Charles Hoskinson, the brilliant inventor of Cardano, just tweeted about the partnership between IOG and WMC. He expressed his delight in the collaboration and emphasised that Cardano was developed to scale, promote interoperability, and generate identity in applications, notably in banking the unbanked and tying the disconnected together.
Cardano, the result of diligent development and in-depth academic study, is based on a strong foundation that foresees the demands of the world economy in the future. Cardano is a proof-of-stake blockchain platform that was created by Charles Hoskinson, one of the co-founders of Ethereum, with the goal of becoming the global financial operating system. It was created from the ground up with the help of scholarly research that has undergone peer review and scientific philosophy.
The company behind Cardano’s development, IOG (Input Output Global), formerly IOHK, is in charge of building the cryptocurrency from the ground up. IOG’s partnership with WMC is a reflection of the network’s goal to create a strong ecosystem that supports people and communities. The collaboration intends to carry out Cardano’s purpose of banking the unbanked, which is now more feasible than ever because of the platform’s features.
Cardano has made great progress in the cryptocurrency industry; most recently, the network surpassed other DEX blockchains to become the ninth largest one worldwide. The scalability, interoperability, and identification characteristics that Hoskinson mentions in his tweet are responsible for this rise.
One of the features that makes Cardano appealing for large-scale applications is its ability to grow. The platform can handle more transactions at a faster rate than many other blockchains because to its Ouroboros protocol.
Cardano’s interoperability is yet another strength. It is built to work easily with other blockchains, which is essential in the linked, digital world of today.
