Hoskinson Warns Big Tech Threatens Blockchain
The Most Important Points at a Glance
Charles Hoskinson, founder of Cardano (ADA), does not see Ethereum, Solana, or Bitcoin as the biggest competition for blockchain networks, but rather technology giants like Apple, Google, Microsoft, Meta, and Amazon. Once regulatory frameworks are clear, these companies could build their own blockchain infrastructures and dominate the market.
Tech Giants as Potential Market Leaders
Hoskinson warns that major technology companies have a significant advantage in the blockchain sector due to their existing ecosystems and user bases. In a livestream on X (formerly Twitter), he stated:
“Our competitors are not Ethereum, Solana, or Bitcoin. They are Microsoft, Apple, Google, and Amazon.”
He points out that companies like Apple and Google, through their established payment systems – Apple Pay and Google Pay – could easily introduce their own stablecoins or collaborate with existing providers like Circle.
Regulations as a Turning Point
A crucial factor for large technology companies entering the blockchain market is regulatory clarity. Hoskinson believes that the imminent passage of a stablecoin law in the U.S. could accelerate this development. Once clear rules are in place, companies like Meta, Google, and Microsoft could launch their own blockchain solutions.
What Does This Mean for Cardano?
Hoskinson’s statements have fueled speculation about a possible collaboration between Cardano and Microsoft. Additionally, Grayscale has filed an application for a Cardano ETF, which could increase institutional interest in ADA. Despite these positive developments, the market remains volatile. The current ADA price stands at 0.7801 USD, with a decline of 2.55% in the last 24 hours (Source: CoinMarketCap).
Our Assessment
If technology giants actually build their own blockchain networks, it could threaten the decentralized nature of the industry. The question remains whether existing Layer-1 networks like Cardano, Ethereum, or Solana can withstand the financial and technological dominance of these major corporations. Upcoming regulatory decisions will play a key role in shaping the future of the market.
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| Symbol | ADA |
| Coin type | Alt Coin |
| Transaction Speed | High |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | $0.77 |
| 24h % | -3.30 % |
| 7d % | -2.54 % |
| 30d % | -21.04 % |
| 60d % | -15.58 % |
| 1y % | 30.68 % |
| Market Cap | $27,823,654,269.00 |
| Max. Supply | 45,000,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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