Charles Hoskinson, the creator of Cardano, teases a number of big events – what to look out for

Cardano founder Charles Hoskinson updates the crypto community on the company’s plans to expand operations.

In a new video titled “Musings About the Roadmap,” Hoskinson shares that IOHK (Input Output Hong Kong) Global intends to grow in size around the world, with an emphasis on growing its business in Africa.

“We have scaled the resources enormously. On our part, IOHK Global, we are likely to spend at least $ 15 million on research and development. So we are setting up many new laboratories, recruiting new scientists, expanding our existing scientific core, receiving new post-docs, more post-docs, more doctoral students …

We’re on the commercial side too, and we’ve really grown our business. In Africa in particular, we will definitely increase the resources there to the eight-digit range, as there is a lot of good news. “

Hoskinson’s comments follow IOHK’s announcement that the Alonzo upgrade in August will bring smart contracts to the Cardano network. Smart contract features – a functionality the competing Ethereum blockchain already has – enables developers to build on the platform and bring the hottest crypto sectors like decentralized finance (DeFi), non-fungible tokens (NFTs) and decentralized cloud storage to the platform bring projects.

“As soon as Alonzo hits, there will be so much news of the Monster of the Week, the Taste of the Week … that it might be difficult to compete on our side, so I figured I should get it out early. The second half of this year is really a big discussion of focused efforts alongside community efforts and how to combine these two in the most productive ways possible.

But what’s really cool is that a government is forming. I see that the community is really moving in the right place, and I see that the investments we have made and the protocol design are starting to show up in science. “


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