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Frax Ether (FRXETH) $ 4,078.65

Hoskinson Outlines Key Themes for Cardano

By admin On Jan 20, 2025

Anna Martynova

Charles HOSKINSON, the founder of Cardano, outlined some of the key themes for the project in a recent social media post. One of the key themes will be the implementation of Bitcoin’s decentralized finance (DeFi) into Cardano. Cardano will also focus on scalability with Ouroboros Leios, a new variant of the Ouroboros family that could significantly increase throughput. Leios could potentially help Cardano challenge competitors like Solana.

The developers are expected to work on a variety of integrations. Hoskinson said he has already set up a meeting with Chainlink. Hoskinson also recently revealed that his team is in talks with well-known blockchain company Ripple regarding the integration of the RLUSD stablecoin. The Cardano founder also recently dismissed the idea of using IOG profits to fund ecosystem initiatives such as stablecoin integration.

Cardano (ADA), the native token of the blockchain of the same name, has fallen more than 5.1% in the last 24 hours. However, it remains in the top 10 on CoinMarketCap after a significant rally. Last year, the blockchain completed the Chang hard fork, which introduced on-chain governance. Now, Cardano is approaching the activation of the second part of the upgrade. IOG is now approaching the upcoming Plomin hard fork, which is expected to make governance fully decentralized.

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