Cardano’s EUTXO-based design has made it difficult for developers to build scalable decentralized applications on the protocol due to this issue. In simple terms, concurrency refers to the ability for multiple different agents to interact with the same smart contract at the same time. However, Minswap, the first decentralized exchange to launch on the network, faced immediate scaling troubles due to a so-called concurrency issue. Concerning the expansion of decentralized applications (dApps) on the network, however, Hoskinson said, “we have yet to see significant traction there.” He claimed that this was due to the delayed release of the Goguen update, which introduced smart contracts to the network.Ĭardano introduced smart contract functionality on the mainnet with the Alonzo hard fork on Sep. “There was a tweet from 2020 where I said, ‘I predict by next year we’ll have thousands of dApps and hundreds of assets on Cardano,’ and I got it wrong in both directions,” said Hoskinson.Īccording to him, instead of hundreds, there are now over two million assets issued on the Cardano network, the majority of which are reportedly NFTs. In a 30-minute Christmas Eve talk on YouTube, Cardano founder Charles Hoskinson reflected on the present state of the industry, the Cardano network, and some of the project’s plans for next year. Charles Hoskinson Reveals Cardano’s Plans for 2022Ĭharles Hoskinson has shared Cardano’s plans for 2022. On Christmas Eve, Cardano founder Charles Hoskinson posted a 30-minute Youtube video where he reviewed some of Cardano’s greatest achievements for 2021 and shared some of its biggest plans for next year.
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