- 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.