Cardano is a decentralised platform that will allow complex programmable transfers of value in a secure and scalable fashion. It is one of the first blockchains to be built in the highly secure Haskell programming language. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers.
According to Hoskinson, Vasil’s main focus will be on scalability improvements, and hand in hand with this the network could have room to host a decentralized version of Twitter, something he proposed to Elon Musk in case he fails to finalize the purchase of the social network.
The CEO of IOHK / IOG and principal developer of Cardano, Charles Hoskinson, has again gained prominence these days after a series of announcements made throughout this week, including a brief description of the improvements that will come for the network , as well as the daring suggestion to create a Twitter descentralizado, esto último de cara a la posibilidad de que el magante Elon Musk se haga con la propiedad de la compañía responsable de la red social.
What changes are coming for Cardano after the next update?
Pero comencemos por el principio. Esta semana Hoskinson publicó un video resumen a través de su canal oficial de YouTube, en el cual compartió algunos detalles sobre las próximas mejoras y actualizaciones que vendrán a la red de Cardano once the next one is completed Hard Fork, better known by the code the action of coding is to write programming statements for a program. name “Vasil.”
Scheduled for sometime next June, Hoskinson revealed that this new update will have noticeable improvements to the performance of Cardano, and added:
“As many of you already know, there’s a Hard Fork combinator event coming up in June that will be very important, which brings with it the Vasil update, which is going to contain a pipeline mechanism [one of the pillars supporting network a network refers to all nodes in the operation of a blockchain at any given moment in time. scalability], which will be a massive upgrade that will optimize Cardano’s performance.”
As such, this new channelling mechanism joins other aspects that will also become part of the network of Cardano, including the new CIP para Plutus, Hydra and disk storage UTXO:
“Combined with parameter tuning, these features will improve Cardano’s performance and optimize the system to suit an ever-increasing gamut of applications in the decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. finance (DeFi), smart contract in traditional finance, a contract is a binding agreement between two parties. In cryptocurrencies, smart contracts execute functions on the blockchain. and DEX (decentralized exchange)A peer-to-peer exchange allowing users to trade cryptocurrency without the need for an intermediary. space.”
Vale destacar que además de los cambios citados por Hoskinson, el equipo de IOHK / IOG is also working to implement new user-facing products and features, such as the decentralized app store.(dApps), a new lightweight wallet, as well as the creation of bridges a blockchain bridge allows the seamless transfer of data or tokens between two different blockchain projects. that allow moving to and from Cardano digital digital technologies are these electronic tools that have the ability to generate, store or even process data. assets from other networks…
Finally, Hoskinson invited those interested to be attentive to their participation during the event. Consensus consensus is achieved when all participants of the network agree on the order and content of the blocks in the blockchain. 2022, organized by the team of CoinDesk which will take place June 9-12 in Austin, Texas.
Create a Twitter decentralized?
On the other hand, and in the context of the recent commotion following the possible sale of la iconic platform, Hoskinson took advantage of the space to propose to Elon Musk to create a “Decentralized Twitter” , esto si no se llegan a concretar las negociaciones para que el magnate detrás de Tesla y SpaceX to take over one of the major social networks.
Dicho así en tono de broma pero con cierta seriedad, Hoskinson publicó en su cuenta de Twitter el siguiente mensaje:
“@elonmusk Elon, if Twitter rejects your offer, then let me know. I’ll be happy to build a decentralized one.”
@elonmusk Elon if Twitter rejects your offer, then hit me up. Happy to build a decentralized one
– Charles Hoskinson (@IOHK_Charles) April 14, 2022
Let’s keep in mind that Musk offered this week to the directors of Twitter the astronomical sum of USD $41.3 billion to take over the management of the iconic social network. However, he is not alone, since the founder and former CEO ofTRON, Justin Sun, who set the bar higher and offered to pay $60 per share.
The fact is that both Musk and Sun contemplate making Twitter a private company, which will continue its work under a new operating model that is much more protective of freedom of expression. For the former CEO of TRON the proposal aims at linking the social network with Web3, which operates outside the U.S. in order to have many more freedoms.
With respect to Hoskinson’s proposal, there were those who ironized about what it would mean for a social network of the caliber of Twitter is currently operating on Blockchain. One of them was Douglas Horn, an architect and head of Telos, who joked that it would be ready by 2035, while others claimed that the lack of scalability would mean that only about 10 messages per minute could be sent, unless these problems were solved soon.
However, the idea of creating a social network of these properties that operates on the basis of Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. is not new, but what cannot be glimpsed in the short a trading technique in which a trader borrows an asset in order to sell it, with the expectation that the price will continue to decline. In the event that the price does decline, the short seller will then buy the asset at this lower price in order to return it to the lender of the asset, making the difference in profit. term is what will be the network that can optimally accommodate a project of such proportions.
- DeFi a movement encouraging alternatives to traditional, centralized forms of financial services. WingRiders platform a place to buy, sell and store cryptocurrency starts operations and brings stablecoin a cryptocurrency with extremely low volatility, sometimes used as a means of portfolio diversification. Examples include gold-backed cryptocurrency or fiat-pegged cryptocurrency. Tether and USDC to Cardano network
- Rapper Snoop Dogg’s NFTs non-fungible token, a unique non-interchangeable piece of digital content that is stored on a distributed ledger (blockchain). are now available on Cardano.
- Wave Financial launches fund to support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. DeFi projects operating on Cardano’s network
Version by Angel Di Matteo / DiarioBitcoin
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