Here’s What’s In Store For Cardano In 2022
December 27 2021 - 6:00PM
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Cardano has no doubt had an interesting year in 2021. Its native
token, ADA, had grown from less than 30 cents to its record high
above $3. It was a remarkable year filled with firsts for the
project, the most notable being the launch of smart contract
capability on the network. As the year 2021 draws to a close,
investors are beginning to look towards the new year and what might
be in stock for these digital assets. To this end, founder Charles
Hoskinson once again took to his YouTube channel, where he
explained to 300,000 subscribers in a live video, what they should
expect in the coming year. Related Reading | By The Numbers:
How Ethereum 2.0 One-Year Stats Stack Up DeFi On Cardano The
deployment of decentralized finance (DeFi) on the Cardano
blockchain has been a long-awaited event for both the network and
its supporters. With smart contracts capability launched in
September, expectations have grown even more as investors
anticipate the launch of the first DeFi protocols. Developers
continue to work hard towards this goal. Hoskison took time to
address this important part of the Cardano network as he explained
his plan to bring affordable loans to the network through DeFi. He
outlines this goal as something he is working towards so that by
the second half of 2022, there can be working protocols on the
network where people are able to perform end-to-end Microfinance
transactions on the blockchain. “My goal for the second half of
2022 is to figure out how to put all the pieces together to get an
end-to-end microfinance transaction on Cardano. So that a real
person in Kenya or somewhere with a blockchain-based identity and
credit score, stablecoin on the other side, Cardano is the
settlement rail,” Hoskinson said. ADA trading above $1.5 | Source:
ADAUSD on TradingView.com Spreading In Africa Cardano founder
Charles Hoskinson did not fail to mention Africa, a continent that
has been of real interest to the blockchain. For Hoskinson,
bringing these peer-to-peer decentralized finance services to the
continent and spreading them so all of the continent can benefit
from this. He refers to this spread of realfi (real finance) across
the continent as “the dream.” Related Reading | Crypto
Research Analyst Puts Ethereum At $9,000 In Six Months He also
outlines other projects scheduled to take place on the network.
Hoskison lists out plans to enhance the network’s smart contract
platform known as Plutus, as well as the three Cardano improvement
proposals (CIPS), taking a note from the Ethereum improvement
proposals (EIP), that are being worked on by developers that will
come into the project. The founder also acknowledged the growth of
the community, which has grown tremendously in 2021. “We’re staging
things appropriately, and we’re starting to see a refinement of the
science of things,” he said. “The adoption’s there. The community’s
there. We’ve grown to about two million people,” Hoskinson added.
Featured image from Bitcoin News, chart from TradingView.com
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