Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
No Result
View All Result
The Daily Hodl
No Result
View All Result

Charles Hoskinson Says Cardano Will Be the Most Useful Cryptocurrency As Shelley Testnet Launches

by Daily Hodl Staff
September 30, 2019
in Blockchain
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

‎‎‎ ‏‏‎

ADVERTISEMENT

Charles Hoskinson, creator of Cardano and co-creator of Ethereum, is touting new developments made by IOHK, the foundation behind the development of Cardano, a fully open-source and decentralized public blockchain.

The cryptocurrency project, which uses its native digital asset ADA, is developing a smart contract platform that promises more advanced features than its competitors.

On Thursday IOHK announced the launch of the Shelley testnet, the first step in creating a network that’s “50-100 times more decentralized than other large blockchain networks” such as Bitcoin.

According to the development team,

“Not only that, but the entire Cardano network runs at a fraction of the power cost of equivalent proof-of-work blockchains, using the electricity equivalent of a single house, rather than a small country.”

Speaking on Saturday in Plovdiv, Bulgaria to celebrate Cardano’s second anniversary, Hoskinson mapped out an extensive vision for the public blockchain.

“All throughout 2020, we’ll be gradually, slowly but surely, adding features and functionality into Cardano … If you send something on our network, it can make it look like a Bitcoin-style push transaction circa January 3, 2009. And you can go all the way to a modern Cardano transaction and embed all kinds of interesting data inside that thing and enjoy the power of that.

ADVERTISEMENT

So if we do that, I have a firm belief Cardano will be the most useful cryptocurrency on the market. But are we done? No. Because we need to scale. We need to go beyond just a few hundred TPS (transactions per second). We need to go beyond just the ability to send a few thousand transactions an hour. We need to be able to move to a world where Cardano can service, realistically, millions to billions of people over an arc of time.”

Hoskinson says that he and his team, through a process of rigorous peer review, will be able to accelerate Cardano “beyond most, if not all cryptocurrencies currently in the market and coming on to market.”

He adds,

“If all we accomplished was building a better bank or a better exchange or a better stock market, or clipping off a penny from a transaction that people send, or making wire transfers cheap, this would be an evolution and I guess it would make some people rich, and we’d be able to go home and say, ‘Yes, I did something.’ But it’s not meaningful.

The reason why we’re here – this industry exists – is because the world is changing. The philosophy of the world is changing. The ways the governments work are changing due to the pressures of instantaneous, instant availability of information from the internet, the instantaneous flow of value from the internet and from globalization…

The point of our industry is we’re providing a toolbox and a collection of visions of where we can take the world, where we can collectively decide on how to solve problems, whether they be environmental problems, whether they be problems of governance and wars or problems of resource allocations –without saying that there’s some central country in charge, like China or the United States. Or without building some sort of giant meta government that basically gets rid of the nation state.

That’s the magic of the blockchain industry. We, in a completely decentralized, libertarian, private way are having conversations about reinventing money and consent and property rights – the very structure of the world.”

ADVERTISEMENT
Follow us on Facebook            Join us on Telegram            Follow us on Twitter


Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • eToro and DS TECHEETAH Change Face of Sponsorship With Unique Profit Only Deal
    March 3, 2021
  • Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming
    February 26, 2021
  • Bang Bang: Critical Factors Fueling Rise of the Retail Investor
    February 25, 2021
  • How Traders Make Money in Both Bull and Bear Markets on BigoMex
    February 25, 2021
  • Student Coin Found New Ways to Use Crypto
    February 24, 2021
Submit a Guest Post
ADVERTISEMENT
Bitcoin
$47,643.00
$47,643.00
4.53%
Ethereum
$1,483.31
$1,483.31
5.58%
Binance Coin
$224.68
$224.68
6.19%
Polkadot
$33.11
$33.11
8.96%
Cardano
$1.13
$1.13
3.79%
XRP
$0.462235
$0.462235
1.51%
ADVERTISEMENT

Spotlight

  • Coinbase Names Bitcoin Creator Satoshi Nakamoto As Potential Risk to Its Business
    February 27, 2021
  • Retail Goliath Rakuten Now Allows Users To Pay With Bitcoin, Ethereum and Bitcoin Cash
    March 3, 2021
  • Crypto Bull Mike Novogratz Dramatically Increases Bitcoin Price Forecast for End of 2021
    February 28, 2021
  • One of the Most Exciting Altcoins on the Market Gaining Real-World Adoption in Digital Payments, According to Coin Bureau
    March 4, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro

© 2020 The Daily Hodl

×
We use cookies to give you the best online experience possible. Continue browsing if you are happy with that, or see how to manage cookies.