Cardano founder Charles Hoskinson said that the development of the blockchain compatibility and close cooperation between crypto projects interferes with the development of the digital asset industry.

The basic cryptocurrency tokensomics became hostile to each other, Hoskinson said in an interview with the Shawn Ryan Show podcast. The industry has turned into a “zero market market”, where another player should suffer for the success of one player – the success of bitcoin may depend on the failure of the Ethereum, and vice versa, the businessman believes. In his opinion, cryptocurrencies are designed in such a way as to replace the banking industry, and not to make improvements to it.

According to the founder of Cardano, the current structure of the crypto industry is not compatible with the principles of the modern world. Now business, politics and religion are closely related to each other, and this ensures balance – the same thing should be in the crypto industry, said Hoskinson. Market participants must cooperate in order to create win -win conditions for the development of the industry, the businessman believes.

The creator of Cardano said that over 15 years the number of cryptocurrency users has increased from zero to 550 million people. During this period, the crypto industry has grown to a multi -trill ecosystem. This proves the success of digital assets, added the head of Cardano. And yet, in his opinion, the cryptocurrency sector is little interconnected with traditional finances and is practically incompatible with them. Steiblcoins already begin to solve this problem, and in the future solutions should appear that will become a bridge between the traditional financial sector and cryptocurrencies, expressed Nadezhda Hoskinson.

In May, Hoskinson said that he was ready to integrate the Ripple RLUSD, the Cardano blockchain, tied to the US dollar, without the charge of commissions. Previously, Hoskinson announced his readiness to integrate Litecoin into his blockchain.