Cardano’s Updated Roadmap Indicates ADA Integration With Debit Card
Last week, Cardano’s founder Charles Hoskinson had a meeting with Google’s executives. During the meeting, Hoskinson explained how Cardano’s network and cryptocurrency will outsmart Ethereum’s first-mover advantage. Cryptocurrency market also speculated that Google might enter into a partnership with the network. However, Hoskinson quickly dismissed those rumors.
Charles Hoskinson, co-founder of Cardano, was also involved in the creation of Ethereum. However, due to some disputes with Ethereum co-founder Vitalik Buterin, Hoskinson left the project and ventured on his own to create IOHK (Inside Outside Hong Kong) – parent company of Cardano (ADA).
Cardano is being touted as competitor to Ethereum, which facilitates deployment of smart contracts and DApps on its network. The ability to run smart contracts is one of the main reasons for the success of Ethereum.
Blockchain networks such as Bitcoin and Ethereum are the first in their sphere of operation. That has given them a tactical advantage. Hoskinson, however, wants to break the first-mover advantage by allowing smart contracts to be programmed using commonly used languages such as Java and C++, instead of learning a new programming language such as Solidity, which is used by Ethereum smart contract developers.
On the above discussed matter, Hoskinson commented
“So how many Java, C++ or Go developers are writing code on Ethereum? You can’t, Ethereum doesn’t support any of these languages. They can’t even run a single viral app on the platform. If you look at the top 10 languages, none of them works on the system, so, by definition, all those developers aren’t developing for the system, they have to go and learn new tools and new stuff.”
Hoskinson further stated that all DApps and smart contracts running on the Ethereum network can run on Cardano, but in a cheaper and faster way. The advantage lies in the consensus model. Hoskinson also pointed out that there is a less number of smart contract developers who are adept at programming using Solidity.
“The other thing is that very few people today write smart contracts,” he said. “They play with these things, but very few people are smart contract developers. If 99% of developers aren’t in the ecosystem, how can you say a person has first-mover advantage? It’s nuts.”
Notably, Justin Sun responded positively to the suggestion provided by Hoskinson to consider using Mantis client, instead of Ethereum Java.
Thanks for the advice! We’re looking to build the best blockchain technology so we’ll look at mantis too.
— Justin Sun (@justinsuntron) June 27, 2018
The updated roadmap indicates that Cardano is working on partnerships to integrate ADA with a cryptocurrency debit card. According to the roadmap, users will be able to load ADA in to the debit card, from their Daedalus wallet. More importantly, funds will be converted automatically into the local currency.
— Input Output (@InputOutputHK) July 5, 2018