Charles Hoskinson is an American entrepreneur and cryptocurrency specialist, better known as an ex Ethereum (ETH) co-founder, founder of Cardano (ADA), CEO of IOHK (Input Output Hong Kong) and the director of The Bitcoin Education Project. Charles Hoskinson’s net worth is approximately $500-600 million, and he is considered to be one of the wealthiest people in the crypto community.
Born on the 5th of November, 1987 in Colorado (USA) Charles Hoskinson attended the Metropolitan State University of Denver and the University of Colorado at Boulder where he studied Cryptography and Mathematics. https://en.bitcoinwiki.org/wiki/Charles_Hoskinson
Hoskinson started off in consulting, but quit his job in 2013 to focus on crypto and its potential, believing that the limited supply quality of Bitcoin made it a form of digital gold. Later that year, he developed the BitShares network, an early decentralized exchange platform. Then, he started the “Bitcoin Education Project,” where he met Vitalik Buterin and together (along with several other co-founders) they started Ethereum.
Though Hoskinson was the CEO of Ethereum, his stint at the company did not last long. Hoskinson disagreed with Vitalik Buterin’s vision for ETH and left the project in June 2014. Together, with Jeremy Wood (another co-founder of ETH), Hoskinson started their own blockchain project “Input Output (IOHK),” a third-party development company that builds cryptocurrencies and blockchains for academic institutions, governments and corporations. He is currently the CEO of IOHK; their mission is to supply financial services for the 3 billion people around the world who do not have transparent and equitable financial and governance systems. The most notable project to come out of IOHK is Cardano, a blockchain and smart-contract platform that uses an internal cryptocurrency called ADA.
Hoskinson has funded several blockchain technology research labs around the world including at the University of Edinburgh, Tokyo Institute of Technology and the University of Wyoming. He has been critical of the growing energy consumption problem inherent to Bitcoin, and claims that Cardano is far more energy efficient. He has continuously campaigned for crypto industries and been instrumental in changing people’s perception of cryptocurrencies and blockchain technology.
The Cardano founder was initially involved in a consulting firm. But he left his job to begin the Bitcoin Education Project in 2013. Moreover, he became entirely devoted to crypto and has never looked back since. So, Charles Hoskinson’s net worth mainly comprises his earnings from his cryptocurrency ventures.
The businessman was introduced to the ethereum by the Ethereum co-founder Anthony Di Iorio. He met with the leading man behind the software, Vitalik Buterin, attended the early meetings, and immediately jumped in the project.
Hoskinson helped design Ethereum’s ICO and became the CEO. However, a dispute about whether the project should be commercial or non-profit arose between him and Buterin. In the aftermath, Charles’ for-profit approach was rejected by Buterin, leading to his departure from the team.
The former Ethereum’s ICO CEO then teamed with former Ethereum colleague Jeremy Wood and founded IOHK. The firm’s major project was Cardano which hosts the ADA cryptocurrency. Moreover, it runs counter to the blockchain’s principles and challenges Bitcoin and Ethereum.
Charles Hoskinson, the founder of Cardano and IOG, its development foundation, revealed some of the plans for the network’s growth in 2022 in a 30-minute Christmas Eve talk on YouTube from his home in Boulder, Colorado.
“My goal for the second half of 2022 is to figure out how to put all the pieces together to get an end-to-end microfinance transaction on Cardano,” Hoskinson said.
The Cardano founder said a structure that oversees the creation of decentralized products on the network would be introduced.
“A formal open-source project structure is going to be formed, kind of like Hyperledger to Linux,” Hoskinson said.
Cardano, founded in 2015 and launched in 2017 as an alternative to Ethereum, is a proof-of-stake blockchain that relies on network validators to process transactions for ADA, its native currency, and maintain the network. It is the sixth-largest cryptocurrency with a market capitalization of $51.18 billion at the time of this writing.
People have previously complained that Cardano hasn’t met its stated goal of being completely decentralized. In 2020, IOG published a paper explaining how it would decentralize its block production, a goal that was reached in April 2021.
Cardano Announces Partnership with DISH
Charles Hoskinson has just announced, in his keynote speech, that Cardano will partner with fortune 250 company, DISH.
Input Output announcing a landmark partnership with Dish, bringing the world of global telecoms and the #blockchain space together. It’s the first collaboration of its kind, unlocking significant value for DISH’s customers while growing adoption for Cardano.
Cardano partners with Dish Network Corporation (Boost Mobile) to supply 8M digital identities (D.I.D) on phones Satélite. Company has already been speculated as a possible acquisition of Amazon (due to its 5G growth strategy).
See Cardano Summit: DISH Announcement