IOG CEO and Founder Takes on Twitter FUD on Cardano’s Next Upgrade in Cardano ‘Pan-African Tour’ Update, FUD Responds to PAB Integration
CEO of Input Output Global and founder of the Cardano blockchain platform, Charles Hoskinson, went on the air from Africa to give the ADA community a brief update on Cardano’s current “pan-African” tour. He also touched on the great FUD feed he saw on Twitter recently about PAB’s upcoming Cardano integration — Plutus Application Backend, which is slated for November.
Update from Cardano African tour
Hoskinson shared with the community how Cardano’s African tour has been going. He mentioned several meetings, including a dinner with the CEO of retail giant ShopRite and the company’s innovation team.
Over the weekend, on Saturday, Oct. 16, the Cardano chief gave a speech at the Cape Town Innovation Hub as part of the CiTi event (“Cape Innovations and Tech Initiative”)—a “fireside chat” with Hoskinson.
He jokingly qualifies this long trip around Africa as a “pan-African tour”. It started in Cape Town in South Africa and will continue heading north to other nearby regions: Zanzibar, Burundi, Kenya, Ethiopia and ending up in Egypt.
Hoskinson said there were three heads of state in line to meet, along with “tons of other meetings” scheduled.
Hoskinson addresses more FUD about scalability and TPS on Cardano
Mr. Hoskinson also addressed the extremely large amount of FUD (fear, uncertainty, doubt) that he bumped into on Twitter in the past few days regarding the upcoming small upgrade on Cardano due in late October but most likely to appear in early November: PAB.
PAB stands for Plutus Application Backend. It is one of the tools offered by the platform after the Alonzo hardfork implemented in September. It helps developers who rely on Cardano to use smart contracts.
According to a Cardano explanation, PAB is “an off-chain, backend service for managing and handling the requirements of the application instance throughout its lifecycle.”
Hoskinson said he came across many “usual FUDs” regarding the Cardano ecosystem, specifically mentioning scalability and TPS issues. He said that the platform continues to evolve and devs are learning as they go (and they have a lot to learn with Cardano). Overall, however, the Cardano ecosystem is strong and secure at the moment, and they have never seen so much demand.
Hoskinson added that there are a lot of commercial products being prepared on Cardano too. He reminded the community and those spreading FUD that a lot of new technologies will be rolled out on this blockchain in the next three to nine months.
