Saturday, January 22, 2022

Charles Hoskinson: Cardano is Patent-Free, Open-Source, and Solving Hard Problems

Charles Hoskinson, the CEO of IOG, who created Cardano (ADA), has recently discussed the development of decentralized applications (Dapps) as the software firm aims to create a suitable environment for decentralized finance (DeFi) on Cardano in 2022.

In a YouTube live session on 2nd January 2022, Hoskinson stated that the team of developers at IOG will be working hard over the six to nine months to build the decentralized finance ecosystem.

Read Also: Cardano Founder Is Passionate about Fixing Decentralized Finance (DeFi) Sector

Charles Hoskinson noted:

“Cardano is our attempt as a community to try to reflect, evolve, and push it along and there’s a little bit of sprinkled magic and scalability and a lot of discussion about interoperability and identity and a lot of work done on governance.”

Cardano Is Patent-Free, Open Source, Solving Hard Problems

Cardano founder also spoke on the reason why Cardano was number 1 based on Github commit in 2021. He said the record wasn’t a fluke, but well deserved considering the lots of Cardano developers’ input in 2021.

Read Also: Cardano Advancement: IOG Is Building Light Wallet for Browsers and Mobile Phones with In-Built Dapp Store

Hoskinson pointed out that Cardano developers have been building to benefit everyone. And Cardano is outstanding because it’s open-source, patent-free, and solving the hard problems:

“There’s a reason we’re number one in Github commits. It’s not that some persons sitting in a warehouse somewhere just randomly clicking a button it’s because there are so many people, so much stuff, so much effort that’s going on…

“The work we do is beneficial to everyone, it’s patent-free, it’s open-source and we as a community are solving the hard problems.”

Read Also: Charles Hoskinson Shares the Development update Of Djed as the Cardano-Based Stablecoin Closer to Launch

Speaking about Cardano’s building approach compared to others, the IOG boss said:

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“At times you have to redo things, and at times you have to abandon approaches and change them and have the intellectual honesty to know when you’re wrong and why you’re wrong, and at least that’s documented, so people, in the future, don’t make the same mistakes.” 

It was earlier reported that Cardano (ADA), the largest proof of stake (PoS) blockchain, emerged as the most developed crypto on Github in 2021.


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Solomon Odunayo
Solomon Odunayo is a cryptocurrency journalist with over 3 years of experience in the crypto industry. He's sternly interested in covering developments of emerging and established blockchain projects.

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