Charles Hoskinson, a co-founder of Cardano, recently referred to Cardano as the industry’s “foundation of trust.” At the Cardano Summit, the CEO of Input-Output Global (IOG) gave Cardano high marks. With multiple cryptocurrency ventures and fans, the global gathering recently came to an end in Dubai. According to Hoskinson, Cardano has provided a preview of cutting-edge technology and community governance in the future.
It’s amazing what Cardano has accomplished in the last seven years. For the past five years, the network has functioned without any issues. The CEO of Cardano continued, “It is always operating 24 hours a day, 7 days a week.”
In addition, Hoskinson presented Partner Chains, a brand-new structure. The concept seeks to fundamentally alter how blockchains are introduced and governed. The invention combines the security, liquidity, and dependability of Cardano with modular blockchain technology.
Partner Chains, according to the co-founder of Cardano, will enable developers and validators to fully utilise Cardano’s fundamental capabilities. It will also make advantage of recently developed Cardano technology to create partner chains that are optimised.
It is noteworthy because Cardano just revealed Midnight as its first partner chain to incorporate the new architecture.
The Cardano community is working to develop and grow the Cardano ecosystem up until that point. During the Cardano Summit, the IOG team actively participated in panels, keynotes, new product lineups, and masterclasses.
An extensive calendar of upcoming cryptocurrency events covers a variety of interesting topics, including as FinTech, Blockchain, Metaverse, DeFi, NFT, Web3, Finance, and Forex.
Cardano emphasized during the summit the Mithril squad’s work on creating a proof of concept for P2P networking. The network also demonstrated how it has launched a staggering 77.6 million transactions, 9 million tokens, and 148 projects.