Charles Hoskinson the creator of Cardano cryptocurrency is known visionary and a mathematician who aims to solve world problems with the aid of modern day technology. Creating Cardano was a small step towards that goal. He often engages with his followers on social media through Twitter as well as Youtube Live Streams.
In his latest Youtube Livestream Hoskinson primarily talked about improving the infrastructure in the decentralized space so as to handle the huge demand of the community. He talked about creating an infrastructure quite similar to the current tech giants like Facebook and Google whose infrastructure is capable enough to handle services for all types of loads on their system.
Hoskinson in his pursuit of creating a similar infrastructure is working on building high-risk high-return pillars which would include proof-of-stake based system, sidechain interoperability features and a modular program which would make it easier to execute upgrades on the network.
Hoskinson also cautioned the developers about programming smart contracts as he wants these smart contracts flexible enough so that the users can write a formal specification for contracts themselves. He said,
“Smart contracts are probably the definition of code that ought to be high assurance cause you’re talking about code that will run a lot in a very hostile setting that’s concise with a well-defined business logic behind it.”
Hoskinson acknowledged the delays in the release of new features and hinted at investing in the development of Ethereum as well. He said that his developers have built the Ethereum Virtual Machine from scratch on two occasions, but moved towards creating their own Cardano ecosystem as it allowed for more freedom of innovation and decision making.
Hoskinson concluded his live stream by shedding light on one of the most ignored realities of the crypto space which is in order to create a new decentralized ecosystem, coding is not the primary requirement, since there are plenty of open source code libraries which only need to be modified and implemented. He said that the next generation of development should be focused on interoperability.