Charles Hoskinson Claims Cardano Is Moving Forward with Shelley After Tedious Delays

Libra Coin News
Mon, 09/02/2019 - 13:33
Alex Dovbnya
Charles Hoskinson claims that Ethereum is two years behind Cardano while providing his community with important updates 
Cover image via iohk.io
Contents

During a recent AMA, which took place at the beginning of September, IOHK CEO Charles Hoskinson revealed that the launch of the Shelley testnet is slated for the middle of September. The team of developers will also roll out the next update to its Plutus programming language during the same month.

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A huge month for Cardano

Cardano, a third-generation Blockchain project, has managed to generate a lot of hype around Shelley. However, developers failed to move forward with the much-anticipated upgrade, which dampened the level of enthusiasm within the community. Disgruntled investors were dissatisfied with this lack of clarity.

The numerous Shelley delays took a toll on the ADA price, but the 12th biggest cryptocurrency by market capitalization might finally have a chance to Shine with a flurry of new developments.

Ouroboros Hydra

This month, Cardano will also complete the development of the Ouroboros protocol with the introduction of Ouroboros Hydra, which will allow sharding and global scaling.

The completion of Ouroboros stands to be a major step forward in solving the proof-of-stake problem in computer science,” Hoskinson states.

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Outpacing Ethereum

Hoskinson also pointed out that Ethereum has to develop many protocols to catch up with Cardano’s progress.

Ethereum is actually two years behind Cardano given the fact that they have to invent many of the protocols which Cardano has already developed.”

However, given that interoperability is the lynchpin of Cardano, he emphasizes that they will interact with all Blockchain projects, including Ethereum.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.


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