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HomeCryptocurrencyCharles Hoskinson Highlights Importance of Wallet Certification to Cardano

Charles Hoskinson Highlights Importance of Wallet Certification to Cardano

Charles Hoskinson, the CEO of Input Output Global (IOG), has highlighted the importance of wallet certification to Cardano as the ecosystem continues to push for advancement.

In a tweet on the 30th of September, Hoskinson stated that the best part of wallet certification standards is that it will give a goal for catalyst funding. This, he said, will enable ADA holders to give grants to their favorite wallets to upgrade to a certified status to boost security, reliability, and performance.

Read Also: Charles Hoskinson: There’s No Going Back on Cardano Vasil Upgrade

Hoskinson believes that every member of the Cardano community will end up benefitting from the initiative.

Charles Hoskinson tweeted, “The best part of wallet certification standards is that it will give a goal for catalyst funding. Ada holders can give grants to their favorite wallets to upgrade to a certified status to improve security, reliability, and performance. It’s a win/win for everyone.”

As expected, not all Cardano community members agreed with Hoskinson on this initiative. A supposed Cardano enthusiast, who reacted to the tweet said it will be better to focus on a good one since there are too many ADA wallets already.

In response to the user’s concern, Cardano creator said it’s good to have competition because it makes an ecosystem gets stronger.

Read Also: Charles Hoskinson: Cardano Is Changing the World, Our Best Days Are Ahead Of Us

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Meanwhile, the purpose of the newly proposed certification has been discussed in a recent video shared with the Cardano community. The idea is based on having certification standards to create the notion of certified wallets versus non-certified wallets.

In the video, Cardano founder was quoted as saying, “We hope to get rid of the notion of an official wallet altogether and instead have a certified wallet versus non-certified, and under the certification standards, you can put functional and non-functional requirements, including benchmarking and performance requirements for user experience.”


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Solomon Odunayo
Solomon Odunayo
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
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