- Cardano founder Charles Hoskinson believes Algorand ought to develop into a Cardano sidechain.
- Hoskinson supplied to assist Algorand CTO John Woods transition to blockchain.
- Cardano’s founder beforehand referred to as Algoranda one in every of his favourite cryptocurrency initiatives.
Cardano founder Charles Hoskinson believes that one other blockchain community, Algorand, ought to develop into a sidechain of Cardano. Hoskinson’s remark was in response to a video by Algorand’s chief expertise officer (CTO) John Woods. Woods lately took to Twitter to speak about Algorand’s capital and future plans for the community.
John Woods instructed his followers about Algorand’s Proof of Stake consensus mechanism and described its benefits. Within the video, Woods suggested customers who selected to take part within the Algorand staking to not launch a staking node with greater than 50 million ALGO tokens. He additionally requested the stakeholders to not centralize greater than 20% of their SALARY in a single machine.
Charles Hoskinson responded Woods’ tweet beneficial Algorand develop into a Cardano sidechain. Cardano’s founder additionally supplied assist with the transition and instructed Algorand’s CTO that he can be out there to assist with the method at any time. The cryptocurrency group on Twitter had blended reactions to Hoskinson’s proposal.
The Cardano founder’s tweet was seen by nearly half 1,000,000 customers. Some interpreted the suggestion as sarcastic and highlighted the issues dealing with Hoskinson’s community. Others have indicated that this could possibly be a real supply, as Charles Hoskinson has beforehand expressed curiosity in Algorand and in addition praised its founder Silvio Micali for the work he has performed.
Interview in 2020 Hoskinson named Algoranda as one in every of his 9 favourite cryptocurrency initiatives. On the time, he acknowledged that Algorand and Cardano have been academically aggressive and grew by studying from one another. in 2021 in a podcast with Lex Fridman, Hoskinson described the Algorand founder as a “brilliant man” whose contributions to the house have been legendary.
