Cardano’s Charles Hoskinson is in the news today after revealing his latest plans for the network’s growth in 2022. The director informed the community about this via his latest video stream.
Some updates https://t.co/4v1wWUa6ye
— Charles Hoskinson (@IOHK_Charles) March 7, 2022
Cardano has seen significant developments lately (> over 400 Dapps at the moment). Now there’s a big question about how to put those pieces together.
Several open source systems (OSS) have created parallel foundations as legal tools to better articulate the structure, collaboration, and financial model for the project. Some examples are Apache, Linux, Mozilla, Eclipse, and Django foundations. Cardano has also worked under an open source license.
The founder behind the protocol sheds light on some of the upcoming under-the-belt developments.
According to the roadmap shared by Charles Hoskinson for 2022, Cardano has started to mobilize and deliver on some of the things the director had promised.
If Cardano de . begins to enter Basho beta phaseInput-Output Global would “put more energy into optimization and scaling.”
“(…) parameter adjustments, improvements and other innovations will play their part in steadily increasing Cardano’s capacity and performance through 2022.”
Such developments would lead to a high degree of congestion on the network. Anticipating the traffic increase, mamba, a two-way bridge would come into effect this month or in April of this year. This would allow tokens and other digital assets from one chain to be used in another and the results sent back to the original chain. Hoskinson claimed,
“Mamba was the first time I told the history of the project where we have come together to a point where we have a very crystallized point of view. Not just how you connect the chains to operate the side chain, but also a generic footprint that if you want the user to create your side chain, how that process works.”
Cardano would keep commercial comparability, sustainability and self-determination as a sort of “goal” for 2022. While there may be concerns about the slow development, the network and its director will remain unfazed, he added.
Connect the dots
Compared to its rival, Ethereum, Hoskinson has also identified some differentiating factors for Cardano. This is despite some common denominators such as side chains. Perhaps the biggest difference is that Cardano applications extended UTXO and Plutus while Ethereum contains firmness and EVM to count the space model.
Now some people/users have complained that Cardano has failed to achieve its stated goal of decentralization. In 2020, IOG published a paper explain how it would decentralize its block production, a goal that was reaches in April 2021.
Can it achieve its goals for 2022? Well, only time will tell.
New: Hoskinson has no degree
Hi Charles, speaking of fiction, would you like to address the discrepancies between your claims that you dropped out of a PhD program and the schools’ claims that you were enrolled as a student? pic.twitter.com/gBULGEa6KK
— Laura Shin (@laurashin) March 6, 2022
Charles Hoskinson recently stood in the center of A lot of attention after he was accused of toying with his educational qualifications. While that may not affect the network itself, some think it will damage Hoskinson’s personal image.
However, at the time of writing, ADA fell by just 1% in 24 hours. On the other hand, this correction was the result of the steady downward trend that has been going on for weeks now.