Cardano's founder Charles Hoskinson is known for his long-term perspective on the cryptocurrency market. In a recent interview, he expressed optimism about the future of the industry, citing the upcoming Ouroboros Leios upgrade as a key driver of growth.
The upgrade aims to solve the blockchain trilemma by achieving high levels of security, scalability, and decentralization. This is a major milestone for Cardano, which has been working towards solving this problem for years.
Hoskinson believes that the current market downturn will ultimately lead to the next phase of growth for the industry. He notes that market downturns often allow serious projects to focus on development, building the foundation for the next growth phase.