The digital currency Cardano has increased by over 8% in the last 24 hours and by 25% in the last seven days. The price move follows an update on Charles Hoskinson and IOHK’s plans for the Cardano network in 2022.
Cardano Outlook 2022 by Charles Hoskinson: “A formal open source project structure is being formed”
Cardano (ADA) Followers enjoyed two updates from IOHK, the team behind the development of the crypto project. On December 24th, Cardano founder Charles Hoskinson spoke for 30 minutes in one new video explain some of its goals for the next year. “My goal for the second half of 2022 is figuring out how to put all the pieces together to get an end-to-end microfinance deal on Cardano,” said Hoskinson in his video.
Hoskinson also noted that a formalized open source system would be introduced that would be similar to Linux. “A formal open source project structure is formed, similar to Hyperledger for Linux,” said the Cardano founder. Hoskinson also said that “nearly 15 companies around the world are currently working on Cardano – the sun never sets on the project”. The Cardano manager emphasized:
We have to do this by the hundreds and eventually by the thousands. We need institutions such as universities and nation states that actively cooperate and work together and are involved in the success of this project.
IOHK blog post highlights’ Realfi ‘and the’ greenest. forth coin compliment
In addition to Hoskinson’s 30-minute YouTube talk on Christmas Eve, the development team behind Cardano, IOHK, published a post that explains how users can introduce family members and friends ADA during the holidays. The post explains how the Cardano team focuses on decentralized finance (defi) but calls it “Realfi”. The blog post describes that there are around a billion people without a legal identity and this is where Realfi can help.
“This is where Cardano intervenes, thanks to Real Finance or Realfi,” says a blog post by IOHK. “Cardano can give these billions of people an identity. Indeed, a digital identity that they can use to access funds. Realfi creates value and opportunity for the real people who really need these things. “
IOHK’s blog post also highlights the fact that the network consumes a negligible amount of energy compared to the proof-of-work consumption of Bitcoin. The development team noted what it was called “the greenest coin, ”Back when ADA saw some spotlight after Elon Musk criticized this BTC Energy consumption of the network. IOHK added:
You have probably heard of climate change, energy crisis, etc. Cardano is a very green blockchain as it uses far less energy to produce new blocks than the Bitcoin or Ethereum networks. That’s because Ouroboros is a proof-of-stake protocol.
Cardano (ADA) has made a jump in value of over 8% in the last 24 hours and has increased by more than 25% in the last week. Statistics over the year to date show that ADA is up 887%, but the crypto asset is down 49.2% from its all-time high of $ 3.09 per unit on September 2, 2021. ADAThe 24-hour price range was between $ 1.43 and $ 1.59 per unit.
What do you think of cardano’s recent market performance and updates from Charles Hoskinson and IOHK? Let us know what you think on this matter in the comments below.
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Source: Crypto News Austria