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Here’s what comes to Cardano in 2022, according to crypto-asset creator Charles Hoskinson

Charles Hoskinson looks forward to a busy 2022 as the smart contract platform Cardano (ADA) strives for long-term growth in the world market.
In a new solo YouTube chat, the Cardano founder and CEO of Input Output Hong Kong (IOHK) tells his 300,000 subscribers about the 2021 milestones and the future goals he is working towards.

A major goal on Hoskinson’s list is to make plans for using the Blockchain-Technology to provide affordable credit to the world’s poorest through decentralized funding.

“My goal for the second half of 2022 is to figure out how to put all the pieces together to get an end-to-end microfinance transaction on Cardano. So that a real person in Kenya or anywhere with a blockchain-based identity and credit rating on the other hand Stablecoin is, Cardano is the accounting line. Peer-to-peer, person-to-person, click a button, credit goes to them. You pay it back [it] goes to the other side. “

The CEO believes that empowering people financially across the African continent could have far-reaching implications that could revolutionize traditional finance.

It’s permissionless, and you can’t turn it off once this happens. It opens a thousand conversations [like] What is a good identity? What is a good credit score? What other products and services should there be in real finance in Africa? And how do we spread that across Africa? That is the dream. “

Next, Hoskinson discusses a number of outlined technological milestones for the coming year.

“A formal open source project structure will be formed next year, similar to Hyperledger for Linux. We’ll see how many institutions are wired and all the people currently working on it will be overhauled including me …

When you look at things like improving [Cardano’s smart contract platform] Plutus, there are already three CIPS [Cardano improvement proposals] as a result of the work we’ve done with developers who have to come.

We have pipelining that has to come in, input endorsers that have to come in. Peer-to-peer is currently being tested with the stake pool operators in the test network, and a lot is happening there. “

Hoskinson concludes by stating how accomplishing the initial technical goals cascades into accomplishing future goals.

“We started with correctness as the top priority and now this [it] When we have achieved this, we move on to optimizing performance, usability, and these factors.

This is a game of fast iteration. You do a little. You have a great advantage …

We stage things appropriately and see a refinement of the science of things. The adoption is here. The community is there. We have grown to around two million people. “

At the time of writing, Cardano’s native ADA token is trading for $ 1.40.


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Source: Crypto News Deutsch

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