Cardano Founder Hoskinson Praises Filecoin and Monero's Decentralized Storage Capabilities

Charles Hoskinson, founder of Cardano, has expressed his admiration for two alternative cryptocurrencies - Filecoin and Monero.

In a recent podcast interview, Hoskinson emphasized the significance of decentralized storage solutions. He praised Filecoin's ability to provide large-scale decentralized storage, stating that it holds 'exabytes' of data.

Hoskinson noted that the sheer scale of Filecoin is comparable to the internet itself, highlighting its potential for widespread use. He further revealed that Cardano will begin utilizing Filecoin closely and has even reviewed other solutions before making this decision.