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HomeCrypto NewsMarketCardano CEO: May Will Be A Big Month For Us As We Are Now Leading The PoS World

Cardano CEO: May Will Be A Big Month For Us As We Are Now Leading The PoS World

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Last few months of Cardano included Updates, upgrades, improvements and implementations. Cardano seem to be pretty much sticking to their roadmap.


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Charles Hoskinson, CEO of IOHK, spoke about Cardano’s plans in the coming days in his latest video.

He said,

“May is a big month for us. We went through a huge amount of internal testing.”

Plutus pioneers are currently training more than 1,500 people to deploy code on a test network.

Hoskinson said:

“The integration of Plutus with Node is going very wel. The teams are working well. We are where we need to be.”

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Mithril and the new Hydra prototype are expected to be unveiled by the end of this month. Mithril is Cardano’s lightweight client protocol, and Hoskinson stressed that it was a “high priority” for him. Light clients are usually upgraded to a full node.

Hoskinson added:

“You can get a pooled data stream from the state pool operators, or you can have a central server, or you can improve the crypto a little bit and use much more sophisticated cryptographic primitives.”

The IOHK CEO also drew attention to a $1.5 million budget to increase the scale of prototyping for his Omega team. According to the roadmap, the main goal of the Omega version is to achieve a speed of one thousand transfers per second. This will create a scalable ecosystem on the network and protect it from 51% attacks.

Hoskinson exclaimed:

“We are now leading the PoS world. I think we are the most advanced of all PoS protocols.”

Hoskinson also said that Cardano will expand its research commitments. In the near future, they will probably invest about $9 million in the creation of specialized labs.

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Ammara
Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency reporter and trader with vast experience in the industry. Mubin has written several news stories related to the crypto industry, including non-fungible tokens (NFTs), decentralized finance (DeFi), fundraising, mining, etc. Her major focus is covering regulatory events that are capable of shaping the entire crypto ecosystem.

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