Charles Hoskinson Reveals Bigger Plans for Cardano in 2022

Charles Hoskinson Reveals Bigger Plans for Cardano in 2022

Cardano has big plans for 2022, according to the roadmap laid out by its CEO, Charles Hoskinson, in an educational vlog on Twitter.

Cardano has big Plans for This Year

According to him, the primary goal for the blockchain this year is to improve smart contract capabilities on Cardano. After its Alonzo upgrade last year, the blockchain has become capable of supporting smart contracts, but Hoskinson believes it can do better.

This will be possible with an extended UTXO model, which will position Cardano in a middle ground between EVM and Bitcoin smart contracts.

Hoskinson explained the difference between Bitcoin smart contracts and Ethereum smart contracts in the educational vlog, stating that Bitcoin and EVM are far apart.

With eUTXO, Cardano intends to create smart contract capabilities that eliminate EVM features unnecessary for DeFi and decentralized applications. By doing this, Cardano’s smart contract model will be a basic functional model.

This plan is in line with the past developments on Cardano which has most of its coding for the blockchain in Haskell. Haskell is a programming language chosen by its parent company, Input-Output Global, which prefers using functional languages as they’re more resistant to human error and ambiguity and can be easily verified mathematically.

Hoskinson mentioned that the deployment of eUTXO “must be done by October” and the process will be in three hard forks scheduled for February, June, and October. The company already has 100 engineers working on the project.

With the scientific part of the project already done according to Hoskinson, only the coding remains and the company is working with 15 external companies to provide the code.

Cardano Eyes Africa in Expansion Plans

In another YouTube video streamed on Christmas Eve, Hoskinson talked about the achievement of Cardano, saying the network has “grown to about two million people.” He further mentioned that part of its plan for 2022 is to have a “formal open-source project structure is going to be formed, kind of like Hyperledger to Linux.”

Furthermore, he discussed the plans that the blockchain has for African nations stating that, “My goal for the second half of 2022 is to figure out how to put all the pieces together to get an end-to-end microfinance transaction on Cardano so that a real person in Kenya or somewhere with a blockchain-based identity and credit score, stablecoin on the other side, Cardano is the settlement rail.”


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