'Great cryptocurrencies have to go through several collapses,' says Cardano founder
Cointelegraph
Published Nov 02, 2022 06:06PM ET
Updated Nov 02, 2022 07:40PM ET
Charles Hoskinson, the founder of Cardano and one of the co-founders of Ethereum, said one of the biggest lessons crypto users could take away from the collapse of Terra and other projects was learning to appreciate those that withstood the test of time.
Speaking to Cointelegraph at the Web Summit tech conference in Portugal on Nov. 2, Hoskinson said he had seen many companies in the crypto space collapse, from Silk Road to Mt. Gox. According to Hoskinson, protocols that survived were “resilient under an adversarial load,” capable of weathering both bear and bull markets — something of which many decentralized finance projects were incapable.
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Written By: Cointelegraph
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