Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Editorial Policy
    • Submit Press Release
  • Disclaimer
  • Blockchain
  • Cryptocurrency
  • News

Charles Hoskinson to Daniel Larimer: Smart Contracts and Native Assets Are Coming On Cardano in 2020

Solomon Odunayo August 2, 2020 2 min read
Charles Hoskinson to Daniel Larimer: Smart Contracts and Native Assets Are Coming On Cardano in 2020

The CEO of IOHK, Charles Hoskinson has recently set the record straight by stating that the Cardano network will welcome smart contracts and native assets in 2020.


trade now

This came in response to the criticism directed at Cardano (ADA) by Daniel Larimer, the CTO of the team behind the development of the EOS.IO (EOS) blockchain, Block.one.

A thread of tweets emerged on 1st August, where Hoskinson was tasked to prove and defend the utilities embedded in Cardano. A lot of crypto community members also weighed in with various opinions.

The software programmer and cryptocurrency entrepreneur, Daniel Larimer, also weighed in but with a totally contrary opinion to the general belief that surrounds the Cardano project. According to his claim, Cardano (ADA) has no use case other than being a currency.

“Your protocol doesn’t work for applications other than currency, the confirmation latency is too long for most of defi and completely unsuitable for most use cases,” claimed Daniel Larimer.

Smart Contracts and Native Assets Are Coming On Cardano This Year

In response to Daniel Larimer’s criticism, the co-founder of Cardano, Charles Hoskinson assured him and other critics that the Cardano network will welcome smart contracts and native assets in 2020.

“Smart contracts and Native assets are coming this year, our latency is lower than ethereum’s- the dominant DeFi platform (hydra brings it to subsecond) to quote satoshi: I’m sorry, I dont have the time to explain it to you.” Charles Hoskinson responded.

Smart contracts and Native assets are coming this year, our latency is lower than ethereum's- the dominant DeFi platform (hydra brings it to subsecond) to quote satoshi: I'm sorry, I dont have the time to explain it to you. https://t.co/aej1MS06cz

— Charles Hoskinson (@IOHK_Charles) August 2, 2020

Number of Registered Stake pools Increases on a Daily Basis

Shelley mainnet was officially launched on 29th July 2020 after a successful hard fork that represents the realization of a fully decentralized Cardano network.

Since this accomplishment, there has been a daily increase in the number of registered stake pools. Charles Hoskinson made this known in a short video update on 1st August 2020.

According to Hoskinson, despite an extremely busy week, developments are going as planned and 400 registered stake pools have been recorded since the official launch of Shelley. However, the number of registered stake pools is expected to have grown far beyond the 400 mentioned.

In the brief update, Hoskinson added that several performance updates will follow in August for further improvement of the network performance.

Trade Now

Continue Reading

Previous: XRPL Labs Announces When First Non-Beta Version of XRP-Focused Banking App XUMM Will Launch
Next: Why Bitcoin (BTC) Experienced a Huge Price Dump from $12,000 in a Hurry

Related Stories

Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World
3 min read
  • Metaverse
  • News
  • Press Release

Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World

May 26, 2022
UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer
2 min read
  • Altcoins
  • Crypto Trading
  • Cryptocurrency
  • News
  • Terra (LUNA)

UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer

May 26, 2022
ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase
2 min read
  • Blockchain
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Price Analysis

ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase

May 25, 2022

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$29,553.00
-0.75%
ethereum
Ethereum (ETH)
$1,831.80
-6.79%
tether
Tether (USDT)
$1.00
0.18%
usd-coin
USD Coin (USDC)
$1.00
0.11%
binancecoin
BNB (BNB)
$311.95
-5.01%
ripple
XRP (XRP)
$0.397677
-2.38%
Binance USD
Binance USD (BUSD)
$1.00
0.31%
cardano
Cardano (ADA)
$0.486347
-5.96%
dogecoin
Dogecoin (DOGE)
$0.079478
-5.63%
polkadot
Polkadot (DOT)
$9.31
-6.67%

Recent Posts

  • Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World
  • UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer
  • ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase
  • CharterPrime Review – Is CharterPrime Scam or a Proper Broker?
  • Do Kwon Intends To Make Terra Classic By Forking LUNA Blockchain
  • Grayscale Is Planning On Listing Its First European Exchange Traded Fund
  • Celsius Is Planning On Taking Its Crypto Mining Business Public
  • Terra Team May Not Redeem Promised Refunds, Especially For Smallholders – Whistleblower
  • Coinbase Adds BNB Chain And Avalanche To Token Swap Service
  • Richardson Lewis Review – Is Richardson Lewis Scam or a Proper Broker?
  • PancakeSwap Guide 2022 – Everything You Need To Know About This DEX
  • Polkadot-based Smart Contract, T3rn Deploys Latest Testnet
  • Uruguayan Authorities Launch Campaign Against Crypto Scams
  • GameStop Announces The Launch Of A Crypto Wallet
  • Litecoin To Be Delisted Out Of Major Crypto Exchanges

Disclaimer

This website may have financial affiliations with some (not all) of the brands and companies mentioned on this website. Information found on Herald Sheets represents those of writers quoted. It does not represent the opinions of Herald Sheets on whether to buy, sell, or hold any investment assets. Investors must do their own research before investing their money and only do so at their own risk.

Categories

You may have missed

Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World
3 min read
  • Metaverse
  • News
  • Press Release

Metaverse Real Estate Sells For A Record $5,000,000 inside TCG World

May 26, 2022
UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer
2 min read
  • Altcoins
  • Crypto Trading
  • Cryptocurrency
  • News
  • Terra (LUNA)

UST And LUNA Trading Volumes Soar As Terra 2.0 Airdrop Draws Closer

May 26, 2022
ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase
2 min read
  • Blockchain
  • Cryptocurrency
  • Ethereum (ETH)
  • News
  • Price Analysis

ETH Gas Fee Hits Lowest Levels Since July 2021; Ethereum On Accumulation Phase

May 25, 2022
CharterPrime Review – Is CharterPrime Scam or a Proper Broker?
3 min read
  • Cryptocurrency Brokers News and Reviews

CharterPrime Review – Is CharterPrime Scam or a Proper Broker?

May 25, 2022
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%