#CardanoDebate

The founder of Cardano, Charles Hoskinson, reaffirms his conviction that the biggest competitor to Bitcoin's dominance is not another project, but Cardano itself. According to him, the platform has evolved consistently over the last seven years, maintaining a focus on decentralization, security, and a solid monetary policy — aspects that, in his view, surpass the historical limitations of Bitcoin.

Hoskinson highlights innovations such as the Extended UTXO model, which expands the basic structure of Bitcoin and allows for the creation of smart contracts while maintaining the security of the network. Additionally, the on-chain governance system and the Plutus programming language are pointed out as differentiators that, according to him, realize ideas initially discussed in the Bitcoin ecosystem but never implemented.

Another emphasized point is the operational stability of the Cardano network, which has been running for seven years without interruptions, attacks, or serious failures, using a proof-of-stake model that, besides being more energy-efficient, offers security comparable to that of Bitcoin's proof-of-work.

Despite this positive technical history, Hoskinson does not ignore the growing institutional interest in Bitcoin, driven by major players like BlackRock, which already holds over 600,000 bitcoins. He acknowledges that, with institutional support and recent technological advancements like the Taproot upgrade, Bitcoin has expanded its presence in the DeFi market. Still, he envisions a future where Bitcoin could reach values between US$ 250 million and US$ 1 million, but believes that Cardano offers a more prepared architecture for the complexities of the sector.