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Cardano working on commercial infrastructure to compete with other cryptocurrencies

Image by Charles Hoskinson from YouTube

Mon, 16 Mar 2020, 14:09 pm UTC

Decentralized public blockchain and cryptocurrency project Cardano is working on commercial infrastructure.

Charles Hoskinson, CEO of IOHK, the firm behind Cardano, announced in a livestream on YouTube that they are working on an official update and users can expect it in the coming months. He also guarantees things are going as expected. In fact, they are already setting aside funding for dedicated commercial infrastructure.

“Cardano commercially critical infrastructure are things that Cardano needs for it — in our view — to be competitive against other cryptocurrencies,” Hoskinson said.

Hoskinson also insisted that the development team is still on track with the update they are working on Shelley. The number of bugs reported in Shelley testnet has significantly decreased in the past three weeks. Also, the software has been increasingly stable.

Hoskinson also denied the rumors that it will delay the launch of Shelley due to coronavirus. In a post on Twitter, Hoskinson called it “fake news” and ordered the article reporting it to be taken down.

Hoskinson noted that they are not affected by the coronavirus outbreak. In fact, he spoke about his schedule in another video.

“Right now, today, in my calendar I have meetings with people in my company, living in nine different countries. We have no disruption to our business operations, and we have no disruption in the passion and excitement that we carry for the technology we build,” Hoskinson said. “None of our roadmaps or schedules are changed, and we do continue working hard every single day.”

Hoskinson is positive that the pandemic will eventually pass. “At the end of the day, long after Covid is gone, Cardano will still be here. Long after Covid is gone, our industry will still be here,” he added.

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