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03/18/2024

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Hoskinson Clarifies Cardano – World Mobile Deal

Following concerns over fear, uncertainty, and doubt (FUD) surrounding World Mobile, a Cardano partner company, Charles Hoskinson, has made certain clarifications.According to a tweet by the Cardano...

Hoskinson Clarifies Cardano – World Mobile Deal

Cryptomode Hoskinson Clarifies Cardano Partnership Stance With World Mobile

Following concerns over fear, uncertainty, and doubt (FUD) surrounding World Mobile, a Cardano partner company, Charles Hoskinson, has made certain clarifications.

According to a tweet by the Cardano founder on X, the alliance with World Mobile is geared toward creating a varied platform to handle diverse functions such as complex hardware, user-based network expansion, and licensed spectrum.

Man, it's raining FUD this weekend, and I'm not sure about the origin. I guess it's that time of the cycle where everyone freaks out about Cardano's potential and roadmap, so they throw a wave of FUD at us.

With respect to World Mobile, the goals of their project require the…

— Charles Hoskinson (@IOHK_Charles) March 17, 2024

Hoskinson Backs World Mobile

Furthermore, Hoskinson stated that there is a persistent misunderstanding regarding partner chains and their relationship with the Cardano network. He added that Cardano introduced Cardano Contract Language (CL) in 2016. He further said

It is crucial to recognize that intricate projects like the World Mobile Chain (WMC) require the flexibility to establish distinct protocols, encompassing variations in consensus mechanisms, ledger rules, network architecture, and transaction procedures.

In his support of World Mobile’s CEO, Micky Watkins, he highlights the need for more advanced frameworks for World Mobile’s core objectives. He pointed out that such developments take time to mature, citing the growth trajectory of Sidechain’s Midnight DevNet as an example.

World Mobile has partnered with the Cardano blockchain on various projects since April 2021. World Mobile, an innovative telecommunications firm leveraging blockchain technology, prides itself on a decentralized hybrid network that offers connectivity at a fraction of the cost compared to traditional mobile networks.

The project aims to bridge the global digital divide by extending internet access to approximately 3 billion people.

Cardano’s SuperNode

Meanwhile, Cardano is on the brink of introducing its “SuperNode,” aimed at redefining the landscape of smart contract blockchains. The innovative SuperNode, which mirrors Kaleido’s Hyperledger FireFly, will simplify the complexities between blockchains that power chains of business processes and user interfaces.

It will empower Cardano developers to create applications tailored to operate seamlessly across multiple blockchains. Beyond its technological benefits, this innovation also has social and economic advantages.

For instance, Stake Pool Operators (SPOs) receive rewards from SuperNode operations when they validate multi-chain protocols. However, rewards are distributed among delegators for increased engagement and activity within the network.

This development comes after Hoskinson announced the Hyperledger Firefly integration on the Cardano network. These updates mark the flurry of activities happening on the Cardano network.

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ORIGINAL SOURCE

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