Charles Hoskinson Turns 33, Here's What He's Achieved by This Age

News
Thu, 11/05/2020 - 12:53
article image
Yuri Molchan
Today, IOHK's Charles Hoskinson has turned 33 and announced a Twitter pause; meanwhile, he has quite a lot to show by the age of 33
Charles Hoskinson Turns 33, Here's What He's Achieved by This Age
Cover image via bitcoinwiki.org
Contents

Mathematician, founder of IOHK and Ethereum cofounder Charles Hoskinson celebrates his 33rd birthday today, Nov. 5. On his Twitter account he announced that he is taking a pause from tweeting, but he said he would be doing live Periscope videos on multiple channels from time to time.

U.Today offers you a brief history of Charles Hoskinson's career path and the history of his main project: IOHK's Cardano.

ADA
Image via Twitter

Dumping a consulting job for crypto: Dan Larimer, BitShares, ditching Ethereum

Hoskinson studied at Metropolitan State University of Denver and University of Colorado Boulder.

After leaving a consulting job in 2013, Hoskinson founded an online school called Bitcoin Education Project. As he recalled years later, his parents and friends thought this was a crazy decision, but he had it all figured out.

Soon after that, he launched Project Invictus, where he met future Block.one CTO Dan Larimer and founded BitShares together with Larimer.

His next step, getting deeper in the crypto industry, was meeting Vitalik Buterinwho was working on Ethereum back then. Hoskinson joined the young Russian-Canadian man, Buterin, and the developers he was working with to create what is now the second largest blockchain platform, the mother of DeFi.

He ditched Ethereum and the company in 2014 over several issues he had with Buterin regarding the future of the project; Hoskinson was hoping that Ethereum would work as a non-profit organization with decentralized governance.

Related Cardano Reaches Major Decentralization Milestone
Related
Cardano Reaches Major Decentralization Milestone

Founding IOHK and Cardano

After leaving Ethereum, Charles took a sabbatical that lasted half a year. During that time, he considered going back into mathematics. Besides, Ethereum's market cap went up to $120 bln, so he was rather upset.

However, he bumped into Jeremy Wood, who worked with Hoskinson on Ethereum. Together, they decided to found a company called IOHK: "Input Output Hong Kong." They were going to create blockchains and cryptocurrencies for academic institutions, corporations, government organizations and so on.

Their revenue was in Bitcoin and, at that time, BTC surged in price. The major IOHK project developed Cardano, which launched in 2017the year in which Bitcoin soared to an all-time high of around $20,000.

The project was named after Gerolamo Cardano, after an Italian polymath who lived in the 16th century. The project's coin, ADA, was named for Augusta Ada King, an English writer and mathematician in the 19th century.

At the moment, ADA has a $2,879,091,723 market cap and is trading in the 10th spot at $0.092538, as per CoinMarketCap.

According to Forbes, Hoskinson's net worth totaled $500-$600 mln two years ago.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.