Connect with us

Altcoins

Cardano: This will be a ‘high priority’ for Hoskinson going forward

Published

on

Source: Pixabay

The Cardano community welcomed the Goguen era a little while back and as per the founder of the project, Charles Hoskinson, everything remains on schedule. The IOHK CEO in his latest video noted that work on Alonzo’s update is “going smooth,” and the community will receive an update about it soon. With Alonzo looming, it is a crucial time for the community, especially since the same is expected to bring smart contract capabilities to the Cardano ecosystem.

What’s more, according to some, recent updates have further strengthened the arguments of those who see it as an alternative to Ethereum. This was the expectation highlighted by the Foundation recently, with Hoskinson recently outlining the progress of Alonzo by commenting,

“Application backend integration is on schedule, the wallet backend integration is on schedule….. Now, we’re in the white era and right now we are mass onboarding people and pushing out the new node version 1.2.8, that coming soon.”

Source: Twitter

The Alonzo update is taking place in phases and with its launch. The team just completed the blue era recently, moving on to the White era. These sub-stages of launch will be followed by a mainnet launch on the Cardano network in September. According to Hoskinson, however, as this closes in, his priority will lie with getting Cardano into the browser.

This won’t be as straightforward as it seems, the exec was quick to warn. While talking about Mithril, Cardano’s light client protocol, the CEO noted that it will enable full security to assure clients and fast bootstrapping – where there can be certificates created for each epic while allowing the ability for parallel validation of the epics.

While these features can be added without much hassle, Hoskinson argued that it needs a new crypto-primitive. To find the same would be a high priority as it would spur growth for Cardano, he added.

Hoskinson explained,

“Getting Cardano into the browser and making sure that that’s a great experience… getting Cardano on cell phone and tap ecosystem on the cell phone is a high priority. As we march towards Goguen, it’s very important that we also have a strategy to make sure that light client experience gets where it needs to go.”

While the road to the Alonzo hard fork seems to be on track, ADA’s price performances have been underwhelming of late, especially when put in the context of its ATHs earlier in the year. With the crypto ranked fifth of CMC’s charts with a market cap of $36.28 billion at press time, only time will tell whether these ecosystem-centric developments will trigger a price hike on the charts once again.

Where to Invest?

Subscribe to our newsletter

Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *