Cardano Founder Reacts as IOHK CTO Lists Critical Cardano Achievements Since 2020
The post Cardano Founder Reacts as IOHK CTO Lists Critical Cardano Achievements Since 2020 appeared on BitcoinEthereumNews.com.
The Cardano founder Charles Hoskinson has reacted to a disclosure from IOHK CTO detailing the network’s important achievements since 2020. Notably, Cardano has marked a remarkable journey since 2020, as emphasized by Romain Pellerin, the Chief Technology Officer at Input Output Hong Kong (IOHK). In a recent statement, Pellerin outlined the blockchain platform’s key milestones over the past five years. Following this, Cardano founder Charles Hoskinson responded with approval, sharing a moment from Star Trek: The Next Generation that shows his confidence in the platform’s trajectory. Cardano’s Growth Since 2020 In his disclosure, Pellerin highlighted the Shelley upgrade in July 2020, which transitioned Cardano to a proof-of-stake network. This enabled users to stake their ADA tokens and participate in securing the network, enhancing decentralization compared to its earlier federated structure. Later that year, in December, the Allegra upgrade introduced metadata capabilities, allowing users to attach additional information to transactions. This essentially set the stage for more complex applications on the blockchain. Meanwhile, in February 2021, the Mary update expanded Cardano’s functionality by enabling native token creation and non-fungible tokens (NFTs). Unlike Ethereum, which relies on smart contracts for token issuance, Cardano’s approach made the process better, reducing costs and complexity for developers. Notably, the momentum continued in September 2021 with the Alonzo upgrade, which brought Plutus v1 smart contracts to the platform. This milestone allowed developers to build dApps, as Cardano looked to compete with platforms like Ethereum. Vasil, Valentine and Chang The following year, in September 2022, the Vasil upgrade improved network efficiency through data diffusion pipelining and introduced Plutus v2, enhancing smart contract performance. This upgrade boosted transaction speeds, making the platform more appealing for large-scale use. Further, in February 2023, the Valentine upgrade strengthened interoperability by integrating support for Bitcoin’s ECDSA and Schnorr signatures, alongside dynamic peer-to-peer…
Filed under: News - @ March 3, 2025 7:28 pm