Over the past decade, Crypto Valley in Zug, Switzerland, has grown into a global leader in blockchain innovation, with a valuation surpassing half a trillion dollars in 2021. It has become a hub for pioneering companies, driving the future of decentralized finance (DeFi) and blockchain technology.
In an exclusive for BeInCrypto, Charles Hoskinson, CEO and founder of Input Output Global, reflects on the factors behind Crypto Valley’s success and the role Cardano has played in its rise.
A Decade of Growth
Ten years ago, Crypto Valley was just starting out in Zug, Switzerland. Today, it’s a bustling hub for blockchain technology and home to many companies making a global impact in cryptocurrency. By 2021, the valley’s value shot up to over half a trillion dollars ($611.8 billion), showing just how far it has come and how much potential it still has.
“The success of Crypto Valley over the years can be attributed to several fundamental drivers, including sufficient funding resources, Switzerland’s regulatory framework, and highly skilled professionals sharing their expertise. The canton of Zug’s taxation standpoint is also a key factor; it has the lowest tax rates at approximately 11-12%,” Charles Hoskinson explained.
A significant pillar of Crypto Valley’s acceleration has been Input Output’s (IOHK) flagship project, Cardano. Offering a third-generation blockchain platform, Cardano joins the commitment to scalability, sustainability, and interoperability.
Input Output’s dedication to rigorous research and development has expanded Cardano’s reputation and influence beyond the borders of Crypto Valley, establishing it as a core player in the blockchain space. The Cardano Foundation, based in Zug, continues to support the cause, ensuring that Cardano retains its space as a pioneer in decentralized finance.
The Fourth Generation of Blockchain
Over the past decade, blockchain technology has grown and matured, bringing us closer to the new generation of blockchain. Switzerland, and Crypto Valley in particular, has been at the heart o
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Author: Daria Krasnova
