- Cardano founder Charles Hoskinson discusses new plans for 2022.
- Company needs more institutions to get stakeholders.
- Plans to create a formal open-source project.
Founder of Cardano and IOG, Charles Hoskinson reveals new plans for its growth in 2022. He discussed the plans in a 30 minute-YouTube video from his residence in Colorado. Furthermore, he said a formal structure for open-source project would be created.
In the last 24 hours, the value of Cardano has crossed 8% and 25% over the previous seven days. The Cardano price change followed the updates on the company’s new plan.
Moreover, Cardano was founded in 2015 and later became an alternative to Ethereum. It processes transactions for its customers using its native currency, ADA. Also, it is credited for being one of the top cryptocurrency networks.
Users of Cardano were pleased to see two updates from IOHK, the crypto projects development team.
Hoskinson said in his video,
My goal for the second half of 2022 is to figure out how to put all the pieces together to get an end-to-end microfinance transaction on Cardano.
He also added that almost 15 companies are working on Cardano now, across the world. The company is also looking forward to increasing the number of businesses working with them.
Also, in the future, nationwide states and universities can also collaborate and cooperate with company projects.
In addition to the video talk, IOHK published a post explaining how users can introduce ADA to their friends and family. The post adds how Cardano focuses on decentralized finance– DeFi, and denotes it as “Realfi”.
The company can give digital identity to the users for accessing finance. Likewise, real committed users can make use of Realfi’s value and opportunity. The post also shows that the network uses only an insignificant amount of energy consumption, compared with Bitcoin’s consumption of proof-of-work. IOHK dubbed the company coin as “the greenest coin”, when Elon Musk criticized energy consumption of the BTC network. Meanwhile, the development team added that Cardano is a green blockchain, as it produces new blocks with far less energy than the Ethereum or Bitcoin networks.