Wednesday, May 5, 2021

Cardano (ADA) Sees Huge Spike in Developer Interest As Smart Contracts Era Draws Near

As a report has it, there has been a huge increase in developer interest as the Cardano ecosystem gets ready to welcome smart contracts.

This new development was shared a few hours ago by Tim Harrison, the Marketing & Communications Director at Input Output Global (IOG), via his official Twitter handle.

Read Also: Cardano Venture Fund (cFund) Invests In COTI in Preparation for Smart Contract Implementation

According to Harrison, due to this spike in developer interest, IOG, the firm behind the development of Cardano (ADA), has decided to build a new dedicated team that will help serve the fast-growing community.

Tim Harrison tweeted, “WE’RE HIRING! As we draw ever closer to rolling out Smart Contracts on Cardano, we’re seeing a HUGE spike in developer interest. Exciting times. So we’re building a new dedicated team to help properly serve this fast-growing community & help bring them on board.

Read Also: Here Is Why Charles Hoskinson Says the New Version of Cardano Node Is Pretty Significant

“Got dev rel or technical sales experience? Blockchain/crypto fan? Cardano community member? Strong customer mindset? Want to help build awesome things? Check out this page to learn more and apply TODAY!”

Charles Hoskinson Sees Ethereum Developers and Users Flocking To Cardano

A few days ago, in an interview on Cardano Chat, the CEO of IOG, Charles Hoskinson, stated that Ethereum developers and users will flock to Cardano in numbers to leverage the considerably lower transaction fees on the network.

Hoskinson also said that the emerging smart contract platform will host billions of dollars worth of products, which will prompt many Ethereum developers and users to port to Cardano.

Read Also: Hoskinson Shares Image of an Ethiopian Bird. Has The Minister Signed The Cardano-Ethiopia Deal?

According to the Cardano creator, once smart contracts implementation plays out on the Cardano blockchain as scheduled, the network will mature into a global infrastructure for peer-to-peer (P2P) lending that could help millions of unbanked people to gain access to the financial market.

Charles Hoskinson noted:

“That one thing alone, if we can solve it, will result in tens of billions, if not hundreds of billions of dollars leaving the developing world and enriching the lives of millions, if not tens of millions of people…

What I’m going to start doing, above and beyond making Cardano more competitive… is really start getting serious about things like peer-to-peer lending, and reputation and identity and insurance and payments and so forth, because if I do that I’m going to change the lives of a billion people.”

Read Also: Top Trader States Why Cardano Is Not Overvalued, Predicts Over $10 ADA Price by the End Of 2021

Speaking about Ethereum developers and users flocking to Cardano, Hoskinson said:

None of these protocols are loyal to Ethereum, they’re just there because they have a first-mover advantage, but the minute that the infrastructure wakes up a little bit it’s going to be a lot easier to have a mass exodus. And that’s probably what’s going to occur because why else would they want to stay if they have to pay $50 fees or $70 fees?”

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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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