Charles Hoskinson, founder of decentralized finance (DeFI) platform #Cardano #ADA challenges the prevailing narrative by claiming that the cryptocurrency industry is no longer dependent on Bitcoin #BTC for survival. While acknowledging Bitcoin's crucial role in establishing the industry, Hoskinson argues that, with the rise of new technologies and digital assets, Bitcoin has become dispensable. During an interview with Cointelegraph AR, Hoskinson highlights the historical importance of Bitcoin as a digital asset with the reputation of gold, but maintains that the industry no longer needs to rely on it.

Drawing parallels to past technological changes, Hoskinson mentions Microsoft's experience with Windows and warns that Bitcoin could face a similar fate if it does not adapt to changing dynamics and technological advances. It challenges the Bitcoin ecosystem to embrace innovation and consider a roadmap that allows it to remain competitive with other blockchain platforms.

Hoskinson shares Cardano's efforts to foster innovation, citing initiatives such as non-interactive proof-of-work (PoW) and protocols. It highlights how Cardano integrated ideas from the 2010s, such as smart contracts and asset issuance, to offer an alternative in the digital currency space. Meanwhile, Bitcoin is seeking a new all-time high, with a current value of $43,724 🚀 and weekly gains of over 10%.

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