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    Home»Crypto»Why Cardano’s Founder Chose to Miss the Davos WEF: An Inside Look
    Crypto

    Why Cardano’s Founder Chose to Miss the Davos WEF: An Inside Look

    financeBy financeJanuary 21, 2025No Comments4 Mins Read
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    Imagine the world’s elite gathering for a high-profile event, and a prominent figure chooses to attend a concrete expo instead. This is the story of Charles Hoskinson, the founder of well-known cryptocurrency Cardano. Rather than attending the annual Davos gathering, he opted to go to the World of Concrete expo in Las Vegas. This decision underlines his personal commitment to building, technology, and hands-on innovation.

    Skipping WEF In Davos: A Focus On The Unconventional

    Through his latest livestream, Hoskinson revealed his diverse interests and entities. He said, “I do more than just crypto. I have several businesses, one of which is a regenerative medicine company. I’m also a bison rancher, and indirectly a contractor through my own company, Hoskinson Contracting.” As a person involved in various industries from regenerative medicine to concrete technology, Hoskinson admitted that his commitments often lead him down different paths.

    While many from the crypto world gathered in Davos, and his team represented him at the presidential inauguration, he stayed focused on his interest in concrete and construction. Hoskinson shared his experiences of attending the World of Concrete expo every year. He highlighted the benefits of immersing himself in an environment where he isn’t recognized and can learn new things.

    Cardano: A Global And Decentralized Ecosystem

    A part of the Cardano community might have attended Davos, but not Hoskinson. He described Cardano as a large, versatile entity where members can choose their own missions and events. He also drew attention to the latest technological developments within Cardano. Talking about the new Plomin hard fork and the activation of a fresh governance layer, he stated,“We’re at 2025; while I’m here, the fork is underway. It’s almost done, and in just a few days, Chang+1 is coming, the Plomin hard fork, which adds an entirely new governance layer to Cardano.”

    Emphasizing on the strength of decentralization, Hoskinson said it allows the Cardano ecosystem to remain resilient and inclusive. He admits to not being a fan of formal events but doesn’t shy away from acknowledging the importance of being diplomatically adept in certain settings.

    Cardano: More Than A Cryptocurrency

    Hoskinson sees Cardano as more than just a cryptocurrency. He built it to be a layer that the world uses to change its political, economic, and social system. It is here the voting happens, and it’s where the money resides. He hopes the next ten years will bring significant transformations, with progressions in artificial intelligence and blockchain technology.

    As for the global financial system, Hoskinson referenced past crises and stated the need for a more transparent monetary framework that benefits everyone. He guided the conversation toward Cardano’s future, mentioning important milestones such as debates around Cardano’s permanent constitution and ecosystem-wide budgets.

    Conclusion

    Charles Hoskinson, the founder of Cardano, might have traded the black-tie event this year for an expo focused on concrete, but his vision for Cardano reaches far beyond traditional cryptocurrency aims. With the assurance of more transparency and inclusive governance, Hoskinson seems to be building a foundation that could catapult Cardano and its users to newer heights.

    Q: Who is Charles Hoskinson?
    A: Charles Hoskinson is the founder of well-known cryptocurrency Cardano.

    Q: Why didn’t Hoskinson attend the annual Davos gathering?
    A: Hoskinson chose to attend the World of Concrete expo in Las Vegas, underscoring his personal passion for building, technology, and hands-on innovation.

    Q: What is the new development in Cardano?
    A: Hoskinson mentioned the Plomin hard fork and the activation of a fresh governance layer in Cardano.

    Q: What is Hoskinson’s vision for Cardano?
    A: Hoskinson sees Cardano as more than just a cryptocurrency. He built it to be a layer that the world uses to change its political, economic, and social system.

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