- Cardano Steadily Growing With Series of Updates and Developments in Store
With the recent development going on, the CEO of IOHK, Charles Hoskinson spoke on the series of progress Cardano has made in the past few weeks, and also what the future has in store for the coin and the company. The CEO also spoke on some of the projects the company is involved in that will put the company and coin in the public. Hoskinson states that things are taking positive shape for the coin, shortly after Cardano’s second birthday at the beginning of this month, Cardano appears to have gained momentum. The blockchain technology was previously known for its slow pace in growth, but of recent, the blockchain has surpassed expectations of its community with a series of updates and new launches in the past few weeks.
In the AMA session held on YouTube, Charles Hoskinson shared a part of the development going on in Cardano. He started with the recent partnership with New Balance, an Athletic shoe brand. The project termed New Balance Realchain is the first mass-market product on the Cardano network and a good example of blockchain in action.
Cryptocurrency Is Here To Stay – Charles Hoskinson
The completion period for the project took 8 months was able to put to rest the issue of authenticity. Real chain technology will check the authenticity of luxury goods in the long-term.
Speaking on the issue of slow growth, Hoskinson believes that “slow and steady is the way to go.” He said that the major goal was for Cardano’s ADA is to take over from Bitcoin, a goal which he believes is possible, but still far away.
Hoskinson is positive that ADA will one day become one of the first cryptocurrencies to achieve a $1 trillion market cap. Amongst the goal is for the company to become its economy, and a trillion-dollar market cap would necessitate millions of users using tens of thousands of the app, which he believes is achievable.
Cardano (ADA) Price Today – ADA / USD
Name Price $0.043 -0.01%
Hoskinson spoke on the current state of the crypto industry in general, he believes every industry have its up and downs, that it was “just horrible time” in the crypto space, he is positive that crypto is here to stay. When asked when Cardano will launch its debit card, Hoskinson answered that the debit card was part of the work of the Cardano Foundation and that an official statement would be released soon.