Cardano (ADA) Has Significant Upgrades Coming to the Network: Founder Charles Hoskinson

Cardano, the fifth-largest blockchain, is planning to launch new products and upgrades in the coming months, Founder Charles Hoskinson states. The lead developer, IOHK, is also planning on extending its partnerships with other blockchain players, including Fireblocks, SingularityNET, Celsius, and Prime Trust.

In a YouTube streamed interview with Financial Fox on Tuesday, Cardano founder Charles Hoskinson revealed: “a lot of smart contract stuff is coming up o Cardano” in the next 2-3 months. He noted Cardano is planning on implementing several upgrades to boost the development of dApps on the blockchain.

Additionally, Cardano will also partner with other blockchain-based firms such as SingularityNET, Prime Trust, and Celsius to integrate new solutions for its users. Dubbing partnerships “necessary,” Hoskinson stated the only challenge Cardano faces is selecting the first project to integrate Cardano. Explaining the need for partnerships and upgrades on Cardano, Hoskinson said,

“You need that for Dapps, you need that for institutional investors to come in, you need that for all different kinds of actors, and that’s what consumers the majority of our time right now as a company.”

Cardano Foundation is also developing new solutions and researching new upgrades and initiatives to boost the adoption of its blockchain. One of the mentioned initiatives is a “smart contract institute” that will partner with a university (possibly, University of Wyoming) to boost smart contract development on Cardano.

Cardano Foundation has formed a close relationship with the University of Wyoming since launching a blockchain development fund in February 202. The Foundation made a $500k fund to the University of Wyoming in order to establish a new research lab focusing on blockchain development for industry applications.

The price of ADA is finally recovering after a slight blip in the last 24 hours to trade at $1.03, representing a 4.30% increase in a day. The cryptocurrency has risen over 200% in the month of February as investors eagerly anticipate the launch of the upcoming ‘Mary’ hard fork on Cardano.

Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.