In a Christmas Eve YouTube chat, Cardano founder Charles Hoskinson reflected on the achievements and challenges of 2021, and looked ahead to what is coming in 2022.
Cryptocurrency - 2021 Big Picture
2021 was a banner year for the entire Cryptocurrency ecosystem. Bitcoin, Ethereum, Cardano, and others showed enormous growth and hit all time highs. Cardano started the year at $0.18, and ended at about $1.36, having flirted around the $3 mark in early September. The world of NFTs exploded: everyone has now heard of this new type of digital asset, even if we don’t all yet know why we would want it! The DeFi space as a whole has grown from a 10 billion market cap, to a 100 billion market cap. At the same time, we also saw 10.5 billion dollars worth of loss in DeFi, due to scams and bad software that leaves the door open to bad actors.
Cardano - 2021 Achievements and Challenges
Growth in price and market cap is an important measuring stick, but it’s not the only way to mark progress. This year…