In Brief:
- Charles Hoskinson, the founder of Cardano and IOG, disclosed some of the 2022 plans in a Christmas Eve talk.
- One of them includes getting an end-to-end ‘microfinance transaction’ on Cardano.
- Charles revealed that Cardano Improvement Proposals are also expected in the coming year.
On Christmas Eve, Charles Hoskinson, the founder of Cardano and Input-Output Global (IOG), disclosed some of the 2022 plans in a 30-minute talk.
Elaborating on some of the releases, Hoskinson included the plan of getting an end-to-end ‘microfinance transaction’ on Cardano. The Cardano founder further disclosed that a structure like Hyperledger to Linux that organizes the creation of decentralized products on the network is also expected to be introduced in the next year.
“A formal open-source project structure is going to be formed, kind of like Hyperledger to Linux,” Hoskinson said.
One of the other projects that is slated to release in 2022, is Cardano Improvement Proposals which is a set of community-governed network enhancements. Also, human-readable information for assets issued on Cardano and a native web wallet for interacting with DeFi protocols is also something that the Cardano team is working on.
Charles said that almost 15 companies are working on Cardano right now across the world. He added, “We need to make that hundreds, and then eventually thousands. We need institutions like universities and nation-states to actively cooperate and collaborate and have a stake in the success of this project”.
Moreover, Hoskinson explained that a recent testnet rollout would also help improve the network. “Peer-to-peer is currently being tested with the stake pool operators on the testnet, and there’s lots of stuff happening there.”
He also revealed his plans to build a financial operating system for DeFi services in Africa.
Cardano is the sixth-largest cryptocurrency with a market capitalization of over $46 billion at the time of this writing. In November, Hoskinson had revealed his thoughts on Hydra calling it a necessity and citing the “enormous” traffic on Cardano.
