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How Well 2020 is going for Cardano

How Well 2020 is going for Cardano
  • There have been so many achievements for the Cardano protocol of the course of this year. 
  • Charles Hoskinson is a big believer that the protocol will be 100% more decentralised than the leading cryptocurrency, bitcoin.

There have been so many achievements for the Cardano protocol of the course of this year. Even though we’re already in March, the OBFT hard fork went off without a hitch with the community highly anticipating the next era of Shelley. The CEO of IOHK, Charles Hoskinson is a big believer that the protocol will be 100% more decentralised than the leading cryptocurrency, bitcoin. 

He further said:

“We are going to be the most decentralized cryptocurrency by the end of the year. At least, 100 times more or so than Bitcoin, the evidence of that is clear with the incentivized testnet, a thousand stake pools registered. A lot of them operating at a good capacity. So there is an overwhelming demand for decentralized systems.”

One of the most active entities in the crypto space as of late is the Cardano Foundation and the key aim for this company is to be fully decentralised. 

One of the chairmen for the Cardano Foundation, Nathan Kaiser said, “Legislation is key to adoption and real use cases of blockchain”

Many developments have been going on in the protocol recently and it has been noted by the blockchain organisation towards achieving its goal of being fully decentralised. 

The CEO went on to say:

“The people who care and need this infrastructure are not you and me. We are in the developed world, we have bank accounts, we have access to financial services. When we go to borrow money, we borrow at a reasonable rate. We can go to buy a home, we can buy a home. The people who care about this are people who live in places with a 35% interest rate, and remittance that cost 15%. So we went and rolled it out in Africa.”

For more news on this and other crypto updates, keep it with CryptoDaily!

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