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Timestabloid

05/28/2023

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Charles Hoskinson Unveils Cardano Vision for the Summer, Says ADA Could Surpass Other Top Cryptos - Times Tabloid

Charles Hoskinson, the CEO of Input Output Global (IOG), has shared the vision for the future of Cardano (ADA), the top proof of stake (PoS) blockchain platform, claiming that it could soon overtake other top cryptocurrencies. In a recent video, Hoskinson discussed Cardano Summer, claiming that the digital token ADA has the capability to surpass […]

Charles Hoskinson Unveils Cardano Vision for the Summer, Says ADA Could Surpass Other Top Cryptos - Times Tabloid

Charles Hoskinson, the CEO of Input Output Global (IOG), has shared the vision for the future of Cardano (ADA), the top proof of stake (PoS) blockchain platform, claiming that it could soon overtake other top cryptocurrencies.

In a recent video, Hoskinson discussed Cardano Summer, claiming that the digital token ADA has the capability to surpass Bitcoin (BTC), Ethereum (ETH), and other top cryptocurrencies, thanks to a series of updates and proposals ready to be released in the coming weeks.

Read Also: Cardano Developer Debunks Hydra 1 Million TPS Capability Rumor, Hoskinson Reacts

One of the most notable updates is the CIP-1694 proposal, which aims to revolutionize Cardano’s on-chain governance infrastructure and make the network truly decentralized.

The proposal is set to be integrated into the upcoming Voltaire update and will allow any user to submit a governance action.

Hoskinson also talked about Cardano’s ongoing effort to measure and quantify decentralization using metrics such as the Genie and Nakamoto coefficients.

These metrics would provide valuable insights into Cardano’s level of decentralization and could be adopted by major regulatory bodies worldwide.

By using these indicators to assess decentralization, policy-makers could formulate informed regulations and differentiate between cryptocurrencies as either commodities or protocols based on their decentralization.

Read Also: Cardano Set To Become One of the Largest EVM Chains by User Base and Staking Rewards

The Cardano creator also addressed the ongoing regulatory disorder and shared how the development team is tackling the issue.

Hoskinson stressed the need for a more appealing regulatory framework, which could be fostered through the adoption of decentralization metrics like the Genie and Nakamoto coefficients.


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Solomon Odunayo

Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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