Charles Hoskinson, the founder of Cardano blockchain, stated in a podcast that Cardano (ADA) is similar to Bitcoin in the way that it is a truly decentralized protocol, meaning that nobody owns or controls it. He emphasised that the development team, Input-Output Global, has no mandate to create a growth hacking group, as no money or desires for that role have been given to them. The Cardano community have the opportunity to vote for a design that would allow for such development. The Cardano utility token, ADA has seen a 10% increase in the last week, putting its value at $0.4346.

ADA has been making positive strides in the crypto domain with Cardano partnering up with leading stakeholders in the industry. This includes the University of Wyoming, a Cardano app development partnership with The Technological University of Albania and a Cardano specific cryptocurrency exchange. To further these advancements, Cardano has many use cases and PoS staking plans in the work, incentivising ADA holders to financially benefit from the blockchain network.

With its principles sitting on a decentralised platform and a keen focus on scientific and industrial approach and research, Cardano is a project that stands with true integrity. The addition of smart contract technology in the network’s platform is further revolutionising the cryptocurrency space. With this technology, transactions are faster, and the risk of hacking is reduced as the contracts are self-executing.

It is evident that Cardano is a blockchain network with the potential to propel the entire decentralized economy. The network has recently been gaining substantial traction in the industry and is slowly becoming a well-recognised cryptocurrency platform. The development of resources to optimise the usage of Cardano, an increase in its market presence, together with its dedication to strong principles, puts this blockchain project in a fantastic position to further revolutionize the industry.



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