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Charles Hoskinson says Cardano needs more developers as the network ecosystem grows


July 1, 2022 · By Muhammad Awwal
Cardano (ADA)

Cardano founder Charles Hoskinson says the coming year will be crucial for the cryptocurrency industry as the government makes game-changing decisions affecting the industry and that Cardano needs more developers on board.

The Cardano community has begun counting down to the Vasil mainnet upgrade, but Charles Hoskinson has provided a thorough explanation on the situation and his firm’s future plans. 

Hoskinson shared the roadmap for Cardano and its future governance structure in a video broadcast. He also discussed the enormous amount of work that is still being done, including the “governance steering committee, technical steering committee, and other committees that are related to things like growth and adoption.”

Cardano, according to Hoskinson, was slow to market with smart contracts but it missed a lot of the DeFi tragedies that’s occurring right now. He sees this as advantageous as the DeFi markets collapse and exponential losses start to ensue.

Hoskinson stated that his company will be focusing on “reflection, it’s a time for debate, it’s a time for cleanup, it’s a time to really dig deep and get everybody in the right place,” in regard to the second half of the year.

He emphasized the need for more developers, saying that: “you have to allow a set of people in the ecosystem to grow and evolve to a point where those people are capable of participating” in order to support all of this network hard work and ecosystem expansion. 

He proposed the opening of a website for signups as a result, “so whoever wants to be part of this members-based organization in some form may sign up and then either you pay the membership fee to the organization or you do some sort of work to the organization, or both.” 

“That’s one side of it. Another side is we need to get more people working for Cardano,” he added. Along with the human resources needed for the Cardano system to develop, its architect emphasized that:

“You have to have a constellation of stars that allow you to steer in the right direction. Some of that is decentralization, some of that is resilience, some of that is effectiveness, the cost, some of that is use and utility.”

“And with Vasil and pipelining with Vasil, I think there’s enough headroom there for you guys to build lots of interesting things on Cardano,” he remarked, making reference to the programmers creating decentralized applications. 

The creator of Cardano asserted that bear markets were the ideal period for completing the last pieces of the ecosystem’s foundation because:

“Bear markets are where everybody gets much more collaborative. More people are willing to join and work with you, and people actually pick up the phone. Bull markets are crazy. Poaching is at an all-time high, people are very hostile, extremely negative language is used, and inhuman things happen.”

Finally, he asserts that the Cardano community is here to stay and has remained stable during bull and bear markets.

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