Charles Hoskinson's ambitious plan to position Cardano as the leader in Layer 1

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The founder of Cardano has charted an aggressive path for his blockchain project, aiming to establish its position among the major players in the decentralized ecosystem. Hoskinson’s recent statements reveal a clear strategy: transforming Cardano into a powerhouse capable of competing directly against the leading Layer 1 projects.

Cardano versus Ethereum: The current market gap

Today, the gap between the two projects remains significant. Ethereum maintains a market capitalization of $240.61 billion, while Cardano is valued at $9.87 billion. This disparity highlights the colossal challenge that Charles Hoskinson implicitly acknowledges when proposing that his blockchain can reach and eventually surpass the smart contract leader. During an interview with Altcoin Daily, Charles Hoskinson jokingly remarked that Vitalik Buterin might consider retiring once Cardano surpasses Ethereum in market capitalization. However, beyond the playful tone, he revealed his true goal.

Hoskinson’s vision: Surpassing rivals like Solana and Tron

The core of Charles Hoskinson’s strategy focuses on positioning Cardano as the undisputed winner in the Layer 1 blockchain race. His immediate rivals are not only Ethereum but the entire emerging ecosystem that includes Solana, Tron, and other rising competitors. This perspective reflects a strong business ambition: establishing Cardano as the preferred choice for developers and users seeking scalability, security, and decentralization in the blockchain’s layer 1.

Midnight: The technological catalyst for growth

The upcoming Midnight upgrade represents a crucial milestone in Cardano’s evolution. Hoskinson emphasizes that this mainnet launch, scheduled in the near future, will be decisive in demonstrating the technical capabilities and innovation underpinning his vision. This upgrade is not merely a functional enhancement but a testament to Charles Hoskinson’s commitment to building next-generation blockchain infrastructure.

Cardano’s journey still has thousands of miles ahead, and Charles Hoskinson remains unwavering in his determination to transform his blockchain into a global industry benchmark.

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