Warning: session_start(): open(/tmp/sess_dc3595682cecd44c558b899e49dca5b3, O_RDWR) failed: Disk quota exceeded (122) in /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83

Warning: session_start(): Failed to read session data: files (path: /tmp) in /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-social-login/class.jnews-social-login.php on line 83

Warning: Cannot modify header information - headers already sent by (output started at /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-social-login/class.jnews-social-login.php:83) in /home/customer/www/thefuturecoin.com/public_html/wp-content/plugins/jnews-weather/class.jnews-weather.php on line 70
Hoskinson reveals interoperability efforts for Cardano – The Future Coin
The Future Coin

Bitcoin

$56,837.21

BTC 2.00%

Ethereum

$2,253.63

ETH 3.27%

XRP

$1.50

XRP 12.26%

Litecoin

$273.89

LTC 4.88%

EOS

$7.26

EOS 7.88%

  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases
No Result
View All Result
The Future Coin
No Result
View All Result
Home Litecoin News

Hoskinson reveals interoperability efforts for Cardano

by The Future Coin
August 22, 2020
in Litecoin News
0
Cardano releases updates on Daedalus, Adrestia and Goguen
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Cardano

Source: Comdas – Shutterstock

  • Charles Hoskinson has revealed IOHK’s efforts to increase the interoperability of Cardano with Litecoin, Ethereum Classic, Bitcoin Cash, among others.
  • Hoskinson rejected maximalism and called against radical positions in favor of cooperation in the crypto ecosystem.

In a new video by IOHK CEO Charles Hoskinson, he revealed the company’s efforts to increase Cardano‘s interoperability with Ethereum Classic, Litecoin, Bitcoin Cash, among others. The IOHK CEO addressed the criticism he has received from a part of the community that has asked him to focus solely on Cardano. Hoskinson said that although IOHK’s main project is Cardano, the company has other projects:

First of all, I run a very large company. We have about 250 employees. About half of those people wake up every day and are involved with Cardano, the other half are not. So, as the CEO of a company where you have that division, there are non-Cardano things I do (…) We want Cardano to be successful and have billions of users (…)

Hoskinson also emphasized that all the partnerships they make globally follow a “Cardano first” policy. Therefore, IOHK’s team concentrates on building and deploying the agreements for Cardano. However, the IOHK CEO stressed that “one of the pillars of a third generation cryptocurrency is interoperability”.

Cardano’s creator speaks out against Bitcoin maximalism

The IOHK CEO then went on to address one of the problems which he believes is hampering the development of the crypto industry: Maximalism, the constant debate of a community to prove that their cryptocurrency is better than another. In many cases, this idea leads users and project managers into what Hoskinson later called “bar fights”. According to Hoskinson, this makes the debates destructive to the community and the industry:

Either you want one coin to dominate them all and you don’t mind talking to other systems or you put your money where your mouth is and work with these other systems, build expertise in these systems, affect changes in these systems so they can partner with ours and work with our systems.

However, Hoskinson clarified that IOHK’s team will not work for the competition or for projects that may be competition for Cardano. The projects developed by IOHK must have a benefit for Cardano. In that sense, Hoskinson also clarified that Ethereum Classic is not a direct competition to Cardano. He emphasized that the team working on the interoperability between the two platforms is a completely separate team and that the Cardano projects are not delayed by this.

The IOHK CEO called on the community to move away from the “maximalist mentality”. In the future, Cardano will have more interoperability with other cryptocurrencies, but also with traditional financial institutions and systems outside the blockchain industry. This, Hoskinson said, will make the project more attractive to future investors:

(…) Cardano’s ecosystem will work with hundreds if not thousands of different standards during his lifetime. From central banks to other cryptocurrencies to legacy finance operators, with the Chases of the world, the Goldman Sachs of the world, provisions will be made to build special hooks with these systems. Including interoperability with permissioned systems, it is very likely that within the next 24 months Cardano will be taken to an instance of IBM’s Hyperledger Fabric (…)

Hoskinson said Cardano will provide “true interoperability” and stressed that the partnerships IOHK is working on will be beneficial to Cardano. He added that Cardano’s local wallet, Daedalus, will become a multi-coin tool that integrates other blockchains like Litecoin, Ethereum Classic or Bitcoin Cash. The goal, Hoskinson said, is to achieve further milestones by working with other ecosystems:

It’s time for us as an industry to put this aside and grow up, otherwise what’s the point? Why would anyone who sees from the outside all this chaos, noise, madness and maximalism want to come and play in this pool (…) How can we get mass adoption (…) if we can’t be able to entertain other ideas, other philosophies and other ecosystems?

Below, you can watch the video of IOHK CEO Charles Hoskinson:



Source link

EDITOR’S CHOICE

You Can Now Earn Ethereum 2.0 Staking Rewards on Coinbase

Ethereum Could Reduce Fees With Batch Transactions

Ethereum Rival Polkadot Futures Suffer 99% Flash Crash—Forcing Binance To Enact Fresh Controls

Global Crypto Investment Fund FD7 Ventures to Sell $750M USD Worth of Bitcoin to Increase Cardano and Polkadot Holdings

Coinbase Files for Direct Public Listing With SEC – Cryptocurrency Regulation

Tanla to take Blockchain platform Trubloq abroad

Best Pick For You

News

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business News
  • Ethereum News
  • Litecoin News
  • Ripple News

Features

  • Market Analysis
  • Opinion
  • Explained
  • Policy & Regulations
  • Top Cryptocurrencies
  • Technology News

Market Tools

  • Market News
  • Price Indexes
  • Bitcoin Price Index
  • Ethereum Price Index
  • Bitcoin Cash Price Index
  • Litecoin Price Index
  • Monero Price Index
  • HeatmapPartner

Cryptopedia

  • Explained
  • Bitcoin101
  • Bitcoin Cash101
  • Ethereum101
  • ICO101
  • Ripple101

© 2020 Coingraph

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases

© 2020 Coingraph

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
bitcoin
Bitcoin (BTC) $ 56,708.00
ethereum
Ethereum (ETH) $ 2,252.44
binance-coin
Binance Coin (BNB) $ 523.54
xrp
XRP (XRP) $ 1.50
tether
Tether (USDT) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.335643
cardano
Cardano (ADA) $ 1.30
polkadot
Polkadot (DOT) $ 37.74
bitcoin-cash
Bitcoin Cash (BCH) $ 997.21
litecoin
Litecoin (LTC) $ 273.61
vechain
VeChain (VET) $ 0.263937
chainlink
Chainlink (LINK) $ 40.42
uniswap
Uniswap (UNI) $ 31.85
stellar
Stellar (XLM) $ 0.559810
usd-coin
USD Coin (USDC) $ 0.998189
theta-token
Theta Network (THETA) $ 12.33
filecoin
Filecoin (FIL) $ 161.04
tron
TRON (TRX) $ 0.145384
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 56,750.00
neo
NEO (NEO) $ 118.78
solana
Solana (SOL) $ 30.29
eos
EOS (EOS) $ 7.22
iota
IOTA (MIOTA) $ 2.35
klay-token
Klaytn (KLAY) $ 2.62
binance-usd
Binance USD (BUSD) $ 0.996301
monero
Monero (XMR) $ 342.87
bitcoin-sv
Bitcoin SV (BSV) $ 326.62
crypto-com-chain
Crypto.com Coin (CRO) $ 0.220341
bittorrent-2
BitTorrent (BTT) $ 0.008459
terra-luna
Terra (LUNA) $ 13.55
cosmos
Cosmos (ATOM) $ 21.46
aave
Aave (AAVE) $ 387.29
tezos
Tezos (XTZ) $ 6.24
okb
OKB (OKB) $ 17.66
ethereum-classic
Ethereum Classic (ETC) $ 36.88
ftx-token
FTX Token (FTT) $ 51.50
algorand
Algorand (ALGO) $ 1.48
compound-ether
cETH (CETH) $ 45.01
nem
NEM (XEM) $ 0.403265
pancakeswap-token
PancakeSwap (CAKE) $ 24.32
avalanche-2
Avalanche (AVAX) $ 29.63
kusama
Kusama (KSM) $ 416.92
thorchain
THORChain (RUNE) $ 15.88
dai
Dai (DAI) $ 1.00
compound-usd-coin
cUSDC (CUSDC) $ 0.021907
elrond-erd-2
Elrond (EGLD) $ 188.87
holotoken
Holo (HOT) $ 0.018181
maker
Maker (MKR) $ 3,562.01
dash
Dash (DASH) $ 314.19
huobi-token
Huobi Token (HT) $ 17.90