Charles Hoskinson Says Crypto Is Entering a New Era of Exponential Growth

Cardano founder Charles Hoskinson has said cryptocurrency is entering a period of rapid technological growth, comparing the development of blockchain with earlier advances in nuclear technology, the internet and artificial intelligence.

Speaking at the United Nations, Hoskinson explained that exponential technologies can appear to develop slowly at first before their impact increases much faster.

“Exponential technologies are counterintuitive in that very little does something, a little bit more does everything,” Hoskinson said.

Hoskinson Compares Crypto With the Internet

Hoskinson said the internet was another major example of exponential technology because it changed how quickly people could communicate and access information.

He noted that communication once depended heavily on physical distance and could take months in some cases. The internet later made global communication almost immediate.

“The internet comes around. It’s our next exponential technology, computing and the internet,” he said.

The same type of change is now taking place with artificial intelligence and blockchain technology.

AI Is Becoming More Accessible

Cardano founder also pointed to developments in artificial intelligence as another example of rapid technological progress. He said AI models are becoming more efficient, allowing increasingly capable systems to run with fewer computing resources.