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<ul class="summary-list"><li><keyword id="5294933" type="UNKNOWN" weightage="60" keywordseo="cardano" source="Orion">Cardano</keyword> founder <keyword id="12003782" type="UNKNOWN" weightage="60" keywordseo="charles-hoskinson" source="Orion">Charles Hoskinson</keyword> recently sat down with Insider for an interview.</li><li>He discussed a wide range of topics from the future of DeFi, to what he called "bitcoin maximalism".</li><li>The cardano network is one of the fastest growing blockchains and can now carry smart contracts.</li></ul>Cardano founder Charles Hoskinson believes no one blockchain will dominate the <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> sector, but rather, there will be an "<a href="https://markets.businessinsider.com/news/currencies/cardano-smart-contracts-charles-hoskinson-blockchains-alonzo-polkadot-ethereum-2021-9">internet of blockchains</a>." The network recently underwent a major <a href="https://markets.businessinsider.com/news/currencies/cardano-smart-contracts-charles-hoskinson-blockchains-alonzo-polkadot-ethereum-2021-9">upgrade</a> that gave it the ability to host <a href="https://markets.businessinsider.com/news/currencies/cardano-ada-alonzo-upgrade-defi-smart-contracts-charles-hoskinson-2021-9">smart contracts</a> and other applications like non-fungible tokens.Its native ada token has gained nearly 1,250% this year, and is now the <a href="https://markets.businessinsider.com/news/currencies/crypto-adoption-africa-surged-1200-avoided-banks-exchanges-chainalysis-2021-9">third-largest </a>by market capitalization, behind bitcoin and ether. Hoskinson recently spoke with Insider about the key alonzo network upgrade, the future of decentralized finance and how smaller blockchains like cardano haven't yet seen the benefits of institutional investors jumping on the crypto bandwagon. He covered a variety of subjects, ranging from maximalism in the crypto space, welcomed more "quality standards" for networks and even spoke about his upcoming tour in Africa - the world's third fastest growing crypto economy. <h2>Here are the 10 best quotes, lightly edited for clarity: </h2><ol><li>"Unfortunately in our industry, there's a great degree of maximalism if you go and talk to a bitcoin person, they are like: 'bitcoin is the only truth and everything else is a sh*t coin'."</li><li>"The other thing is DeFi needs to turn into 'real-fi' and needs to grow up, so that means it needs governance and true decentralization."</li><li>"It needs to have metadata standards, it needs to have quality standards, it needs to have real customers, it needs to have identity built in, all these types of things." - on what decentralized finance needs to mature.</li><li>"What's great about cryptocurrencies - they're divorced from humanity in this respect."</li><li>"It's not necessarily about who's cheapest right now, it's about variance." - on discussing transaction fees on different crypto networks. </li><li>"(I am going to) go right to Africa, and we're going to South Africa, we're going to Tanzania, Zanzibar, Burundi, Ethiopia, Kenya and Egypt and we're meeting five heads of state." - on his upcoming tour of Africa, where crypto adoption has soared 1,200% in a year. </li><li>"This (funding) round (raised) $4 million - we think over 50,000 participated, and - that engine keeps growing." - on Cardano's latest funding efforts.</li><li>"Almost all the growth has been like bitcoin - organic, and it didn't have some centralized driving force that was doing market-making deals behind the scenes. Now that was a double-edged sword, it meant it took a hell of a lot longer for us to get listed on Coinbase." - on the challenge of purely organic growth.</li><li>"(Institutional investors) tend to only buy bitcoin - but they're starting now to use utility impact, environmental concerns and other things as investment criteria, which excludes bitcoin." - on investor reservations over bitcoin.</li><li> "So then they have to move down the line and actually have to go with proof of stake systems and we're the largest. So we think we should get the lion's share of those allocations." - on cardano's edge over its competitors.</li></ol>

Cardano founder Charles Hoskinson discusses 'bitcoin maximalism', how DeFi needs to turn into 'real-fi' and his plans for digital transformation in Africa in a recent interview. Here are the 10 best quotes

<ul class="summary-list"><li>The <keyword id="105472" type="General" weightage="60" keywordseo="us-treasury" source="Orion">US Treasury</keyword> does everything in its power to kill <keyword id="2721952" type="General" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword>, according to <keyword id="5294933" type="General" weightage="60" keywordseo="cardano" source="Orion">Cardano</keyword> founder <keyword id="4783377" type="General" weightage="60" keywordseo="charles-hoskinson" source="Orion">Charles Hoskinson</keyword>.</li><li>Hoskinson was speaking in South Africa for a pan-African tour that started last week. </li><li>"A $2 trillion industry just pops up in our backyard, and my government's trying to kill it," he said. </li></ul>The US Treasury Department is doing all it can to shut down crypto assets, Cardano founder Charles Hoskinson said late last week during a tour of Africa. He kicked off an event in Cape Town, South Africa, by saying he is not discouraged by the Treasury's efforts to limit the growing <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=article-editorial">crypto community</a>. Regulators have been scrutinizing the crypto industry more closely to safeguard against money<a href="https://markets.businessinsider.com/news/currencies/binance-insider-trading-investigation-traded-customer-orders-intensifying-us-probe-2021-9"> laundering</a>, exploitation of investors, ransomware attacks, <a href="https://markets.businessinsider.com/news/currencies/cryptocurrencies-95-fraud-hype-noise-confusion-neelcoin-fed-neel-kashkari-2021-8">fraud</a> and<a href="https://markets.businessinsider.com/news/currencies/imf-crypto-warning-risks-disappearing-coins-volatile-stablecoins-cbdc-2021-10"> disappearing</a> coins. "In DC, the Treasury Department does everything in its power to try to kill our industry," Hoskinson said in a chat with the Cape Innovation and Technology <a href="https://www.youtube.com/channel/UCkPukeyUiKb2LWpFcJZp-iQ">Initiative</a>, part of a tour that started last week. "A $2 trillion industry just pops up in our backyard, and my government's trying to kill it." Market players are looking for regulatory clarity in the growing <a href="https://wazirx.com/signup?invite=2kpah6gr&amp;utm_source=business-insider&amp;utm_medium=referral&amp;utm_campaign=article-editorial">crypto space</a>. Authorities around the world have stepped up their scrutiny of bitcoin and the like as they have gained in adoption and value. Cardano's ada, for example - the fourth biggest cryptocurrency with a <a href="https://coinmarketcap.com/">market capitalization</a> of over $70 billion - has surged by more than 2,000% since the start of 2021, according to Binance data. <keyword id="2420795" type="General" weightage="60" keywordseo="cryptocurrencies" source="Orion">Cryptocurrencies</keyword> have also long been attractive for criminals, given that they're decentralized and ownership is difficult to track. The Treasury, which is responsible for maintaining systems critical to US financial infrastructure, blacklisted its first crypto exchange in late September. The agency said it would sanction Russian-owned Suex for its role in laundering financial transactions for <a href="https://markets.businessinsider.com/news/currencies/us-treasury-crypto-exchange-suex-sanction-blacklist-ransomware-attack-payment-2021-9">ransomware</a> actors, saying 40% of the exchange's transactions were tied to illicit activity. Most recently, the Treasury has joined a chorus of voices calling for crypto companies to be at the forefront of helping stop ransomware payments that are not easily traced on the blockchain. But Federal Reserve Chairman Jerome Powell clarified that he had no intention of <a href="https://markets.businessinsider.com/news/currencies/cryptocurrency-regulation-sec-gary-gensler-coinbase-fed-ban-powell-2021-10">banning </a>crypto in late September.

Cardano founder Charles Hoskinson says the US Treasury does ‘everything in its power to kill’ crypto

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Cardano founder Charles Hoskinson discusses 'bitcoin maximalism', how DeFi needs to turn into 'real-fi' and his plans for digital transformation in Africa in a recent interview. Here are the 10 best quotes

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Cardano founder Charles Hoskinson says the US Treasury does ‘everything in its power to kill’ crypto

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