Cardano Founder Charles Hoskinson Says ADA Has The Potential To Change Many People's Lives

Krypto Cardano. (photo: doc. Unsplash)

JAKARTA – Cardano CEO Charles Hoskinson recently revealed that ADA is his biggest passion right now. He confirmed his position on the Cardano Input Output development team by stating that he was not going anywhere.

The statement is part of Hoskinson's commitment to the development of Cardano. Furthermore, he believes that Cardano has the opportunity to change the lives of many people. Hoskinson made his commitment amidst the hype surrounding the Cardano testnet.

As reported by U.Today, a prominent developer recently argued that testnet suffered a “very severe” crash due to a bug found in version 1.35.2 of node.js. Hoskinson recently stated that Vasil's hard forks had no “quality issues” when dealing with the testnet controversy.

However, this problem has been resolved by the development team. The Cardano team claims that the tesnet is now better than before. Andrew Westberg as developer operator confirmed that the team has managed to fix the problem.

Earlier this week, Hoskinson urged developers to upgrade their nodes to version 1.35.3. This will provide full capabilities in future upgrades. Hoskinson stated that there would be many projects coming in.

Even so, the team works hard to provide the best for users including in terms of user experience, security, and fast delivery. As of this writing, the price of Cardano's native coin, ADA, is trading at IDR 6,818. In 24 hours the price of ADA has increased by 1.8% in the last 24 hours.

The History of the Cardano Crypto

Cardano was first founded in 2017 by Charles Hoskinson, the former founder of Ethereum. The name Cardano itself was inspired by an Italian mathematician, Gerolamo Cardano. Later, the name of the ADA coin was also inspired by the 19th century mathematician, Ada Lovelace.

Cardano is one of the most successful blockchains that uses a Proof-of-Stake (PoS) consensus mechanism which is claimed to be more energy-friendly than Proof-of-Work (PoW), the mechanism used by Bitcoin and Ethereum. Although Ethereum is currently transitioning from PoW to PoS in its The Merge phase.

In 2020, Cardano launched Shelley upgrades aimed at making its blockchain more decentralized. Then in 2021, the developer launched the Alonzo hard fork. With the Alonzo hard fork, ADA blockchain users can develop smart contracts and create decentralized applications (DApps) within the Cardano network.