Charles Hoskinson Claims Shelley, Gauguin and RENA Protocol Would Enhance the Cardano Ecosystem

    • Charles Hoskinson discussed recent updates to the Cardano protocol.
    • He also talked about the proof-of-work consensus algorithm.

    Charles Hoskinson the founder of Cardano blockchain is known for his entrepreneurial mind as well as mathematical skills. He often engages with his followers through social media and live streams. In a recent video, he was seen talking about the RENA protocol and its influence on the crypto space. He also talked about the pre-existing protocols like proof-of-work and how it would shape from now onwards.

    “A Roadmap is Like A Living Document”

    Hoskinson noted that every product in the market has a new version coming in a few months just after the release, thus there is always something to add or do. He said,

    “Whatever version we create, there’s always going to be something more to do and something more to push out. So then that’s really the point of the road map is it’s kind of a living document where it collects the facts of the “past and puts them there.”

    Hoskinson also talked about the other two newly launched protocols Shelley and Gauguin crediting the team of developers behind the protocols who made sure the launch of the protocols commences without any hiccups. When asked about his views on the complete decentralization, he gave quite an interesting reply stating,

    “Decentralization is not an achievable target. It’s an aspiration.”

    Discussing Differences Between Cardano's CL and Cardano's SL

    Hoskinson also lauded the efforts of other networks who are making use of the high-end application to make their respective network more efficient. He went on to explain the difference between Cardano’s CL and Cardano’s SL.

    Hoskinson also noted that the next goal in the decentralized space is interoperable where moving information and value between networks become common. He concluded that all three newly added protocols on the Cardano blockchain would make the network more efficient and dynamic.

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    Omar Faridi
    Omar Faridi
    I enjoy writing about all topics related to Bitcoin, Blockchain, and other cryptocurrencies. The topics that interest me most are crypto regulations, quantum resistant blockchains, Ethereum and Bitcoin Core development, and scams orchestrated under the guise of ICOs. My academic background includes an undergraduate degree in Computer Science, with a minor in Mathematics from the University of Nevada, Las Vegas. I also possess a Master of Science degree in Psychology from the University of Phoenix. I've been writing about cryptocurrencies and distributed ledger technology (DLT)-based platforms since December of 2017. To date, I have written about 800 articles - which have all been published. I have also edited about 300 articles. While completing my academic coursework, I engaged in independent study programs focused on public-key cryptography and quantum computing. My professional work experience includes working as an application developer for the University of Houston, data storage specialist at Dell EMC, and as Teacher of Mathematics in the United States, China, Kuwait, and Pakistan.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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