Founder Charles Hoskinson of Cardano predicts that Crypto will dominate the global financial market in the future, so that the boundaries of Tradfi and Defi will be completely deleted. In the meantime, Pierce sees a future in which not -banged societies can benefit from the crypto golf.
During the DNA House -Event In Paris, Hoskinson explained on 10 April that the integration of the crypto space in the world markets will make the financial system even more inclusive and decentralized. He believes it will reach a point where there will no longer be a distinction between traditional finances and decentralized finances. Instead, crypto will be normalized and seen as part of the broader evolved financial system.
“So we are going to have one worldwide market in five to 10 years, which is self-sovereign, which means that you have your own identity, you are in charge of the disclosure regime,” said Hoskinson
“It is liquid, which means that it runs 24 hours a day, seven days a week, everywhere you look, everywhere you go. And assets can be free from one system to another system from your bank to a cryptocurrency, he continued.
Moreover, Charles Hoskinson believes that there will be a “tidal wave of capital” that will flow into the crypto space, in particular of large governments and institutions that used to be reluctant to embrace blockchain technology because of the relevant regulatory risks.
‘[There’s] This gigantic tidal wave of capital and it is waiting to enter the cryptocurrency space and one of the biggest obstacles were the regulatory rules. But when they come down, the last obstacle is how you merged it private with the public, “said Hoskinson.
To tackle this obstacle, the founder and CEO of Cardano (ADA) of Input Output has created a technological solution called Midnight that combines a private smart contract system with a digital identity system. In this way, users can set digital boundaries to protect their data on the blockchain, while also making transactions traceable on the chain.
Charles Hoskinson criticized the way in which some Stablecoin systems are performed in a way that does not make transactions traceable, despite the growing acceptance of stablecoins worldwide through leading Stablecoin mittens companies such as Tether (USDT) and Circle (USDC).
“I have nothing against these companies. They are good companies. They are run by good people; but at the end of the day when you are in a public ledger and transactions, it is forever known for design. So you need a privacy retention system so that you can do those stablecoins but still keep the regulatory diagrams,” Hoskinson said.
Moreover, he also defended more blockchain-to-blockchain partnerships, encourage them to work together in building the crypto room and to make it more accessible to different holders.
“I am just tired of the opponents of this space. I am tired of trying to let Tokenomics try to hate people. We have to keep people apart. We have to let people work together,” Hoskinson said.
Banking of non -stuck societies
Co-founder of DNA Brock Pierce stated that the crypto-friendly approach to the Trump administration led a global acquisition.
In his discussion with Hoskinson, Pierce emphasized the enormous developments that the Crypto space has seen in recent months since President Donald Trump took on. He compared it to how crypto leaders were previously prosecuted by financial supervisors during the BIDEN administration.
“Those days are over. We have permission. And I do not mean that we were permissionless systems, but that does not mean that our management systems or governments gave us permission. We had to go to bed every night, worried that we might have some research that starts tomorrow,” said Pierce.
He explained that the change of the US government in attitude towards cryptocurrency has caused a new era in which other countries follow the example and embrace crypto acceptance in their financial and government institutions.
“This brings us from web2 and in an environment where users are stimulated with slightly more than just access, but an economic participation in the value of the platform. These are huge things.
Pierce himself travels to developing countries in regions in Asia and Africa to help governments to accept crypto in their financial systems. He believes that Crypto can strengthen these developing countries by reducing transaction costs for non -balanced societies that usually consist of a low income citizens.
“The good news is with Layer2S and the architecture of systems that we get around high gas costs and the major transaction costs. This means that the products and services that people build should be able to solve that problem, Pierce said.
