Cardano News Cryptocurrency Editor's Picks

Charles Hoskinson Highlights Importance of Partnerchains on Cardano and Addresses Speculation

Charles Hoskinson Highlights Importance of Partnerchains on Cardano and Addresses Speculation

TL;DR

  • Charles Hoskinson addresses concerns and speculation surrounding the Cardano blockchain.
  • Highlights the importance of “partnerchains” in the Cardano ecosystem.
  • Hoskinson highlights the partnership with World Mobile and the focus on creating an interconnected and resilient digital ecosystem.

Charles Hoskinson, founder of Cardano (ADA), has addressed a message to the blockchain community in response to the concerns and speculation that have surrounded the Layer 1 platform.

In his recent post on social media platform X, Hoskinson addressed several crucial points.

First of all, he highlighted the importance of “partnerchains” within the Cardano ecosystem.

These chains operate alongside Cardano, each with their own protocols and rules, contributing to the overall strength and adaptability of the network.

Hoskinson also highlighted the partnership between Cardano and World Mobile, first announced in April 2021.

This partnership aims to build a global-scale protocol for complex hardware, licensed spectrum, and protection against quantum computing.

Charles recognized the unique challenges of projects like World Mobile and stressed the need for innovative solutions.

Cardano’s roadmap focuses on identity, “partnerchains and a unique programming model involving EUTXO (Extended UTXO).

This approach aims to create a more interconnected and resilient digital ecosystem.

Charles Hoskinson Highlights Importance of Partnerchains on Cardano and Addresses Speculation

Hoskinson also addressed concerns about “ partnerchains ” not being directly part of Cardano

He explained that complex projects like World Mobile require unique protocols and that Cardano supports such initiatives.

As for future plans, Hoskinson noted that Cardano aims to support dozens of chains to power true Web3 applications.

Moreover, Charles elaborated on the timeline for governance implementation within the Cardano ecosystem, indicating that the framework is set to be established by 2023, with the ensuing effects and outcomes anticipated to manifest during the subsequent year, in 2024.

Hoskinson reassured the community about Cardano’s vision, its partnership with projects like World Mobile, and its commitment to building a strong ecosystem through partnerchains and innovative solutions.

Related posts

Smart Contracts, Everything You Need to Know

mehdi

Crypto Lender Hodlnaut Files for Creditor Protection in Singapore

Joseph Alalade

Coinbase Holds More Than $11 Billion of Bitcoin

ibrahim