[DigitalToday reporter Yoonseo Lee] Charles Hoskinson (찰스 호스킨슨) rated Cardano (ADA) as a better store of value than bitcoin.
On Nov. 12 (local time), blockchain media outlet The Crypto Basic reported that Hoskinson set out that view in a surprise question-and-answer session held on Nov. 7, citing Cardano’s monetary structure and upgrade potential.
Hoskinson said he has never promised that Cardano would overtake bitcoin. Still, he argued that ADA is a much better store of value than bitcoin and has superior technology. He cited a principles-based monetary structure, a capped issuance policy like bitcoin’s, and an extended UTXO model as key grounds.
Cardano’s maximum supply is 45 billion ADA. That cap is protected by the Cardano constitution. The current total supply is about 44.99 billion ADA, with some held in reserves and continuing to enter the market through staking rewards. Hoskinson called this a “deflationary monetary policy” like bitcoin’s. Circulating supply can keep rising depending on reserve allocation, so his phrasing is interpreted as emphasizing a structure with a supply cap.
He also stressed the technical structure. Hoskinson said Cardano is based on a UTXO structure like bitcoin’s but supports smart contracts and can respond to new threats such as quantum computing. He also said Cardano’s next task is attracting users rather than completing the technology.
He cited RealFi, Pogun and Midnight as examples of that strategy. He argued these projects are not distracting focus from Cardano but serve as channels to bring users and activity into the ecosystem.
He presented Ouroboros Leios as a scaling roadmap. Leios is designed to raise throughput by adding additional transaction-processing capacity separate from the existing Praos chain. The publicly disclosed Musashi testnet has been operating since June, and earlier tests showed about 6 times the throughput of the current Cardano mainnet in a synthetic-load environment.
Leios has not yet been applied to the mainnet. In an update on Nov. 6, Intersect said Node 11.3 needed at least another 2 to 3 weeks to reach release candidate status as of that point. In a Nov. 11 update, the Cardano Foundation also said Node 11.3 was expected in December and that additional testnet adjustments were needed. The Dijkstra hard fork must also go through on-chain governance procedures.
The core of his remarks was that he explained Cardano’s competitiveness through its monetary structure, technical design and application-attraction strategy together. The article said advancing base technology alone is not enough, and pointed to projects that draw in real users and transactions as a factor that will determine the ecosystem’s maturity.
