In a recent interview, Cardano (ADA) founder Charles Hoskinson addressed his biggest mistake with the project. He admitted that his team’s decision to prioritize a rigid smart contract model hindered Cardano’s potential, ultimately benefiting rival altcoin Solana (SOL). 2021 saw Cardano hold the third-place position on CoinMarketCap. Hoskinson acknowledges this as an area where they misallocated resources. According to Hoskinson, the rigid structure of the Cardano smart contracts stalled development and led to a missed opportunity for growth. “Cardano was excited about its long-awaited smart contracts. However, we made the wrong investment because the smart contract model in the project was too rigid and made it difficult for developers to build. We misinvested in the smart contract model with Cardano… we lost that wave of momentum, and Solana won.”