Who is Charles Hoskinson? – CryptosRus

Today we dive deep into the life of the beloved and hated founder of Cardano, Charles Hoskinson.

COVERED:

  • Presentation: Biography of Charles Hoskinson
  • Youth and career
  • gimbal
  • Hoskinson Philanthropy

INTRODUCTION: Charles Hoskinson Biography

Charles Hoskinson is a Colorado-based mathematician and technology entrepreneur. He is notably known as co-founder of Ethereum and founder of Cardano. These two networks are among the most popular cryptocurrency networks in the world. He is also the CEO and founder of IOHK (Input Output Hong Kong), which is the company behind the Cardano blockchain.

Hoskinson started his blockchain career with Bitshares and Ethereum, but after some disagreements regarding the vision, he left Ethereum. Its current claim to fame is Cardano and its parent company IOHK. Cardano is a blockchain that competes directly with Ethereum. What makes Cardano unique are its scientific foundations. Hoskinson frequently engages with the crypto community via YouTube.

Recommended: Michael Saylor Calls Cardano A Security; Charles Hoskinson responds

YOUTH AND CAREER

Hoskinson attended Metropolitan State University in Denver and the University of Colorado at Boulder “to study analytic number theory before moving into cryptography through industry exposure.” Crypto journalist Laura Shin reported that he left college before completing his doctorate. Hoskinson denied the claim.

Hoskinson started out in a consulting role but quit his job in 2013 to focus on crypto and its potential.

Prior to Cardano, his work experience included two blockchain-related start-ups, including Invictus innovation (the company behind Bitshares) and Ethereum. Bitshares was developed by him in 2013, which was an early decentralized exchange. In the same year, he founded an online school called “Bitcoin Education Project”, where he met Vitalik Buterin, and together (with several co-founders) they launched Ethereum.
Although Hoskinson was initially the CEO of Ethereum, he didn’t stay with the company for very long and left the project in June 2014 after a dispute over whether the project should be commercial (according to Hoskinson) or non-profit (according to Buterin).

After that, he was approached by former Ethereum colleague Jeremy Wood. Along with Jeremy, Hoskinson started his own blockchain project called Input Output (IOHK), a third-party development company that builds blockchains for academic institutions. Currently, he is the CEO of IOHK, and his mission is to provide financial services to over 3 billion people around the world who lack a transparent and fair financial and governance system. IOHK’s most notable project is Cardano which is a blockchain and smart contract platform that uses its own cryptocurrency called ADA.

CARDANO

IOHK is an engineering company that builds cryptocurrencies and blockchains for businesses, academic institutions, or government entities. It has a diverse and geographically distributed team of engineers, scientists, professionals, and open source collaborators. The main responsibilities of the foundation are to oversee the development of Cardano and its ecosystem.

gimbal

Under Hoskinson, IOHK started working on the Cardano blockchain, which is its key project, and it hosts the ADA cryptocurrency. Cardano completed its ICO (Initial Coin Offering) in 2017 and raised $63 million for its ADA token. In September 2017, IOHK launched the Cardano blockchain and ADA quickly began to rise in value. In January 2018, it reached a market capitalization of $32 million, making it the fifth largest coin. This achievement cemented Cardano’s position as one of Ethereum’s top competitors in the market.
Although Cardano is quite similar to Ethereum in that it is designed as a network for smart contracts and blockchain programs, Hoskinson’s vision for Cardano was slightly different. He wanted it to be built on solid scientific and mathematical foundations. As Hoskinson drew inspiration from history to create Cardano’s image. Cardano itself is named after the famous 16th century Italian mathematician Gerolamo Cardano. Likewise, parts of its ecosystem are also named after famous historical figures like Lord Byron, Ada Lovelace, Matsuo Basho, Voltaire, etc.

For security reasons, IOHK chose Haskell as Cardano’s programming language. Haskell is a very secure programming language as it follows certain safe coding practices and is widely used in industries such as finance and defense contracts.
In 2017, IOHK sponsored several blockchain technology labs around the world, including the University of Edinburgh, Tokyo Institute of Technology, and the University of Wyoming. This resulted in the Ouroborous blockchain consensus protocol. To help Cardano scale and achieve peak performance, IOHK has developed Ouroborous. This protocol combines the efficiency of proof-of-stake consensus with the security of Bitcoin mining.

HOSKINSON’S PHILANTHROPY

Hoskinson also focused on providing educational resources throughout his career. He was the founder of the Bitcoin Education Project and also served on the education committee of the Bitcoin Foundation. In recent years, Hoskinson has discussed blockchain education with the government of Barbados, while his colleagues at IOHK learned to code in Ethiopia. He also criticized the growing power consumption problem inherent in bitcoin and the negative impact it creates on climate change. He claims that Cardano is much more energy efficient than Bitcoin. Hoskinson has always been a blockchain advocate and helped change people’s perception of cryptocurrencies and blockchain technology.

Recommended: Charles Hoskinson vs. Elon Musk

***

Thank you for reading our biography of Charles Hoskinson. Let us know what you think of him in the comments below.

Margie D. Carlisle