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Cardano’s Great Year Ahead By CoinQuora

by Mike Robinson

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Hoskinson’s Brief Update: Cardano’s Great Year Ahead
  • Founder — Charles Hoskinson, speaks to the crypto community.
  • They are able to catch up with him via live broadcast.
  • Cardano is now moving to scale after the smart contract launch.

Founder of Cardano (ADA) — Charles Hoskinson, takes a moment to address the crypto space and catch them up on all things Cardano. He spoke via live stream.

Hoskinson is on a journey through Africa and the broadcast was recorded in South Africa. He says there’s a lot of potential opportunities here and he is looking forward to learning more during this trip.

The purpose of the brief update was to dispel the negative and unfounded buzz around the project from the crypto world. Hoskinson wanted to be upfront and transparent about all that’s been going on since the Alonzo smart contract update launch last month.

He is puzzled about the growing FUD in this space. Cardano, he says, has reached every milestone in its plan so far with no problems or delays. The network has never collapsed and Cardano’s community continues to grow.

Hoping to reassure the naysayers, Hoskinson lays out Cardano’s current plans. He says, to begin with that most concerns are about scaling. These concerns will be resolved by the PAB launch, which is scheduled for later this month or soon next month.

To add on, Goguen’s goal was to set the network’s programming model. Likewise, Basho’s goal is to make the program work on a large scale, and this is where Cardano is heading next. The PAB will increase scalability but more people will be joining the network.

By the time this number rises, Cardano will be ready to launch its sidechains as well as its Layer-2 solution — Hydra. Cardano also has many other projects on the go. Plutus and Mamba Pool (NASDAQ;), Atala PRISM (Mithral), and many more are just a few of the projects. There are actually 14 teams that work together to bring 14 elements into the Cardano ecosystem.

Cardano has a number of projects in the pipeline that can be funded by Cardano and are ready for launch. Hoskinson anticipates that Cardano will be commercially successful in the following year.

Overall, he’s happy that the ecosystem exists, that there is demand for it, and that the community is here. He encourages skeptical readers to review the Cardano whitepaper, which was written in 2016.

They will be able to clearly see what exactly this project was aiming for, as well as the consistent and steady progress they have seen. The broadcast ends with Cardano being exactly where it should be at the moment and that Cardano will grow in accordance to its plans.

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