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Cardano’s Hoskinson: May is a big month for us



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Updations, upgrades, enablements and implementations – this is how Cardano’s past few months have been looking like. They seem to be pretty much on track with respect to their roadmap. It has managed to tick a host of boxes and has made progress on the tech front.

Charles Hoskinson, CEO of IOHK, in his latest podcast spilled the beans on what Cardano intended to do in the coming days. He exclaimed,

“May is a big month for us. We passed a huge amount of internal testing.”

Currently, more than 1500 people are getting trained by Plutus’ pioneers to deploy code on the testnet. Hoskinson said,

“The integration of Plutus is going very well with the node… The teams are working well. We are where we need to be.”

By the end of this month, a presentation on Mithril and the new hydra prototype is expected. Mithril is Cardano’s light client protocol, and Hoskinson emphasized that it was a “high priority” for him. Light clients usually upgrade themselves into a full node. Hoskinson added,

“You could have a federated data feed from the state pool operators, or you can have a central server, or you can evolve crypto a little bit and use much more sophisticated cryptographic primitives.”

The IOHK CEO also brought attention to a $1.5 million budget enhancement to scale up the prototyping of their Omega team. As per the roadmap, the Omega version’s main aim is to achieve a rate of one thousand transfers per second. This would create a scalable ecosystem on the network and protect it from 51 percent attacks as well. Hoskinson exclaimed, 

“We are right now leading in the PoS world. I think we are the most evolved of all the PoS protocols.”

Hoskinson also divulged that Cardano would be scaling up their research commitments. They are likely to invest around $9 million to create specialized labs in the near future.

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With a keen eye on the Indian economic ecosystem, Lavina Daryanani's writing predominantly revolves around crypto-happenings in the Asian markets. She has a strong background in journalism and a personal inclination towards business and financial reporting.

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