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Cardano Founder Warns Decentralized ID War “Is Going to Be a Big One”

Cardano (ADA) founder Charles Hoskinson has warned of an impending decentralized sector identity war as the crypto sector moves towards mass adoption. 

According to Hoskinson, the wars will likely accelerate in the next 24 months, and if the sector does not get decentralization right, it will mean a bleak future for the crypto space, he said during the Web Summit 2022 on November 24. 

Notably, the Cardano founder stated that with the smart contract wars over, the decentralized identity would be big while noting players in the sector understand the area is ‘the choke point.’

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