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In a new interview with Fortune, Charles Hoskinson, creator of Cardano, co-creator of Ethereum and founder of IOHK, company developing cryptocurrency technologies and blockchain chains, talk about the evolution of cryptography and how it can raise billions of people.
According to Hoskinson, the goal of Cardano's ecosystem is to apply technology to solve very difficult and real challenges by applying it "to the most hostile places you can imagine – the developing countries".
"It's often said that Cardano is the financial operating system of countries that do not have one. We really want to be the entity that solves the problem of remittances. And we really want to be the protocol that solves the problem of microfinance and reduce these loans from 35% to 5%. We would really like to be able to find a way to extend these cryptocurrency protocols into fundamentally offline environments. How do you use cryptocurrency if you do not have internet access? How do you use cryptocurrency if you only have a sporadic ability to charge your phone or laptop?
These are the kinds of issues and areas in which we really want to advance this third-generation technology, so that we can reintegrate the other three billion people who are not funded in the financial system and prosper like the rest of the world. we.
Hoskinson praises Bitcoin and Ethereum for the construction and popularization of decentralized systems, but says the systems are too dirty.
"You really have to think outside the box and develop fundamentally different protocols that allow you to evolve."
In addition to scalability, he and his team are focusing on how to turn spending, sending and storing different cryptocurrencies on a variety of devices into a seamless and high quality user experience .
"How are we going to have our Bluetooth or Wi-Fi moment for our space? It would be a very bad thing if every time you bought a headset, it only worked with one device. Or in time, you went to a hotel, it would only connect to certain phones. "
With standards in place to move value and information between Bitcoin and Ethereum and among all leading books, Hoskinson's sees the potential of moving the financial sector to the next level of innovation.
But the methods that people will use to evolve these systems, he thinks, will be new. There will be no president or even a group of leaders to guide us.
"This is the first time we have flirted with the idea of a society without a CEO, a country without a president. It's a very big challenge and it's something that will occupy most of the 21st century for the cryptocurrency space. "
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