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28 March 2024
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Cardano: 90 trade deals in preparation, consultations for CBDC in Africa


  • Cardano’s next era, Goguen, is still on schedule, although the release of the roadmap with the final dates has been delayed.
  • The IOHK has 90 potential trade deals for Cardano in the works.
  • Central African central banks approached the IOHK and suggested “let’s do something” about a CBDC.

Charles Hoskinson, the inventor of Cardano , has reported in a new AMA on various topics, progress and plans for the Cardano blockchain. As the IOHK CEO revealed, there will be two or three new releases this month, “from the node, to the Daedalus, to other things.” At the moment, one of the approaches remains to make the Daedalus portfolio “faster”, including through parallelization of the processes.

Within Daedalus, there are several ongoing projects, such as the ‘identity center’, a ‘voting center’, a ‘QR center’ and a ‘paper wallet center’. IOHK pays external companies to create “bundles” with the code for each new feature, which can then be easily integrated into Daedalus.

As Hoskinson explained, it would take too long if only the Daedalus core team had to program all the new features on their own. So the “polling place” should be available until DC Fund # 3 is found . The “identity center”, on the other hand, should be ready for use as soon as possible, because it is “very powerful” and allows functions like multi-sig and “authenticated addresses”.

As for Goguen, Hoskinson announced that the IOHK has decided not to release the dates as originally planned with the latest monthly update . This is because the management tool that predicts completion dates still needs to be tested “for a week or two” to validate its accuracy.

But overall, Hoskinson was very happy with Goguen’s progress, also making it clear that completion is the top priority. Contrary to some claims, Goguen will not be delayed, but will only have to work on the accuracy of the forecasts. Ultimately, Hoskinson, as CEO of IOHK, will take all necessary steps to ensure that Cardano is competitive in the DeFi and dApp market in 2021:

And again, with the Daedalus work stream where we paralyze things, we will do the exact same thing with the Plutus and the Marlow. And we’ll start outsourcing components that don’t have to be done by the core team. And they can be done in parallel. […] So if it’s simply a matter of more cost and there is manpower available, we will always accelerate that.

Because I want to get to the business building applications. I’m very excited about the DeFi space, very excited about dapps, and tired of saying let’s wait a little longer.

The Cardano community was also pleased to learn that IOHK already has more than 90 partners from project to project. In this regard, Hoskinson made the following statement via Twitter:

Just a clarifying comment. I didn’t say 90 coins want to move, I said the trading team has 90 potential deals in the works. That being said, the erc20 converter should easily push things in this direction

Hoskinson’s response to Cardano’s relationship with central bank digital currencies (CBDCs) may have been exciting to many. According to the Director General of the IOHK, the central banks of Central Africa have already contacted him and suggested that he “do something”:

I would like Cardano to be a substitute for the international bank agreement and for all non-BIS banks to use us as the connective tissue. We have some strategies on CBDCs, we are thinking about them for a while and we have a lot of banks in Central Africa that came up to us, saying “hey, let’s do something.”

And actually I think it would be really cool to connect the concepts of the CBDC, not only with, okay, we can tokenize something, but also with the concept of UBI, so using the currency, the transaction fees accumulate in the wealth pool and you distribute dividends to society because it is the currency of the country, it should generate wealth for the country. So we actually raised that.

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