Charles Hoskinson: The 2020’s will be the Cardano-decade
Charles Hoskinson, CEO of IOHK, believes that this will be the decade of Cardano. With a successful introduction of test networks with an incentive system, and over 500 have already started, Stake pool, said Hoskinson, that Cardano is strengthening its efforts to commercialization of the technology that you have developed in the last three years.
After the successful launch of the Incentive test network for the Shelley-Era of Cardano IOHK seems to have in the development of his ambitious Blockchain project is a big step forward. With over 500 Stake Pools in the Incentive test network Charles Hoskinson, CEO of IOHK believes that to be a great success for Cardano is in front of the door. In a YouTube AMA of 3. January 2020 gave Hoskinson one of his detailed reports on the current status of Cardano and the future plans for IOHK, the Cardano Foundation and Emurgo. Hoskinson said, the date of the AMA’s have a special meaning. It coincided with Bitcoins 11. Birthday together. He noted that the first crypto currency in the world was for him as well as for Cardano is very important, because it brought a whole new industry, which is already changing the world:
According to Hoskinson, the last decade has brought about so many fundamental changes that it is well possible that the next decade will end with things like commercial quantum computers and a private space. The biggest change, however, is not led by the crypto-currencies brought about, he said, because they only bring changes in industries such as journalism and Finance, but also a driving force will be, which will boost the economy of developing countries and their people will get out of poverty.
Fundamental changes in the world are not going to Cardano in the past. Hoskinson said that the Cardano Team plans to achieve in the next ten years, an unprecedented success. “This is the decade of Cardano,” he said in the AMA, and added that diligently worked to make Cardano until the end of the 2020’s, the dominant force in the field of crypto-currencies.
Hoskinson believes that the obsession of IOHK, to make the technology “right” is the right approach to secure the future development. From there, he said, you need to ensure that the technology developed by them has the right for commercial use. With a platform that has been developed for the processing of billions of transactions per day, believes Hoskinson, that it is not so far-fetched, to reach more than a billion users.
One of the priorities of IOHK will be to ensure that the technology is experiencing a commercial use. Fortunately, IOHK has a very good understanding of what needs to be done to a functioning, global, networked System. The reason why both Hoskinson as well as IOHK seem so optimistic about the future of your product, is the fact that you have made it intentionally slow and easy.
“The reason why Bitcoin was so successful, is that Satoshi has created a simple System with great incentives,” he said and added that Cardano has used in his test network, incentives in order to secure the growth of the network. He noted, however, that Cardano is in spite of the continuous research in the area of Incentives is not a academic project. All the efforts that have been invested in perfecting the operations, and Incentives, were part of the “aggressive” commercialization of Cardano by IOHK. It is primarily a commercial project, noted Hoskinson and said that Cardano was a platform for solutions.
Big plans for 2020
When it comes to concrete announcements about upcoming publications, hesitated Hoskinson, to call certain data or information. He, however, announced some of the plans, the IOHK and the Cardano Foundation for the first half of 2020, and showed that the company has stepped up its efforts since the introduction of the Incentive test network for Shelley. Alone of January will bring Cardano a lot of Updates. Hoskinson said that in addition to the Haskell Wallet Backend, the Haskell Shelley Testnet will be released in the next few weeks. The main power for Shelley, the “soon” to be released, most likely will go sometime in February live.
The most Important thing, what is going to happen this year, is the development and use of zero-Knowledge Proofs. Sonic, Cardano’s own SNARK, which was developed in 2018, will be one of the main themes of the upcoming Cardano summit to be held in Edinborough to be the end of the month. With an entire Team exclusively dedicated to the implementation of SNARKs and Sonic, there will be to discuss and certainly a lot.
Featured Image: Akarat Phasura | Shutterstock
