2019-6-10 18:30 |
IOHK, Cardano’s parent company, recently released the Cardano roadmap which charted the progress of the blockchain’s 2020 vision. Following the much-anticipated announcement however, ADA failed to post upward movement and recorded an underwhelming market trend.
Undeterred by the current valuation of the digital asset, Charles Hoskinson, CEO and Founder, revealed that Cardano primarily targets groups of people who want to know what the technology stands for and what it has to offer. Cardano does not believe in giving into the hype and attracting investors, he said. In the latest edition of “The Cardano Effect,” Hoskinson said,
“There needs to be a funnel to capture these people and take them on a narrative journey of why are we doing what we are doing, what is our philosophy, what techniques..where are we going and why are we credible to that as an ecosystem”
Talking about certain demographics like state co-operators, exchanges, infrastructure providers, smart contract developers and scientists, the CEO asserted that Cardano’s team is not a “passive participant” in the aforementioned ecosystem, where they just obtain the research and implement it on the network. He stated that the team has been involved in actively writing papers. Hoskinson further revealed that the Ouroboros Proof of Stake algorithm has been cited 250 times.
According to the Colorado-based entrepreneur, the team has made significant contributions to the ecosystem. Citing the same, he disclosed,
“.. we discovered design defects and bugs and all kinds of things in a code that we didn’t write in a specification and we didn’t design and then we went to the authors of it and we said hey look we found all these issues with it, they said wow that’s great we’ll fix it”
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