Cardano: This will likely be a “excessive precedence” for Hoskinson going ahead – AMBCrypto Information
The Cardano community welcomed the Goguen era some time ago, and according to the project’s founder, Charles Hoskinson, everything is staying on schedule. The IOHK CEO stated in his latest video that the work on Alonzo’s update is “going smoothly” and the community will receive an update on it shortly. With Alonzo looming, this is a crucial time for the community, especially as it is expected to bring smart contract functionality into the Cardano ecosystem.
Additionally, according to some, the recent updates have further bolstered the arguments of those who see it as an alternative to Ethereum. This was the expectation highlighted by the foundation recently, with Hoskinson recently outlining Alonzo’s progress by commenting:
“The application backend integration is going according to plan, the wallet backend integration is going according to plan … Now we are in the white era and at the moment we are in the process of involving people en masse and bringing out the new node version 1.2.8, which is coming soon. ”
The Alonzo update takes place in phases and with its introduction. The team recently completed the blue era and moved into the white era. These sub-stages of the start are followed by a mainnet start in the Cardano network in September. However, according to Hoskinson, his priority will be getting Cardano into the browser.
This won’t be as easy as it seems, the Exec quickly warned. While talking about Mithril, Cardano’s light client protocol, the CEO noted that it enables complete security to ensure customers and fast bootstrapping – with the ability to generate certificates for each Epic and at the same time the possibility of parallel validation the epics is made possible.
While these features can be added with little effort, Hoskinson argued that a new crypto primitive is needed. Finding the same would be a high priority as it would spur growth for Cardano, he added.
“Bringing Cardano to the browser and making sure this is a great experience … getting Cardano on the phone and typing the ecosystem on the phone is a high priority. On our way towards Goguen, it is very important that we also have a strategy to ensure that the lightweight customer experience arrives where it belongs. “
While the road to the Alonzo hard fork seems to be on the right track, ADA’s price moves have not been overwhelming lately, especially when it comes to its ATHs earlier in the year. With crypto ranks fifth on the CMC charts with a market capitalization of $ 36.28 billion at the time of going to press, only time will tell whether these ecosystem-centric developments will trigger another price spike on the charts.