- Cardano Founder Charles Hoskinson preaches interoperability.
- He shines light on a Ripple and Bitcoin collaboration on Cardano.
- Cardano will offer BTC and XRP DeFi functionality soon.
The crypto industry was always limited due to a lack of interoperability, which hindered true collaboration between promising blockchains. This called for a strong action for blockchains to enhance interoperability, a feat most blockchains could not deliver. However, one of the biggest interoperability advocates, Charles Hoskinson preaches interoperability, shining light on Ripple and Bitcoin collaboration for functional DeFi.
Charles Hoskinson Preaches Interoperability
The Cardano ecosystem is a highly ambitious project. The blockchain began developing about a decade ago, making its native crypto asset, the altcoin ADA, a legacy token. Its Founder, Charles Hoskinson is a visionary leader who hoped not only to build Cardano to be a complete and truly decentralized blockchain, but to also ensure that the blockchain could withstand the ages and meet the needs of future expectations.
Hoskinson took 10 years to complete the Cardano ecosystem and built it steadily with heavy research and peer reviews to make it what it is recognized as today, a fully decentrlaized blockchain that delegates power to its community. So far, Cardano has received a lot of hate from an impatient greater crypto community. However, true Cardano believers have been steadily stacking ADA, hoping to see the blockchain’s success reflected in the token.
What makes Hoskinson a true visionary is the fact that he works not just to make Cardano a formidable chain, but that he made Cardano to be an ecosystem that won’t just success on its own. Hoskinson believes that the world needs innovators to present the best possible outcome in any situation. Thus, he believes interoperability must be among the top features of a truly promising blockchain.
Cardano Will Collaborate with Ripple and Bitcin for DeFi Functionality
So, Cardano now stands with superior interoperability, and paired with the Midnight Sidechain, another brilliant Hoskinson accomplishment, Cardano can connect with a number of other blockchains and boost collaborate. The fact that its ecosystem is infinitely scalable also offers a high probability of success for developers joining and building on Cardano. Hoskinson even went so far as to improve the BTC ecosystem.
It comes as no secret that Cardano has been working to allow BTC DeFi options through its chain. As we can see from the post above, Charles Hoskinson said, “for us to service all the needs of Bitcoin DeFi and XRP DeFi, we must work together”. This is proof that Cardano will be collaborating with Bitcoin and Ripple to offer unique BTC and XRP DeFi options to BTC and XRP holders.
This is only one such bullish collaboration from Cardano. Recently, Hoskinson let slip that they are working with Chainlink (LINK) as well. Hoskinson also passed a financial audit, proving the integrity of Cardano, the project, and its leader, Hoskinson. All in all, Cardano’s ADA seems ready to experience the success of the blockchain for itself.
