Emily Walker
Charles Hoskinson, the mind behind Cardano, has explained his decision to skip the prestigious annual gathering in Davos, an event that attracts numerous influential figures. Instead, he opted to participate in the World of Concrete expo in Las Vegas, highlighting his dedication to hands-on building and technology innovation.
Cardano Leader Bypasses WEF in Davos
During a recent livestream, Hoskinson detailed his diverse expertise, indicating that his interests span beyond just cryptocurrency: “I’m not limited to crypto. I also manage several companies, including one in regenerative medicine. […] Additionally, I’m a bison rancher and operate as a contractor through my firm, Hoskinson Contracting.”
While his team attended the inauguration and the crypto community gathered in Davos, Hoskinson used this time to delve into new trends in concrete technology and construction.
“I attend the World of Concrete annually to stay updated on industry advancements,” he stated. “It’s refreshing to be in a setting where I’m not recognized. Learning new things keeps my perspective fresh.”
Hoskinson noted that Cardano has expanded significantly, providing its members the freedom to pursue their own initiatives and events. “Cardano’s growth has made it a versatile platform. It’s like a Choose Your Own Adventure book,” he remarked, mentioning that some community members still represented Cardano’s interests in Davos.
He also pointed out the exciting developments occurring within Cardano, including the upcoming Plomin hard fork and the introduction of a new governance structure. “By 2025, while I’m here, the fork will finalize. The Plomin hard fork is nearly complete, resulting in the activation of DReps, adding a new governance layer to Cardano,” he said.
Emphasizing the strength of decentralization, Hoskinson explained how this structure fosters inclusivity within the Cardano ecosystem: “As a Cardano user, you’ll encounter diverse organizations and individuals that align with various beliefs—that’s how it should operate.”
Enjoying the relaxed atmosphere of the Las Vegas expo, he expressed relief at avoiding formal events: “I find attending such upscale gatherings unbearable. I feel out of place in them.”
However, he acknowledged the importance of having individuals who can navigate diplomatic occasions effectively: “Some excel in these settings; they’re adept at diplomacy and can discuss matters without directly expressing their true opinions.”
While he may not have been at Davos, Hoskinson articulated a vision for Cardano aimed at making a global impact. He reiterated that the platform serves a purpose beyond merely functioning as a cryptocurrency: “My objective wasn’t to create a cryptocurrency but to develop a platform for transforming political, economic, and social systems. It’s where voting occurs and where financial transactions happen.”
He encouraged the community to stay focused on open communication, collaboration, and innovation, especially in light of forthcoming changes, including advancements in AI and blockchain.
Hoskinson also addressed the challenges facing the global financial system, advocating for a more transparent monetary system that serves the collective good: “This is the reason crypto exists—it represents the people’s money. In a short time, we’ve transitioned from being seen as rebels to being embraced by prominent authorities.”
He identified the next year as pivotal for Cardano, concentrating on enhancing scalability through initiatives like Hydra and Leios, along with integrating stablecoins and oracles. “While it may be costly and challenging, unlike others, we make these decisions transparently and collaboratively,” he explained.
Looking forward, he hinted at Hydro Doom—an upcoming event at the HyperX Arena in Las Vegas—and significant discussions surrounding Cardano’s permanent constitution and overall budget. “We’re progressing with DReps, the Constitutional Committee, and interim Constitution, leading to our first major deliberation: the permanent constitution and budget. After that, we aim to achieve great things,” he concluded.
As of the latest update, ADA was valued at $0.98.