• Wed. Nov 29th, 2023

Cardano Founder Charles Hoskinson to Unveil Roadmap for 2022

Hassan Mehmood

ByHassan Mehmood

Nov 28, 2021

Cardano blockchain has been moving slowly but consistently towards the top. The blockchain developers have decided to add updates and upgrades under a road map that is shared by its founder. According to the plans for the current year, the network has now become smart contracts activated after the implementation of the Alonzo fork.

The CEO of IOG has shared the key themes for the 2022 roadmap plans for the Cardano blockchain. He recently took to Twitter to acknowledge and celebrate the milestones that the network was able to accomplish during 2021. He mentioned in the tweet that there are hundreds of new projects that are lined up for getting started on the network for the next year.

Cardano Blockchain Adopts Smart Contracts Capability

The Cardano blockchain will embrace the next year with smart contracts feature operating in full swing. The co-founder of Cardano, Hoskinson, has claimed that the living network of the blockchain has been able to show formidable growth for the current year and meet all expectations. He further added that all the new projects that have been applied for working with the Cardano blockchain are innovative and unbelievable.

However, at this point, not all the members of the crypto community were happy. The Ethereum developers and maximalists posted their protest on social media against Cardano. The reason for this protest is the demonstration related to the UTXO model. This protocol allows a blockchain network to process one transaction per block.

The Cardano blockchain generated a considerable amount of buzz after implementing the Alonzo hard fork that has also been debated on social media platforms. However, in March of the current year, the developers of Cardano made the ecosystem compatible with the staking pools by migrating governance. For most of 2020, both investors and developers were waiting for the staking feature to enable on the network.

Another important and noteworthy upgrade of Cardano happened in 2020, when the blockchain became fully decentralized. In March 2020, the developers shut down the core nodes belonging to the IOG and EMURGO for good. This means that the Cardano community is now fully responsible for handling the block production on the network.

Hassan Mehmood

Hassan Mehmood

Hassan Mehmood, a valued writer at Big Trends Signals, uses his profound online trading expertise to produce in-depth guides and unbiased reviews, enabling traders to navigate digital marketplaces efficiently.

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