Charles Hoskinson, the co-founder of Ethereum and founder of Cardano, joined Cointelegraph’s Hashing It Out podcast to discuss the current state of crypto and take a deep dive into Cardano. Hoskinson explained the need to create Cardano despite the rebuilding of the network effect, which allowed for an unadulterated vision. He acknowledged the multichain nature of the industry and believes that to stand out among various blockchains, you need the right product-market fit, great user experience, and a “softer” onboarding process. Cardano has come under criticism for delayed updates and setbacks, which Hoskinson attributes to betting on the wrong technology and being ambitious with the roadmap. He also plans to expand Cardano's reach on the continent from East Africa to West Africa, with Ghana as a prime focus.

(By ELISHA OWUSU AKYAW)