latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

Cardano Creator Charles Hoskinson Outlines Plan to Create Financial Operating System Through Crypto Asset ADA

Cardano Creator Charles Hoskinson Outlines Plan to Create Financial Operating System Through Crypto Asset ADA

Charles Hoskinson, the founder of Cardano, says the decentralized cryptocurrency project’s end goal is to provide a secure framework that offers people full-fledged economic identities.
In a new interview with Slot Leader , Hoskinson refers to Cardano (ADA) as a “financial operating system” that can adopt new services and scale seamlessly to account for any influx of new users.
“The general idea is that the system should be an end-to-end stack for economic identity. So what that means is that if some person in Senegal, or some person in Rwanda, or wherever, enters the system, they should be able to have some place to place their data and their identity, to build a reputation. They should have some way of getting credit. They should have some way of interfacing with a currency that’s reasonably stable, that they can send to anybody in the world. They should have the ability to interface with exchanges. If they have a business, they should have the ability to securitize that business, so they have banking services, insurance services, credit services, remittance services.”
Earlier this month, IOHK, the technology company behind Cardano, announced the formation of a public $250,000 fund to encourage developers to build decentralized applications (DApps) for the Cardano blockchain. The fund is in service of the Cardano blockchain’s upcoming “ Voltaire ” phase, which will introduce voting and treasury systems. Those systems will allow the Cardano community to decide on software updates, project funding and technical improvements.

The Voltaire phase will also add another element to Cardano’s vision of a complete economic identity, Hoskinson explains.
“This is kind of the vision of it, is that it’s a one-stop shop, and then once you’re in it, you don’t have to leave it, and it’ll do more and more and more of your financial life and your economic life, and it gives you identity, identity that a government can’t take from you. Identity that’s not revocable. Identity that you can’t lose.”
Hoskinson, who serves as the chief executive of IOHK, also provides a rundown of future areas for the project.
“We’re looking at things like supply-chain systems, so we can track and trace agricultural goods. We’re looking at voting systems.  We’re looking at credential management systems. [In] the country of Georgia, we have a deal we’ve done where 50,000 students a year will be onboarded into PRISM, which is a component of Cardano’s stack, so you can authenticate if they have college degrees or not. We’re also looking at financial applications as well. There are a whole bunch of DeFi things that are going to come, like stablecoins, oracles and DEXs – the usual suspects that we see from the Ethereum space.”
Check Latest News Headlines

.dh_responsive {
padding: 0px 20px 0px 20px;
@media (max-width: 980px) {
.dh_responsive {
padding: 0px;

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1597129173244-0'); });

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Pasuwan
The post Cardano Creator Charles Hoskinson Outlines Plan to Create Financial Operating System Through Crypto Asset ADA appeared first on The Daily Hodl . shares this Contents always with License.

Thank you for Share!



Cool to know huh? Read the full Article

Cool huh? Please read the full Article: Cardano Creator Charles Hoskinson Outlines Plan to Create Financial Operating System Through Crypto Asset ADA

Search about Crypto News


The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


Today Most Popular News