Charles Hoskinson Ambitious: “Cardano Will Be Strong in Five Years!”

Founder of the Cardano (ADA) ecosystem Charles Hoskinsonshared the key points regarding its upcoming phases for the eighth largest crypto project by market cap.

Hoskinson, who organized the “Ask Me Anything (AMA)” event, said that after 2022, in the answers he gave, Cardano (ADA) He explained what was the most important step for him. He stated that the primary goal, according to Hoskinson, is to make Cardano highly resistant to “quantum” attacks.

Quantum computing technology, far superior to today’s modern supercomputers, is seen as a threat to the crypto industry as they can break the encryption technology of blockchain-based assets and effectively undermine their security.

Hoskinson also highlighted that other priorities are to combine the Minotaur protocol with Omega.

minotaurrepresents a blockchain consensus protocol that combines a proof-of-stake consensus mechanism with a proof-of-work consensus mechanism. Omega is an initiative that brings together all the ideas that Cardano has produced over the past seven years.

“We have an open source project on this. We were able to somehow combine the Minotaur multi-resource thinking with the Omega agenda. Quantum resistance… There is a lot of things we haven’t been able to put together in the first five years.”

In December 2021, Hoskinson announced that Cardano had begun the process of “improving the problems of quantum computers”, but that it was still an “academic exercise” at the time.

The founder of the Cardano ecosystem also stated that there is a big announcement expected at the end of 2022.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.

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