The Free Market Will Determine Cardano’s Fate: IOHK’s Charles Hoskinson
A high token price gives a project crucial staying power, Hoskinson tells CoinDesk.
Cardano has been pioneered by a team of academics and engineers, and is offering a unique approach to scaling and securing a blockchain network. Cardano is a non-profit platform with three separate bodies responsible for maintaining and developing the platform. The cryptocurrency which operated in the Cardano network is called ADA and is, like others, can be used for direct value transfer. Furthermore, the network will soon be able to handle smart contracts.Blockchain 101
Charles Hoskinson, IOHK's CEO, will become an adviser to Wave Financial as part of the deal.
Cardano users will be able to securely stake their ADA tokens from inside Coinbase's cold storage.
The eighth-largest cryptocurrency by market value jumped to $0.1021 on Saturday to hit its highest price level since June 2019. It has rallied by a staggering 170% in the second quarter, according to CoinDesk data.
The cFund will invest anywhere between $250,000 and $500,000 into startups and small businesses using Cardano or IOHK tech initiatives.
Cardano's ADA token is racking up impressive gains this year, possibly over speculation the network's early adoption of a proof-of-stake blockchain might help it win a growing share of the DeFi space.
The blockchain center at the University of Wyoming will feature a Plutus development facility, providing blockchain developers with an applied laboratory for writing code in cardano's smart-contract language.