Charles Hoskinson's 'vision 2022' for Cardano: from enhancing Plutus to microfinance – AMBCrypto News

Bahrain gives Binance the green light to establish itself as crypto-asset provider
Terra’s UST becomes first decentralized stablecoin to hit $10B market cap
UAE to impose jail time, high fines on those promoting rogue cryptos and scams
Binance obtains license to offer crypto-services in Canada
Bitwise CEO thinks ‘next bull market in crypto is going to be driven by…”
Bitwise CEO thinks ‘next bull market in crypto is going to be driven by…”
Billionaire investor, Ray Dalio curious about NFTs, says Bitcoin is ‘alternative money’
Early retirement guide: A few real-life scenarios to consider for Bitcoin HODLers
NFTs, stablecoins, Bitcoin, cryptocurrencies: How it’s going, what it will be like in 2022
After PlanB’s ‘$100k Christmas’ miss, it’s clear that Bitcoin Stock-to-Flow model is…
Ethereum, SAND, Chainlink Price Analysis: 26 December
ETC Cooperative to takeover funding for Ethereum protocol provider, Core-Geth
As OpenDAO sends SOS tokens to ALL OpenSea buyers, here’s what you should know
With its downtrend weakening, investors can expect this from Ethereum
Ethereum breaches critical support, but can it sustain the move
Terra’s UST becomes first decentralized stablecoin to hit $10B market cap
DeFi boom ensues as Terra crosses $21B in TVL, second only to Ethereum, Avalanche at $12B
Shiba Inu, MANA, Bitcoin Cash Price Analysis: 26 December
Ethereum, SAND, Chainlink Price Analysis: 26 December
ETC Cooperative to takeover funding for Ethereum protocol provider, Core-Geth
ETC Cooperative to takeover funding for Ethereum protocol provider, Core-Geth
Why this programming language is a favorite with Jack Dorsey, and Polkadot
OpenSea’s new photo category – What it means for its marketplace volume
As Solana ecosystem expands, co-founders tackle VC funding criticism
Art theft an emerging issue on NFT platforms like OpenSea, is there a solution in sight
Published
on
By
The new year is right around the corner, and you know what that means. It is time to close the book on yet another year gone by. Every year, business leaders set goals for the new year. These goals are typical, or some may say,  ambitious.
Charles Hoskinson, Co-Founder and CEO of IOHK, the company responsible for building Cardanooutlined his vision and IOHK’s goals for Cardano in 2022.
Happy Christmas Eve https://t.co/HLvIh6saDF
— Charles Hoskinson (@IOHK_Charles) December 24, 2021

In a YouTube video released on Christmas Eve, Hoskinson talked about achieving end-to-end microfinance transactions on Cardano. Here’s what he wishes, first.
“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. So that a for real person in Kenya or somewhere with a blockchain-based identity and credit score, stablecoin on the other side, Cardano is the settlement rail. Peer-to-peer, person-to-person, click a button, loan goes to them. They pay it back, [it] goes to the other side.“
One thing is certainly comes across from his statements, that Africa plays a vital role in Hoskinson’s vision for the next year. This might revolutionize traditional finance.
“It’s permission-less, and you can’t shut it off once that’s happened. It opens up a thousand conversations, [like] what’s a good identity? What’s a good credit score? What other products and services should exist in the realfi (real finance) space in Africa? And how do we spread this across all of Africa? That’s the dream,” he asserted.
Moving on, he also shed light on major technical milestones as well. He said, “a formal open-source project structure is going to be formed, kind of like Hyperledger to Linux”. This would increase institutional traction. At least, that’s the dream.
“When you look at things like enhancing [Cardano’s smart contract platform] Plutus, there’s already three CIPS [Cardano improvement proposals] as a result of the work we’ve done with developers that need to come in. We have pipelining that needs to come in, input endorsers that need to come in. Peer-to-peer is currently being tested with the stake pool operators on the testnet, and there’s lots of stuff happening there.”
Overall, it’s fair to say that the said exec is bullish on Cardano’s future as he further stated, “We’re staging things appropriately, and we’re starting to see a refinement of the science of things. The adoption’s there. The community’s there. We’ve grown to about two million people.”
Now stepping back a bit. Cardano did display decent progress this year. Just recently, Hoskinson tweeted an update for the stablecoin built by COTI Network on Cardano. They are working on main contracts that will help provide oracle exchange rates, will enable users to submit multiple orders at the same time, cancel pending orders and so on. The developers are currently testing this implementation.
Glad to see Coti making great progress with Djed https://t.co/0LefQmCe0y
— Charles Hoskinson (@IOHK_Charles) December 24, 2021

Zooming out, Hoskinson talked about the roadmap for 2022 just last month. Well now, his aforementioned claims should fit in well with the set benchmarks.


Subscribe to our newsletter

Subscribe to our Newsletter

XRP, Terra, Dogecoin Price Analysis: 26 December
Binance Coin, VeChain, EOS Price Analysis: 26 December
Shubham is a full-time journalist at AMBCrypto. A Master’s graduate in Accounting and Finance, Shubham’s writings mainly focus on crypto-regulations across the United States and Europe. Also, a die-hard Chelsea fan #KTBFFH.
Analyst expects Bitcoin to cross $54,000 this year, but next year belongs to…
Why DeFi’s trillion-dollar valuation projections may be more than just that
Cardano’s Hoskinson has this to say about competition and ‘chasing hype’
Will Hydra’s second pre-release boost Cardano enough to make it to $3
Surmise of outlook 2022 for Bitcoin, crypto sector looks like this
Growing network, sloppy price – Where next for Cardano
Your email address will not be published. Required fields are marked *









Disclaimer: AMBCrypto’s content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions.

source