The founder of Cardano Charles Hoskinson explained how to photograph Meta, Google, Apple, Microsoft and Amazon companies to replace Layer-1 networks. According to him, these companies can create their Blockchain infrastructure easily once organized clarity.
Cardano founder reveals how technology companies can replace L1S
While talking to x spaceThe founder of Cardano Charles Hoskinson explained that technology companies such as Meta, Google, Apple, Microsoft and Amazon can become competitors for the highest first layer projects once the Stablecoin bill passes. Hoskinson suggested that these technology companies can move to create their Blockchain infrastructure as soon as there is regulatory clarity in the country.
Give an example of these companies that issue Stablecoins or a partnership with a company like Circle to achieve this. Hoskinson also highlights “Apple Pay” from Apple and “Google Pay” from Google to show how these companies are in a good position to compete with these Layer-1 networks.
Cardano founder also pointed out that these companies are in a good position to overcome these networks because they already have billions of users and control operating systems that work on phones. As such, he believes this will be the next wave of competition that will face the encryption space.
Hoskinson added that he imagines that these companies can go further than creating their 1 layer networks. He gave an example of how a dead person tried to adventure in the encryption space in the past but failed due to a lack of clear regulations. As such, there is a possibility that they can take this step again as soon as Congress passes waiting for encryption bills.
These companies will not miss the opportunity
Cardano founder indicated that based on its sources, the American Congress can pass the Stablecoin Bill next per cent. He believes that companies like Meta, Google, Apple, Microsoft and Apple will not explode the opportunity to expand their operations in the encryption market when the bill passes.
He pointed out that there is no way Layer-1 networks can compete with these companies because they have a larger network of users and licenses needed to expand their business in the encryption space. Hoskinson also highlighted the fact that these companies can easily prevent users from reaching these networks in an attempt to win them.
Cardano founder said this is very possible because these companies, with their infrastructure, are already a gateway to reach these first layer networks. As part of the unfair practices that these companies can adopt, Hoskinson also sparked a decision to stop the operation of the contract for these networks, which can change the operations of this -1 layer.
Hoskinson also highlighted how these technology companies have an L1S feature with secret computing. On the other hand, this Blockchains works within the second generation confidence -implementation environments that are less reliable.
The bold Hoskinson data comes a few days after the hint to a possible partnership with Microsoft. This ups in ADA price raised, with expectations that encryption can gather to the current rise (ATH) of $ 3.10.
Boluwatife Adeyemi
Boluwatife Adeyemi is a writer and editor of the encryption news that covers the topics that exceed Defi, NFTS, smart contracts and the interfering operating capacity in Blockchain, among other things. Boluwatife has a talent to simplify the most technical concepts and make it easy for the novice encoded. Outside of writing, he is a thirsty basketball lover and part -time.
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