Cardano (ADA) founder Charles Hoskinson reveals key areas of focus during the next phase of growth for the eighth largest crypto venture by market capitalization.
When asked on his YouTube channel during his Ask Me Anything (AMA) session what will be the “next significant development for Cardano after 2022,” Hoskinson said priorities will include making Cardano resistant to quantum attacks.
Quantum computers, which are far superior to modern supercomputers, are feared to pose a cryptographic threat because they could break the encryption technology of blockchain-based assets and effectively threaten their security.
Cardano’s creator also says other priorities include integrating the Minotaur protocol with Omega.
Minotaur is a blockchain consensus protocol that combines the Proof of Stake consensus mechanism and the Proof of Work consensus mechanism. Omega It is an initiative to bring together all the ideas that Cardano has created over the past seven years.
“Obviously we have an open source project. We kind of combined the Minotaur multi-resource consensus with the Omega Agenda. Quantum resistance. A whole bunch of things we didn’t touch on in the first five years.”
In December 2021, Hoskinson revealed that Cardano had already begun the process of “improving quantum computer problems” even though it was still an “academic exercise” at the time.
Cardano’s creator also says he has a “big private announcement” to make in late 2022.
“I have a really big special announcement that I’ve been planning to do for a really long time towards the end of the year and I think everyone is going to be really excited.”
Cardano is trading at $0.94 at the time of writing.
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Main image: Shutterstock / Liu zishan