The founder of Cardano (ADA) and the CEO of Input Output Hong Kong (IOHK) spent a week in Washington, D.C., discussing legislative draughts and laws surrounding cryptocurrencies with legislators.
Cardano founder Charles Hoskinson, a longtime advocate for more government transparency when it comes to legislation and how ADA may help politicians accept cryptocurrencies, recently offered his thoughts on the current state of affairs in Washington, D.C.
Hoskinson stated that he would continue to communicate with organizations such as the DCC, the blockchain association, and others in order to discover collaborative prospects.
In addition, he stated that they will engage in policy discussions with legislators and provide suggestions on how to improve the phrasing of legislation when given draughts.
The Cardano ecosystem will be active and want to undertake regulated business, whether it’s a security token offering, regulated company, or traditional financial institutions like banks embracing the protocol and wanting to keep their charters.
Cardano is one of the most well-known blockchains to have successfully implemented a proof-of-stake consensus mechanism, which is less energy-intensive than Bitcoin’s proof-of-work method. Although Ethereum, which is much larger, will upgrade to PoS, this will be a gradual process.
The project has taken satisfaction in ensuring that all technology developed goes through a peer-reviewed research process, allowing for bold ideas to be tested before being verified. According to the Cardano team, academic rigor aids the blockchain’s durability and stability, boosting the likelihood of possible hazards being identified ahead of time.
Cardano’s current price is $0.461729 USD, with a trading volume of $1,021,347,335 USD in the last 24 hours. In the previous 24 hours, Cardano has lost 5.53 percent of its value. With a live market cap of $15,578,277,780 USD. There are 33,739,028,516 ADA coins in circulation, with a maximum supply of 45,000,000,000 ADA coins.
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