Cardano (ADA) founder Charles Hoskinson revealed their team is working to develop a great engine capable of running billions of transactions each year.
The matter was informed by himself through his latest video, ‘Thoughts on the Market and the Ecosystem’ yesterday.
As a programmable financial platform for the future, Hoskinson believes it will be a public focus, including institutional, and potentially to be listed in the Fortune 500.
The former co-founder of the Ethereum network also shared his feelings on how the crypto market for 2020/2021 is proving a counter-cyclic movement where not only Bitcoin (BTC) dominance is affected to below 43% but also the interest of institutional investors who are no longer focused. to BTC alone.
Hoskinson thinks investors are now wiser to differentiate the importance between Proof of Stake (PoS) and Proof of Work (PoW), causing the price of cryptocurrencies to be affected.
For now, the Cardano project has managed to achieve 100% decentralization for blockchain production, including an agreement with the Ethiopian government to use blockchain to record student performance.
Among other projects:
The Alonzo Hardfork was launched on May 27, becoming the first testnet for the Cardano network.
Cardano Staking announcement by Canadian crypto firm, iMining.
ERC-20 token converter to be launched soon.
The launch of smart contracts is expected to take place around August or September.
Plutus Pioneer Program that has begun with the goal of training thousands of developers interested in the establishment of decentralized applications (DApps) in Cardano.
Cardano (ADA) recorded an inflow of institutional funds of $ 10 million, proving investor confidence in these assets.
At the time of writing, the ADA is trading at $ 1.55, up over 12% in 24 hours.
