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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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Cardano Founder Charles Hoskinson Claimed That ADA Will Make Bitcoin and XRP More Valuable! Criticized the Two Altcoins!
The Cardano founder Charles Hoskinson, who has drawn attention with his statements, recently made remarks about Bitcoin (BTC), ADA, and XRP.
Speaking with Sam North from eToro, Hoskinson pointed to Cardano as a solution to some major issues in the XRP Ledger (XRPL) and Bitcoin (BTC) ecosystems.
Hoskinson stated that the things that stand out about Cardano are security, flexibility, scalability, and robustness, mentioning that Cardano aims to be the only platform for DeFi on Bitcoin with features such as UTXO for security and Hydra for scalability.
The famous figure, pointing out that Cardano has a solid governance and deflationary model, believes that assets like ADA are becoming increasingly attractive.
Hoskinson stated that the integration with Cardano will contribute to the growth of Bitcoin and XRP, arguing that the integration of BTC and XRP into Cardano's privacy blockchain, Midnight, will provide positive contributions to both sides.
According to DeFiLlama data, the total TVL of Ethereum and Solana is approximately 72 billion dollars, while the TVL of Cardano is currently around 398 million dollars.
While a huge increase is required for Cardano's TVL to reach four times the total TVL of Ethereum and Solana, Hoskinson claims that this increase could happen with the integration of the XRP and Bitcoin ecosystems.
Finally, Hoskinson, who supports XRP and Bitcoin, criticized Ethereum (ETH) and Solana (SOL). The founder of Cardano, who criticized Solana for relying on speed and memecoins, argued that Ethereum's model is flawed and that value is moving towards faster, cheaper chains.