Charles Hoskinson says this will be the decade of Cardano

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Charles Hoskinson, the CEO of IOHK, believes that this will be the decade of Cardano.

With a successful incentivized testnet launch and over 500 stake pools already launched, Hoskinson said that Cardano was ramping up its efforts to commercialize the tech they've been developing for the past three years.

With over 500 staking pools already deployed on the incentivized testnet, Charles Hoskinson, the CEO of IOHK, believes major success is just around the corner for Cardano.

In a YouTube AMA on Jan. 3, 2020, Hoskinson gave one of his lengthy updates about the current state of Cardano and future plans for IOHK, Cardano Foundation, and Emurgo.

"This is the decade of Cardano," he said in the AMA, adding that serious work is being done to make Cardano the most predominant force in the cryptocurrency space by the end of the 2020s.

"The reason why Bitcoin was so successful is that Satoshi created a simple system with great incentives," he explained, adding that Cardano employed incentives in its testnet in order to facilitate the growth of the network.

All of the efforts that have gone into perfecting staking and incentives were part of IOHK's "Aggressive" commercialization of Cardano.

It's a commercial project first and foremost, Hoskinson noted, explaining that Cardano was a platform for solutions.

Cardano's own SNARK deloped in 2018, will be one of the main topics discussed in the upcoming Cardano summit in Edinborough at the end of the month.

To keep the Cardano community in touch with what's going on behind the scenes, product managers will publish regular, monthly updates where they'll go into detail about what's been going on both in IOHK and the Cardano Foundation.