Cardano creator Charles Hoskinson teased the Cardano community earlier yesterday with a surprise Cardano update announcement. Without going into greater detail, the popular crypto enthusiast predicts that “something special” is coming in November.
Hoskinson included an animated GIF of the character Professor Farnsworth from the 1999 cartoon TV program Futurama saying “Good News Everyone!” The macro is frequently utilized by anyone who discusses something positive.
What could be in the next Cardano update?
After months of delays, Cardano released its much-anticipated Vasil update in September. The ADA token, which saw a large surge in the run-up to the update, has made little progress since then. Hoskinson recently told prominent YouTuber Ben Armstrong that the Cardano network was in a “wait-and-see” mode following the publication of the Vasil hard fork. With the new Cardano update, Hoskinson believes that he expects a lot of things to happen on the partnership side (especially when it comes to bridges, standards, and certifications).
Cardano’s confluence of the metaverse, GameFi, and non-fungible tokens was “the biggest surprise,” according to Hoskinson. “It’s attracted a lot of new actors to our space,” he continued. Hoskinson explains his opinion on XRP. Hoskinson recently drew criticism from the XRP community for referring to its members’ charges against the SEC as a “grand conspiracy.” Hoskinson has stated again that XRP supporters are “muddying the waters” by making it more difficult for the industry to accept Ripple.
Hoskinson also attacked the “free pass” narrative promoted by XRP supporters, arguing that it is fomenting division rather than winning much-needed friends.
What is Cardano?
Cardano is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency, ADA. Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson. The development of the project is overseen and supervised by the Cardano Foundation based in Zug, Switzerland. It is the largest cryptocurrency to use a proof-of-stake blockchain, which is seen as a greener alternative to proof-of-work protocols.
The platform began development in 2015 and was launched in 2017 by Charles Hoskinson, a co-founder of Ethereum. Hoskinson left Ethereum after a dispute with one of its co-founders, Vitalik Buterin; Hoskinson wanted to accept venture capital and create a for-profit entity, while Buterin wanted to keep it running as a nonprofit organization. After leaving, he co-founded IOHK, a blockchain-engineering company whose primary business is the development of Cardano, alongside the Cardano Foundation and Emurgo. The platform is named after Italian mathematician Gerolamo Cardano, while the cryptocurrency itself is named after English mathematician Ada Lovelace.
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