#Charles hoskinson news upgrade#
#Charles hoskinson news code#

Some of the subscription services that users can manage include Spotify, YouTube premium and Apple TV+.įurthermore, Revuto exposes its users to the growing DeFi market through a native token dubbed Revu that can be stored in a Cardano lite wallet. Revuto enables users to actively manage their subscriptions, featuring a one-stop platform where a subscriber can snooze or block payments. This upcoming DApp blockchain hosts notable projects such as Revuto, an active subscription management application. The Cardano smart contract ecosystem is now attracting fundamental projects with a tangible value in traditional finance and Decentralized Finance (DeFi). With Ethereum still in the process of developing its PoS infrastructure, Cardano is gradually challenging the platform’s long-standing dominance in DApp development. What is Happening in the Cardano DApp Ecosystem? As of press time, one ADA token retails at $1.23, a 6311.6% increase from its all-time lows according to Coingecko. The token’s price has surged by over 227% within the past year and was one of the ‘green’ assets that maintained its value following Elon Musk’s criticism of Bitcoin’s PoW consensus. They think it’s just me behind a microphone.” said Hoskinson.Ī similar growth curve can also be seen in the ADA token prices, currently in the sixth position with a market capitalization of $39 billion. “That’s why VCs don’t even actually understand that Cardano has a community. According to a YouTube video by Hoskinson, the community is bigger than what most crypto natives imagine.

#Charles hoskinson news code#

Interestingly, Cardano’s network has also attracted more contributors, averaging 701 Github code repository commits monthly compared to Ethereum’s 447 CPM. Well, this narrative has since been disputed, given that Cardano introduced smart contract capabilities following the launch of the Alonzo mainnet in 2021. During this period, many speculated that it would not live to see the launch of its smart contracts. Slow But Sureīorrowing heavily from Hoskinson’s research background, Cardano has been in the works since 2015. “If we get right, the network will be 250 times more decentralized than Bitcoin.” – Charles Hoskinson. Simply put, this is the infrastructure that secures Cardano’s network, facilitates transaction validation and the minting of new ADA tokens. Unlike PoW which relies on computing power, Cardano’s PoS consensus leverages a staking-based model that is complemented by the Ouroboros algorithm. That said, the most distinguishing feature of this blockchain platform is its Proof-of-Stake (PoS) consensus, a more energy-efficient approach compared to Bitcoin and Ethereum Proof-of-Work (PoW) algorithms.

#Charles hoskinson news upgrade#

Cardano’s second phase was marked by the Shelley upgrade in 2020, which enhanced the network’s decentralization and enabled users to stake Cardano’s native token, ADA.

Though referred to as a ‘tortoise’ blockchain, the platform has grown significantly since it was pioneered to the public in 2017. Since the project’s debut in 2015, Cardano expanded its stakeholder base under the IOHK umbrella, featuring developers across the globe. The project raised $62 million from its 2017 ICO, 95% of which came from Japanese investors.

At first, Cardano’s focus was on the Japanese market, with the primary goal being to build an innovation that combines the aspects of commerce, computation and compliance. Cardano, which Hoskinson refers to as a third-generation blockchain network, is the result of a proposal by IOHK clients who wanted a Japanese version of Ethereum.