Cardano Close to Launching Smart Contracts: Charles Hoskinson

Key Takeaways

  • In an exclusive interview with Crypto Briefing, Charles Hoskinson has discussed Cardano’s upcoming plans.
  • Cardano is now heading towards the much anticipated hard fork codenamed Alonzo.
  • The team is also training over 1,000 developers who want to write applications on Cardano.

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Charles Hoskinson discusses Cardano’s forthcoming plans.

Cardano Founder Discusses Roadmap 

With a market capitalization of more than $60 billion, Cardano is one of the world’s most valuable decentralized networks.

It launched in 2015 when one of the co-founders of Ethereum, Charles Hoskinson, conceptualized a new Proof-of-Stake blockchain. Cardano was meant to be a vast improvement on Ethereum, so instead of deciding the software architecture and features by himself, Hoskinson decided to adopt a peer-reviewed academic approach.

With this, the project embraced the philosophy of openness in software development and implemented software features using an evidence-based method. Over the years, Cardano’s research team has published over 100 academic research papers, all the way from distributed systems to programming languages and game theory.

Since its creation, the blockchain has evolved through different versions or eras, each adding new key features. The first iteration of Cardano, known as the Byron Era, started in Sep. 2017, and it allowed users to exchange Cardano’s ADA currency on a federated network by utilizing the Ouroboros consensus protocol. 

Cardano’s following upgrade, called Shelley, took place in mid-2020 and achieved decentralization of the network consensus. With the launch, the network was upgraded to a state where the majority of nodes would be run by the community, not a centralized group. 

After Shelley, the latest version of Cardano known as Goguen aims to bring new blockchain functionalities through a series of hard forks. For instance, in Mar. 2021, the team added support for native assets on Cardano with the Mary hard…

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