According to U.Today, Charles Hoskinson, the founder of Cardano, recently lauded Bitcoin as the pinnacle of 50 years of technological progress and innovation. His commendation extends to the entire cryptocurrency ecosystem, which has seen exponential growth over the past ten years. Hoskinson emphasized that the advancements in cryptocurrencies are not sudden but are the outcome of half a century of research and developments in various fields such as cryptography, computer science, and network theory.
The evolution of public key cryptography in the 1970s to the establishment of peer-to-peer networks in the early 2000s has collectively laid the groundwork for the advent of blockchain technology. Hoskinson stated, 'Great ideas aren't the product of sudden inspiration but rather a gradual connection of decades of concepts and progress. Bitcoin and the broader cryptocurrency industry are the end result of five decades of innovation.'
Hoskinson, who is also a co-founder of Ethereum, illustrated this point by sharing an image captioned 'Bitcoin and the rise of cypherpunks.' The image depicted a steady progression of technologies, from cryptography in the 1970s to the emergence of proof of work, smart contracts, and peer-to-peer networks, culminating in the launch of Bitcoin in 2009. Each step has been instrumental in building the foundation for what we now recognize as the cryptocurrency industry.
In related news, Intersect, a member-based organization for the Cardano ecosystem responsible for ensuring its continuity and future development, is soliciting applications from the Cardano community to join the Interim Constitutional Committee (ICC). The ICC, composed of seven members, will uphold the interim constitution while the community transitions to the Chang upgrade. The interim period, which includes constitution drafting, begins after the Chang upgrade and will conclude in early 2025 when a final on-chain version is ratified.