{"id":16371,"date":"2022-05-10T14:49:15","date_gmt":"2022-05-10T14:49:15","guid":{"rendered":"http:\/\/egrowonline.com\/?p=16371"},"modified":"2022-05-10T14:49:15","modified_gmt":"2022-05-10T14:49:15","slug":"ada-charles-hoskinson-says-the-massive-cardano-treasury-is-only-going-to-grow","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=16371","title":{"rendered":"$ADA: Charles Hoskinson Says the \u2018Massive\u2019 Cardano Treasury Is \u2018Only Going To Grow\u2019"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p>On Tuesday (May 10), <a target=\"_blank\" href=\"https:\/\/iohk.io\/en\/team\/charles-hoskinson\/\" rel=\"noopener\">Charles Hoskinson<\/a>, who is Co-Founder and CEO of\u00a0<a target=\"_blank\" href=\"https:\/\/iohk.io\/\" rel=\"noopener\">Input Output Global<\/a>\u00a0(aka \u201cIOG\u201d, formerly known as \u201cIOHK\u201d), the company responsible for Cardano\u2019s research and development, provided some reassuring news for $ADA HODLers.<\/p>\n<p>Earlier today, Sebastien Guillemot, who is the CTO of blockchain company\u00a0<a target=\"_blank\" href=\"https:\/\/dcspark.io\/\" rel=\"noopener\">dcSpark<\/a>\u00a0\u2014 as well as the former VP of Engineering &amp; Cardano Product Manager\u00a0at EMURGO \u2014 reminded his followers that thanks to Cardano\u2019s \u201cmassive treasury\u201d startups such as dcSpark \u201ccan continue to build tooling\u201d for Cardano. The IOG agreed with this assessment and said that Cardano\u2019s treasury is \u201conly going to grow.\u201d<\/p>\n<figure class=\"wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter\" \/>\n<p>In case you are wondering what dcSpark does, according to its development team, the main goals are to:<\/p>\n<ul>\n<li>\u201cExtend Blockchain Protocol Layers\u201d<\/li>\n<li>\u201cImplement First-Class Ecosystem Tooling\u201d<\/li>\n<li>\u201cDevelop and Release User-Facing Apps\u201d<\/li>\n<\/ul>\n<p>The firm was co-founded in April 2021 by Nicolas Arqueros, Sebastien Guillemot and Robert Kornacki.\u00a0<\/p>\n<p>dcSpark is best-known in the Cardano community for its sidechain project <a target=\"_blank\" href=\"https:\/\/www.milkomeda.com\/\" rel=\"noopener\">Milkomeda<\/a>. On March 28, the\u00a0Milkomeda Foundation\u00a0has announced the launch of Milkomeda C1, which \u201cenables Ethereum dApps to be deployed in the Cardano ecosystem.\u201d Furthermore, the Milkomeda project promises in future to deliver interoperability between Cardano and other layer one (\u201cL1)\u201d) blockchains, such as Solana.<\/p>\n<figure class=\"wp-block-embed-twitter wp-block-embed is-type-rich is-provider-twitter\" \/>\n<p>            <!-- Inline ads (all screen sizes) --><br \/>\n            <!-- Primis --><\/p>\n<p>            <!-- Inline ads (xs-lg screens) --><br \/>\n            &lt;!&#8211;<\/p>\n<div class=\"d-xl-none\">\n<div class=\"g-pt-30 g-pb-30 text-center\">\n                    Not in use\n                <\/div><\/div>\n<p>            &#8211;&gt;<\/p>\n<p>            <!-- Inline ads (xl screens) --><br \/>\n            &lt;!&#8211;<\/p>\n<div class=\"d-none d-xl-block\">\n<div class=\"g-pt-30 g-pb-30 text-center\">\n                    Not in use\n                <\/div><\/div>\n<p>            &#8211;&gt;<\/p>\n<p>On 2 August 2021, the dcSpark CEO published a\u00a0<a target=\"_blank\" href=\"https:\/\/medium.com\/dcspark\/why-cardano-f9c9a0db9d01\" rel=\"noopener\">blog post<\/a> to explain why his company builds on Cardano.<\/p>\n<p>He started by saying that Cardano provides it users with \u201ca full fledged PoS system at their disposal which overcomes many of the usability pitfalls other PoS chains struggle with.\u201d<\/p>\n<p>Arqueros then said since Cardano\u2019s mainnet went live in 2017, \u201cthe network has gained a significant amount of user interest, helping to make Cardano \u201cone of the top crypto projects in terms of marketcap\u201d and \u201cover 2100 stakepools\u201d, which makes it \u201cboth one of the most decentralized blockchains in addition to one of the most popular.\u201d<\/p>\n<p>Next, he explained why the\u00a0<a target=\"_blank\" href=\"https:\/\/iohk.io\/en\/research\/library\/papers\/the-extended-utxo-model\/\" rel=\"noopener\">Extended UTXO<\/a>\u00a0(EUTXO) model used by the Cardano ledger, which is an extension of Bitcoin\u2019s UTXO model, is superior to the conceptually simpler account-based model used by Ethereum and most other smart contract platforms.<\/p>\n<p>And finally, Arqueros mentioned that \u201cwhat sets Cardano apart is its self-sustainable mechanism for supporting ecosystem growth: a decentralized DAO called Catalyst.\u201d<\/p>\n<h2>Disclaimer<\/h2>\n<p><em>The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.<\/em><\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.cryptoglobe.com\/latest\/2022\/05\/ada-charles-hoskinson-says-the-massive-cardano-treasury-is-only-going-to-grow\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Tuesday (May 10), Charles Hoskinson, who is Co-Founder and CEO of\u00a0Input Output Global\u00a0(aka \u201cIOG\u201d, formerly known as \u201cIOHK\u201d), the company responsible for Cardano\u2019s research and development, provided some reassuring news for $ADA HODLers. Earlier today, Sebastien Guillemot, who is the CTO of blockchain company\u00a0dcSpark\u00a0\u2014 as well as the former VP of Engineering &amp; Cardano [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16372,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[44],"tags":[340,266,1298,3596,1299,527,3194],"class_list":["post-16371","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-ada","tag-cardano","tag-charles","tag-grow","tag-hoskinson","tag-massive","tag-treasury"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/05\/Charles-Hoskinson-in-July-2017-768x344.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/16371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16371"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/16371\/revisions"}],"predecessor-version":[{"id":16373,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/16371\/revisions\/16373"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/16372"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16371"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}