Copy link
Increase text size
Decrease text size
Link copied

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.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,489.89 (-1.88%)
  • Ethereum (ETH) $234.54 (-3.36%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $241.95 (-3.31%)
  • Bitcoin SV (BSV) $194.33 (-3.23%)
  • Bitcoin (BTC) $9,489.89 (-1.88%)
Feb 21, 2020 (Friday)
12:01
Paxos launches blockchain-based securities settlement solution with Credit Suisse and Instinet
12:00
Brazil to launch new payment system in response to cryptocurrencies
11:59
Digital currency exchange Coinbase Pro lists Kyber Network token
11:57
Norwegian Air to soon start accepting crypto payments
10:21
Swedish central bank begins CBDC pilot with Accenture
09:51
Italian soccer team Juventus launches ethereum-based digital collectibles with Sorare
Feb 20, 2020 (Thursday)
14:16
Telecom companies complete cross-carrier mobile payments using blockchain
11:53
National Stock Exchange of Australia to develop DLT-based digital securities trading platform
11:00
South Korean ICO project discontinued, to return $7.5M to token holders
10:36
Samsung maintains crypto support in soon-to-launch Galaxy S20
09:41
BIS appoints Innovation Hub heads to lead Singapore and Switzerland
09:15
Coinbase becomes first crypto company to receive Visa principal membership
08:59
Dubai Economy and six banks launch KYC Blockchain Consortium
08:26
Crypto Technicals: ETH/USD under downside pressure after 'Bearish Engulfing' pattern
07:12
Tim Draper buys $1M worth of Aragon Tokens to create digital courts for DAOs
06:13
Renewable energy firm Acciona commits to take CBI’s blockchain-based carbon credits trading platform global
05:02
Crypto Technicals: BTC/USD trades below 21-EMA, break below 4H 200 MA (9386) to trigger further downside
04:56
Crypto exchange Coinfloor to launch a simplified bitcoin buying service
04:35
Indonesia’s customs department joins IBM- Maersk blockchain shipping platform “TradeLens”
Feb 19, 2020 (Wednesday)
12:46
Crypto custodian BitGo acquires digital securities startup Harbor
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft