More decentralization is occurring at the core and next year we’re going to see the formation of a very serious industry-leading open-source project, which I think is the bureaucracy of open source and the governance of open source done right and built for high participation of dozens if not hundreds of companies. “It’s very significant updates that are accelerating and more teams are coming in.
Hoskinson also shares what to expect for Cardano’s development next year. The reality is when you actually look at it, it’s real software.
We’re still number one in many cases, many weeks for GitHub commits and the noise would have you believe that maybe that’s just ‘hello world’ being appended again and again and again. But the people actually paying attention realize that we’re developing faster than most people in the ecosystem. “The noise would have you believe that all of these doesn’t exist or it’s a fantasy because it’s 10 years out and by then all the network effect is lost. The Cardano creator highlights that ADA’s price action is just “noise” as he believes the seventh-largest crypto is still one of the leaders in the digital asset space. At time of writing, ADA is exchanging hands at $1.24. Bitcoin’s market cap today is around 570 billion the LUNA market cap would even flip Bitcoin before the LUNA price reached 0.09. Hoskinson’s comments come as the price of Cardano continues to be in a downtrend since hitting an all-time high of $3.10 in early September. Cardano founder Charles Hoskinson took a swipe at Terra founder Do Kwon as. Every metric you can measure, meaningful or otherwise, has improved. The founder of Terra/Luna, the stablecoin that crashed dramatically in May. According to Buterin, the move to these wallets has led to complexities in user experience when users manage multiple addresses simultaneously.“The good news is every single metric you can measure about the health of Cardano from January 1st, 2020 to what we’re going to close out the year, December 31st, 2021, every metric over the last 24 months has been absolutely exceptional from the amount of ADA staked, to the amount of active users, to the catalyst participation, to the social signals, to account creation on Reddit, Telegram and other things, to the actual transaction volume on Cardano, the growth of use and utility of Cardano, the DApp ecosystem that’s formatting for Cardano, even venture capital investment. He also pointed out another potential point of failure related to smart contract wallets. The Challenges of Scaling and Smart Contract Walletsīuterin’s comments on staking come on the heels of his June 9 blog post, where he stated that the Ethereum blockchain would “fail” without sufficient scaling infrastructure to make transactions affordable. He advocated for a “constrained approach in building restaking,” focusing on what’s beneficial for the ecosystem and the potential for new innovation. Sreeram Kaanan, the founder of EigenLayer, concurred with Buterin’s concerns, emphasizing the “complex risks” associated with restaking. While it’s still in its testnet phase and not expected to launch until Q3 2023, Buterin highlighted that it poses “centralization risks.” He explained that the system would value trustworthy stakers more than untrustworthy ones, and the former are less likely to get slashed.
This protocol allows Ethereum validators and stakers to “re-stake” their assets onto other emerging networks. Charles Hoskinson JThe Future of Staking: EigenLayer Protocolīuterin also touched on the topic of the EigenLayer protocol during the podcast. Charles Hoskinson (IOHKCharles) JInvestors Sued TFL And Do Kwon The raid comes after a group of investors affected by the collapse of Luna and UST took their claims to court to file a case against Do Kwon and co-founder Daniel Shin. Guess what that's how it's supposed to be for a properly designed Proof of Stake protocol.
0 kommentar(er)
