Charles Hoskinson, founder of IOHK, which is involved in the development of Cardano cryptocurrency (ADA), said the cryptocurrencies industry needs a new impetus. He likened it to "WiFi or Bluetooth momentum", the arrival of which meant a big leap for the internet or mobile devices.

Hoskinson believes that the cryptocurrencies industry first needs specific standards that will facilitate the development of greater interoperability. In his view, this will allow communication and information to move more easily between the digital currency and traditional financial institutions: "At this point, we are monitoring the creation of a set of standards that will be optimized in the next three to five years to create a situation in which you can move information and values ​​between all these different systems, not just from Bitcoin to Litecoin, Litecoin to Ethereum, from Ethereum to Cardano (and so on) - but also to your current bank account. ”

"What we are looking for is Wifi or Bluetooth moment of our industry. We haven't gotten there yet…, ”he said.

Organizations that are trying to bring basic standards into this market have been expanding and gaining traction recently. For example, last month, the Enterprise Ethereum Alliance (EEA) has confirmed that it will launch a token task force in 2019. The group will focus on addressing the issue of interoperability between BBQs. It also wants to contribute to creating tokenization and building public trust in cryptocurrencies.

In January, we informed you that Charles Hoskinson was very careful in the price forecasts for cryptocurrencies. He even said he could take another 10 years until Bitcoin et al. will reach levels from the end of 2017.

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