- Hoskinson warns that tech giants could dominate blockchain once regulations become clear.
- Cardano gains attention amid Microsoft collaboration rumors and Grayscale’s ETF filing.
As the crypto landscape continues to evolve, Cardano [ADA ($0.78)] founder Charles Hoskinson has raised a critical concern about the future of Layer-1 networks.
He warns that tech giants like Meta, Google, Apple, Microsoft, and Amazon could potentially dominate the blockchain space once regulatory frameworks become clearer.
Given their vast resources and technological capabilities, these corporations could establish their own blockchain infrastructure, posing a significant challenge to existing decentralized networks.
Cardano founder on concerns surrounding L1 networks
That being said, Hoskinson’s concerns highlight the ongoing debate over centralization versus decentralization in the blockchain industry.
In a recent stream on X (formerly Twitter), Hoskinson noted,
“And the inconvenient truth that a lot of people in this space don’t want to admit is. Our competitors are not Ethereum, Solana, or even Bitcoin. It&r…
