News

Cardano has recently been in the news for all of the right reasons recently. The project just successfully launched the Alonzo Hard Fork Combinator (HFC) on Sunday and with it comes smart contracts capability for the network. Enabling a whole new world of decentralized finance to be built on the network. This has been founder Charles Hoskinson’s dream for the four years it has taken to get here.

The founder took to Twitter to celebrate this monumental feat, which he referred to as the new era of Cardano. “Tomorrow is the big day! We are entering a new Era of Cardano,” the tweet read. The community engaged with Hoskinson on Twitter following his tweet. The replies sported both support and questions from inquiring community.

Related Reading | Cardano Network Upgrade And Hard Fork Gets Support From Binance

Removing The Need For CEOs And Presidents

Responding to an overly optimistic reply from a supporter, Hoskinson made a surprising revelation. The tweet had congratulated the founder for the Cardano upgrade, but referred to Hoskinson as “future POTUS 2032.” Hoskinson then responded saying that he had no desire to be president since he had no taste for politics. Going on to add that the point of his career was actually to remove the need for presidents and CEOs.

Related Reading | Cardano Successfully Deploys Alonzo HFC, But Why Is Price Down?

It’s not exactly clear how Hoskinson plans to completely eliminate the need for presidents and CEOs but the statement has been well-received by community-backers, who have gone on to hail the founder as a true leader.

Cardano Ready For The Future

Smart contracts are now finally a reality on the Cardano network. Developers who have worked tirelessly for the past four years on the project have finally gotten to the finish line. As the entire team celebrates the finish line of one project, it ushers in the start of another. With smart contracts functioning as intended and developers getting ready to launch their decentralized applications (DApps) on the network, the team behind Cardano prepares to take on an even bigger project.

Related Reading | New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course

The topmost priority now is to maintain security for the project with all of the new development happening on the network. This includes making sure that the ecosystem is safe enough for users to trade on. While also maintaining a developer-friendly environment for devs to build upon.

Cardano also boasts a robust NFT ecosystem, with over 780,000 tokens already minted to date and more than 19,000 policies. The HFC launch readies Cardano to go head to head with other leading decentralized finance platforms.

Cardano (ADA) price chart from TradingView.com

ADA price trending in the $2.3 range | Source: ADAUSD on TradingView.com
Featured image from The Daily Hodl, chart from TradingView.com

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