Cardano founder Charles Hoskinson gave hints as to what’s coming for the sixth biggest cryptocurrency on the market in 2022.
Speaking in a live Christmas eve broadcast on YouTube, Hoskinson said that next year will see the creation of new institutions dedicated to supporting Cardano and providing an open-source project structure.
“Next year, what’s going to happen is that a formal open-source project structure is going to be formed, kind of like Hyperledger to Linux. We’re going to see many institutions wired in, and all the people that are currently working on it will be novated over, including me,” he explained.
“When you look at things like enhancing Plutus, there’s already three CIPs (Cardano improvement proposals) as a result of the work we’ve done with developers that need to come in.
We have pipelining that needs to come in, input endorsers that need to come in. Peer-to-peer is currently being tested with the stake pool operators on the testnet, and there’s lots of stuff happening there.”
Hoskinson, known in the crypto industry for having his eyes set on Africa, said one of the goals for next year was providing an easy-to-use peer to peer (P2P) blockchain system for the unbanked.
“My goal for the second half of 2022 is to figure out how to put all the pieces together to get an end-to-end microfinance transaction on Cardano.
So that a real person in Kenya or somewhere with a blockchain-based identity and credit score, stablecoin on the other side, Cardano is the settlement rail. Peer-to-peer, person-to-person, click a button, loan goes to them. They pay it back, (and it) goes to the other side,” he said.
Cardano is up 861% in 2021, and while it is over 51% down from its all time highs, ADA has shown signs of life in the past seven days, putting in gains of nearly 20%.