Cardano Poised To Hit Crucial Milestones in 2021, Says Creator Charles Hoskinson


Input Output Hong Kong (IOHK) CEO Charles Hoskinson says Cardano is gearing up to accomplish massive goals that they set all the way back in 2016.

In a new interview with Forbes, Hoskinson shares the recent developments in Cardano (ADA) that suggest the smart contract platform will hit major milestones this year.

“2021 is kind of our overflow year, where we’re pulling together and turning on all the things we dreamed of over the last five years. That includes things like our governance stack, smart contracts, our metadata standard, token issuance, full decentralization. We’ve hit almost all our goals: we’ve done metadata, we now have a native token. There are more than 10,000 tokens issued on Cardano in just a month, which is mind-blowing.”

He also enumerates things laid out for Cardano in the coming months, including the rollout of the Alonzo testnet, which will bring smart contract functionality to the blockchain. He says the plan is to eventually create the best commercial product.

“In the next few months, we are turning on smart contracts. The last mile from there – we will be turning on all the governance components… 

Once those things are turned on, commercialization of the platform is already underway.”

Hoskinson also comments on Cardano’s current endeavors, including projects that seek to rival Ethereum’s ecosystem.

“We’re getting nation-states to do cool things and we’re bringing millions of users in through that push model. We’re also doing decentralized finance, non-fungible token marketplaces – all the usual suspects that you see in the Ethereum lab.”

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Featured Image: Shutterstock/Mia Stendal





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