Charles Hoskinson

Charles Hoskinson

Charles Hoskinson (born November 5, 1987) is the founder of Cardano and a co-founder of Ethereum, which are two of the world’s most popular cryptocurrency networks. 

He is the CEO and founder of IOHK, the company behind the Cardano blockchain. IOHK’s key project is Cardano, a public blockchain and smart-contract platform that hosts the ADA cryptocurrency. 

Despite surging high and achieving to become the third-largest cryptocurrency by market cap, there have been concerns of the blockchain being just vapourware. 

Why is he important in the crypto world?

Charles Hoskinson is one of the fundamental characters of crypto since he was a co-founder of Ethereum and founder of Cardano, two of the most important projects that have modified the crypto world. In addition, his participation and interest in educational programs is very important to increase awareness and enlarge the crypto world. 

With the creation of IOHK, it innovated projects, with great effectiveness thanks to the concern for the prestige of its participants to guarantee the best of the best to its clients, who are becoming more and more known within the community and today they continue to surprise together with Cardano. In addition to its contribution to knowledge, it contributes to the crypto world economically through investments and betting on this that is becoming more and more important.

Who is Charles Hoskinson?

Charles Hoskinson was born in 1987 in Colorado, USA, there he studied cryptography and mathematics at the universities of Colorado and the Metropolitan State University of Denver. He is an American entrepreneur and cryptocurrency specialist. Best known as a former co-founder of Ethereum, founder of Cardano, and CEO of IOHK (Input Output Hong Kong). He is also the creator of the project “The Bitcoin Education Project”. 

His net worth is estimated to be around $500-600 million, and he is regarded as one of the richest people in the crypto community. 

His career in the crypto world begins by founding several crypto start-ups. In 2013 after the concept of “stablecoins” appeared by Dan Larimer, Charles helped examine this idea and create a business plan, thereby co-founding Invictus Innovations. This same year he began to co-found Ethereum alongside Vitalik Buterin and 6 other developers. 


Timeline

In 2013 Hoskinson quit a consulting job to begin a project called the Bitcoin Education Project. Cardano carried out its ICO in 2017, which raised $63 million during its sale of the ADA token. 

In 2015, Hoskinson co-founded IOHK with Jeremy Wood, a former coworker from his Ethereum days. Though Cardano is similar to Ethereum in that it is intended as a basis for smart contracts and blockchain programs, Hoskinson’s vision for Cardano was slightly different. This protocol combines the efficiency of proof-of-stake consensus with the security of Bitcoin mining.  

“I never thought we would get this far.”

Charles Hoskinson

In 2017, Hoskinson and IOHK sponsored research labs focusing on blockchain technology at the University of Edinburgh and the Tokyo Institute of Technology. […] Hoskinson was approached by former Ethereum colleague Jeremy Wood to form a new project called IOHK (Input Output Hong Kong), an engineering and research company that builds cryptocurrencies and blockchains. […] According to Hoskinson, Bitcoin’s growth in power consumption (see Bitcoin#Energy consumption) has been inevitable stating: “Bitcoin’s energy consumption has more than quadrupled since the beginning of its last peak in 2017 and it is set to get worse because energy inefficiency is built into bitcoin’s DNA”. 

The founder of Cardano, Charles Hoskinson in a recent interview with Bloomberg expressed the ambitious developments and prospects for the platform. He revealed that over 100 companies are in the process of moving from Ethereum to Cardano. 

What is Ethereum? 

Ethereum is the second-largest cryptocurrency in the crypto market. It adopts blockchain technology. Like Bitcoin, the value of this currency shot up in a short time, in January 2016 its value was hovering within 1 dollar, but then in 2018, it touched its highest level of $1,391. It is one of the few coins that achieves a significant market capitalization alongside its two rivals Bitcoin and Bitcoin cash. 

Additionally, in September 2013 he established the Cryptocurrency Research Group, served as the founding chairman of the education committee of the Bitcoin Foundation, and as the director of the Bitcoin Education Project. 

Years later, in 2015, together with Jeremy Wood, he founded IOHK a research and development company. The company’s goal is to create decentralized systems and establish them in such a way that they can be self-sufficient over time. The flagship product of this company is Cardano. 

What is Cardano? 

Cardano is the first Blockchain project, carried out by the technology company IOHK, which is developed from a scientific philosophy, it is the only project that was designed and built by a global team that is composed of leading academics and engineers from the Blockchain community.

These remarkable features from its inception make this technology secure, flexible and scalable that can support millions of users from anywhere in the world. 

“What we’ve been doing is putting all the pieces together. We are wrapping up the Cardano 2020 research agenda, and the idea is that over time, as the research crystallizes, we will make it the best commercial product we can. ” Hoskinson said in an interview for Forbes. 

Some key phrases

  • “I never thought we would get this far . 
  • “My company is 100% powered by revenue . 
  • “We explore many different forms of monetization.”
  • “We have a whole division in the company that thinks about profitability . 
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