-peer networks, leading to the launch of Bitcoin in 2009. Each step has been crucial in building the foundation for the current cryptocurrency industry.
Cardano Advances Governance
The interim period begins after the impending Chang upgrade, marking a technical governance bootstrapping phase for Cardano. This phase includes bringing decentralized representatives (DReps) and other entities on-chain.
Additionally, the interim phase involves drafting a constitution, which will culminate in early 2025 with the ratification of a final on-chain version.
