CARDANO- Our Sleeping Queen needs a Kiss to break over 1,5
Charles Hoskinson attempted to give the magic kiss when he Shared the Cardano Plans for 2022.
The Cardano founder also used his talk to slam networks that "purport to be decentralized."
On Christmas Eve, Cardano founder Charles Hoskinson posted a 30-minute Youtube video where he reviewed some of Cardano’s greatest achievements for 2021 and shared some of its biggest plans for next year.
“There was a tweet from 2020 where I said, ‘I predict by next year we’ll have thousands of dApps and hundreds of assets on Cardano,’ and I got it wrong in both directions,” said Hoskinson.
According to him, instead of hundreds, there are now over two million assets issued on the Cardano network, the majority of which are reportedly NFTs. Concerning the expansion of decentralized applications (dApps) on the network, however, Hoskinson said, “we have yet to see significant traction there.” He claimed that this was due to the delayed release of the Goguen update, which introduced smart contracts to the network.
DeFi On Cardano
The deployment of decentralized finance (DeFi) on the Cardano blockchain has been a long-awaited event for both the network and its supporters. With smart contracts capability launched in September, expectations have grown even more as investors anticipate the launch of the first DeFi protocols. Developers continue to work hard towards this goal.
Hoskison took time to address this important part of the Cardano network as he explained his plan to bring affordable loans to the network through DeFi. He outlines this goal as something he is working towards so that by the second half of 2022, there can be working protocols on the network where people are able to perform end-to-end Microfinance transactions on the blockchain.
“My goal for the second half of 2022 is to figure out how to put all the pieces together to get an end-to-end microfinance transaction on Cardano. So that a real person in Kenya or somewhere with a blockchain-based identity and credit score, stablecoin on the other side, Cardano is the settlement rail,” Hoskinson said.
What a year this has been for ADA. From 20cents to 3$ and ready to repeat the success in 2022.
One Love,
the FXPROFESOR
The Cardano founder also used his talk to slam networks that "purport to be decentralized."
On Christmas Eve, Cardano founder Charles Hoskinson posted a 30-minute Youtube video where he reviewed some of Cardano’s greatest achievements for 2021 and shared some of its biggest plans for next year.
“There was a tweet from 2020 where I said, ‘I predict by next year we’ll have thousands of dApps and hundreds of assets on Cardano,’ and I got it wrong in both directions,” said Hoskinson.
According to him, instead of hundreds, there are now over two million assets issued on the Cardano network, the majority of which are reportedly NFTs. Concerning the expansion of decentralized applications (dApps) on the network, however, Hoskinson said, “we have yet to see significant traction there.” He claimed that this was due to the delayed release of the Goguen update, which introduced smart contracts to the network.
DeFi On Cardano
The deployment of decentralized finance (DeFi) on the Cardano blockchain has been a long-awaited event for both the network and its supporters. With smart contracts capability launched in September, expectations have grown even more as investors anticipate the launch of the first DeFi protocols. Developers continue to work hard towards this goal.
Hoskison took time to address this important part of the Cardano network as he explained his plan to bring affordable loans to the network through DeFi. He outlines this goal as something he is working towards so that by the second half of 2022, there can be working protocols on the network where people are able to perform end-to-end Microfinance transactions on the blockchain.
“My goal for the second half of 2022 is to figure out how to put all the pieces together to get an end-to-end microfinance transaction on Cardano. So that a real person in Kenya or somewhere with a blockchain-based identity and credit score, stablecoin on the other side, Cardano is the settlement rail,” Hoskinson said.
What a year this has been for ADA. From 20cents to 3$ and ready to repeat the success in 2022.
One Love,
the FXPROFESOR
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