Cryptocurrency Tech

Charles Hoskinson: How Cardano (ADA) Will become Most Useful Crypto

Cardano ADA

Long-awaited Shelley testnet was finally launched last week Thursday. Its release is seen as a means to bring about the full decentralization of Cardano (ADA), towards achieving long-standing mainstream adoption. On this note, the CEO of IOHK and creator of Cardano, Charles Hoskinson, had shared how ADA will become the most useful cryptocurrency in the market, following the launch of Shelly.

Cardano (ADA) works to challenge, or even beat its competitors in the industry. As it’s known as a full open-source and decentralized public blockchain, Cardano has put lots of effort in building a smart contract platform that is expected to outshine its contemporaries in the blockchain industry, due to the advanced features embedded in it.

According to the announcement on the launch of Shelly testnet, it’s designed to make Cardano blockchain 50 to 100 folds more decentralized than other prominent blockchain networks. Bitcoin and Ethereum networks are two major examples of such networks.

Cardano (ADA) becoming the Most Useful Cryptocurrency

Charles Hoskinson, Ethereum co-founder and CEO of IOHK has been working to aid the progress of Cardano ecosystem. Before the eventual launch of the anticipated Shelly testnet, he kept updating the community members on the progress of the project, with the assurance of final release.

To further intensify the importance of the launched project, Hoskinson pointed to some facts that would make Cardano (ADA) become more useful than any other digital currency in the market, not excluding top 10s, especially Bitcoin.

He made this assertion on Saturday while addressing the attendees of the Cardano’s second-anniversary celebration meetup, which was held in Plovdiv, Bulgaria. There he struck out their next aim for the public blockchain.

In the speech, Hoskinson assured that more features and functionalities will be added subsequently into Cardano, pointing out that this will be done bit by bit. As stipulated, such will be carried out throughout the coming year. These features he said will make ADA the most useful cryptocurrency in the market.

However, despite the latest development, the CEO stressed that Cardano will continue to be a work in progress, as it aims at increasing per second and per hour transactions on its network. Additionally, he said Cardano is keen at serving billions of people from all walks of life “over an arc of time”.

Disclaimer: Our writers invest in cryptocurrencies and it is possible the author of this article has investment in any of the digital currencies discussed. Some times author's presented information may be laced with opinions. Treat articles as mere information and not as financial advice.

Don’t miss any of our crypto news, Join our Telegram | Facebook | Twitter.

About the author

Solomon Odunayo

Solomon Odunayo had dispensed his writing ability on growing Eagles News Media, covering News for relatively 2 years as a founder and editor.

He now works with NewsLogical.com as a full time cryptocurrency Journalist and Chief Editor due to the experience he garnered over time in the crypto sphere.

Email: solomon.odunayo@newslogical.com, editor@newslogical.com.

Add Comment

Click here to post a comment

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