Cardano creator also praised Algorand community
Founder of Cardan Charles Hoskinson received high praise for former Cardano technical contributor John Alan Woods, who is now joining Algorand as CTO.
The Cardano creator also praised the Algorand community, saying, “Algorand is an excellent project with exceptional people,” adding that new prospects for future research and collaboration between the two projects might be in place.
John Alan Woods worked briefly to replace Duncan Coutts, IOG’s lead technical architect, who took paternity leave but has now returned to his role.
In a recent interview, Coutts expressed his delight at the scope of current development at Cardano and mentioned that a lot of big-impact projects were in the pipeline.
An example is the Vasil upgrade, which is part of the Basho phase and focuses on scaling and optimizing the network and ledger while making many improvements to the ledger. Cardano’s hard-fork combiner (HFC), a state-of-the-art technology that implements seamless protocol transitions and ledger upgrades while minimizing disruption to end users, will be used to deploy Vasil at the global level. protocol.
A new Cardano book for newcomers has also been introduced by IOG as part of its push for crypto education: Cardano for the Masses: A Financial Operating System for People Who Don’t Have One.
Cardano-based DEX faces 52,000% monthly TVL growth
At press time, Cardano’s total value locked (TVL) in DeFi remained largely unchanged at $120.51 million. The Wingriders DEX contributes greatly to this, with a dominance of 42.21%.
Notably, in the past month, Wingriders Fluid tokens and ADAX Pro faced increases of 54.72%, 52,688% and 139%, respectively.
Cardano’s ADA was trading at $0.46, slightly up over the past 24 hours.
