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.
Hoskinson launched sharp criticism against other networks operating in space. DeFi, which he describes as more interested in attracting projects and users than in polishing their own protocols to meet real demand.
The CEO of IOHK, Charles Hoskinson, commented in an interview that many projects in the space Blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. are promising more than they could actually achieve, and that in the long a situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later. run they will have to opt for copying things they do in other much more solid projects such as Cardano.
Rival projects will end up copying Cardano
Hoskinson’s statements came during an interview conducted by Dan Gambardello in his channel Crypto Capital capital is most commonly defined as the large sum of money you would use to invest. Venture where, in addition to talking about the properties and the plans for Cardano, the developer also gave his perspective on what other projects are doing in the space. Blockchain, indicating that they would be taking a wrong turn by promising more than they can deliver.
Specifically, when talking about the other rival projects of Cardano, Hoskinson said they are using empty words to attract more users, rather than working on further strengthening their respective roadmaps:
“I look at competitors’ roadmaps and I don’t see anything that’s pointing to the future. I see the same predictable buzzwords over and over again: TPS (transactions per second), infinitely scalable, they always say these things.”
However, the ruder statements if you will came later, as he again referred to rival projects in the DeFi space, asserting that these are focusing on attracting people rather than polishing their protocols to adequately take on demand:
“[I also] see the design of the protocols, and I know that they will have to rewrite them like Ethereum a decentralized open-source blockchain with smart contracts functionality. has to, which means that by the time they admit it, they will follow the same path as Ethereum. They just have less money and shorter times to do it and not the same effect as said network. Also, they don’t have any of the engineers or scientists needed to actually devise these protocols, so they’ll have to copy some of our stuff.”
The struggle for DeFi a movement encouraging alternatives to traditional, centralized forms of financial services. and the path of Cardano
These comments made by Hoskinson were presented in the context of the current struggle between different protocols. Blockchain, in particular by capitalizing on the largest number of users, projects and capital associated with the ecosystem of 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), which is one of the biggest money movers today.
At present, despite the operational drawbacks currently facing the network, Etheruem is the ecosystem that capitalizes on the largest number of projects. DeFi and funds available as collateral.
According to data published by the portal Defipulse.com Currently, the ecosystem of Ethereum has about USD $96 billion in collateral collateral is any asset that a lender accepts as a form of security to ensure that the borrower repays a loan. funds, being MakerDao, Curve Finance, Convex Finance y AAVE the four projects with the largest amount of this capital, which together account an account is essentially a whose purpose is to track the financial activities of a specific asset/ for just under 45% of that amount.
While networks like Avalanche, Polkadot, Solana y Binance Smart Chain are increasingly making a name for themselves in the field of DeFi as a space for many projects, Hoskinson advocates that Cardano is doing well what it has in its hands, and although the speed with which the launches come is not so fast in contrast to how other ecosystems advance, users are already operating through the system of staking, voting and voting delegations, very solid points within the project that many are currently taking advantage of.
Finally, Hoskinson also made mention of the progress of Cardano in recent times, indicating that they continue to work towards achieving the originally proposed goals of scalability and governance.
- Cardano’s sustainable initiative has planted more than a million trees
- Cardano announces partnership with Veritree, the Samsung-led reforestation program
- Cardano listed as the project with most updates on Github gitHub is one of the most popular code hosting platforms, allowing developers to collaborate on various projects. in 2021, reports reveal
Version by Angel Di Matteo / DiarioBitcoin
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