Charles Hoskinson calls Cardano the Root of Trust for crypto

Cardano co-founder Charles Hoskinson recently called Cardano the foundation of trust for the crypto industry.

The Input-Output Global (IOG) CEO praised Cardano at the Cardano Summit. The global gathering recently concluded in Dubai with several crypto ventures and enthusiasts. Hoskinson believes that Cardano has offered a glimpse into the future of innovative technologies and community governance.

What Cardano has achieved over the past seven years is remarkable. The network has been operating for five years without any failure. It is always running 24 hours a day, 7 days a week, added Cardano CEO.

Besides this, Hoskinson revealed a completely new framework, Partner Chains. The framework aims to bring about a revolutionary change in the way blockchains are launched and moderated. The innovation merges modular blockchain technology with Cardano’s reliability, security, and liquidity.

The Cardano co-founder emphasized that Partner Chains will help validators and developers harness Cardano’s core strength. At the same time, it will use new Cardano technologies for the development of optimized partner chains.

It is worth noting that Cardano recently announced its first partner chain, Midnight, to integrate the new framework.

Till then, the Cardano community is trying to build and expand the Cardano ecosystem. Even the IOG team actively took part in the Cardano Summit with panels, keynotes, new product lineups, and masterclasses.

A comprehensive schedule of forthcoming crypto events encompasses a wide range of noteworthy subjects, including Blockchain, Cryptocurrency, Metaverse, DeFi, NFT, Web3, Finance, Forex, FinTech, and digital payment.

At the summit, Cardano highlighted the efforts of the Mithril squad in developing a P2P networking proof of concept. Moreover, the network showcased how it has launched 148 projects, 9 million tokens, and a whopping 77.6 million transactions.

Given the status Cardano has achieved, the claims made by Hoskinson seem valid. As seen in its most recent initiatives, the network is actively working to change the cryptocurrency ecosystem.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 65,122.45
ethereum
Ethereum (ETH) $ 3,539.56
tether
Tether (USDT) $ 0.999514
bnb
BNB (BNB) $ 597.29
solana
Solana (SOL) $ 138.01
xrp
XRP (XRP) $ 0.493708
dogecoin
Dogecoin (DOGE) $ 0.124184
cardano
Cardano (ADA) $ 0.385855