Cardano is a well-known Proof-of-Stake (PoS) crypto network that is known for its ability to process cryptocurrency transactions at low cost and high speed. This crypto project was founded by Charles Hoskinson. Input Output Hong Kong Global (IOHK) is the Cardano Blockchain developer team.
Jerry Fragiskatos, IOHK’s chief commercial officer, was interviewed by crypto analyst Scott Melker at the Messari Mainnet Conference in Manhattan on December 4th.
During the interview, Jerry stated that four years ago he compared the crypto sector to the early days of the internet (the 1990s), when numerous online tech companies were entering the internet world and investors were showing a strong interest in such projects in order to maximize their returns.
He also mentioned that when the majority of companies in the 1990s failed, a few companies emerged as successful because of their best business model, such as Amazon.
Jerry stated that the cryptocurrency sector is currently in the dot-com bubble stage.
“The long game is the game. When I first started, like four years ago, I said we’re in the ’90s of the Internet. We’re probably in the dot com right now, ’99 to 2000…”
According to IOHK CEO, Cardano (ADA) will be a perfect project in the Crypto’ dot-com bubble and will also stand up perfectly to critics.
Furthermore, Jerry alluded to the ADA token’s decentralized nature and non-partial distribution. He stated that there aren’t many insiders behind the ADA coin because it’s distributed among retail traders rather than VCs, which is common in the case of other crypto projects.