Charles Hoskinson on Cardano’s Smart Contract: “We’ll be there in the next 90 days”
AI Trading

Charles Hoskinson, the CEO of IOG, who created Cardano (ADA), has boldly stated that the blockchain project will attain the much-anticipated level in the next 90 days, which can simply be termed as when smart contract functionality should be expected on the Cardano network.

Hoskinson made this promise on Lex Fridman Podcast recorded a few days ago and published on 16th June 2021.

Read Also: Cardano Foundation Withdraws Delegation from a Stake Pool Following Exploitative Fee Change

Charles Hoskinson categorically promised that “We’ll be there in the next 90 days.”

AI Trading

This is about Alonzo hard fork in timeline terms rather than in deadline terms, which is still better than it was in the past. This implies that smart contracts should be expected on the Cardano network by September.

During the interview with Lex Fridman, Hoskinson stated that Alonzo hard fork will add programmability that is currently lacking on-chain:

“Right now, we are multi-asset so, you can do meta-data and issue tokens on Cardano. But, you’d have limited programmability on-chain. Alonzo adds that programmability. We already have most of the foundations of the extended UTXO model ready.”

Read Also: World Mobile Is Raising $40M in Cardano-Based Token Sale to Connect African Online

According to the mathematician, while the testing phase is still ongoing and will continue for the next couple of days as the Cardano ecosystem transition from AlonzoBlue to AlonzoWhite to AlonzoPurple, the success recorded in the AlonzoBlue is an indication that the much-awaited hard fork is still in line with the roadmap.

Speaking about the likely problem the project is currently dealing with, he said the problem could not be everything under himself and his company’s control, since there are over 100 exchanges that have listed Cardano (ADA), including lots of wallet infrastructures, and different constituencies. So, he pointed out that it’s more of a coordination problem rather than a technological problem.

Read Also: Charles Hoskinson: Ethereum Is Actually Killing Itself, Cardano Is Leading the Fight

Conclusively, citing how the co-founder of Ethereum (ETH), Vitalik Buterin, was unfairly blamed for the hack of the decentralized autonomous organization (DAO), he expressed worries about being targeted for the fault of applications built on the Cardano blockchain.

Follow us on Twitter, Facebook, Telegram, and Download Our Android App

AI Trading produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.