Blockchain
Cardano CEO Addresses Community’s Assumptions Over the Blockchain
Cardano founder Charles Hoskinson has addressed some pressing questions about the blockchain project from its community members. In a recently uploaded video, Hoskinson selected a few questions from a Cardano user, clarifying some of the assumptions within the project’s ecosystem.
Hoskinson addressed the opinion that Cardano needs a well-recognized stablecoin to succeed. He agreed that Cardano needs to implement better-supported stablecoins, noting that the project has attempted to do so before now. However, he confirmed that the Cardano Foundation is diligently working to make that happen.
Meanwhile, the Cardano CEO debunked the idea that the blockchain gets heavily congested even with few active users and ongoing mints. While he agrees that congestion occurs, he noted several active users and mints on the blockchain. He also stated that the congestion, when it occurs, does not cause a significant issue for users.
According to Hoskinson, congestion on Cardano does not lead to spiking fees or the failure of processes. He clarified it only leads to delays in transaction settlements, increasing transaction time.
Clarifying the issue of top-down support, Hoskinson considered giving money to projects within its ecosystem unnecessary. He compared Cardano with other top blockchains like Bitcoin and Ethereum that did not have to “support” builders with funds. He thinks doing so amounts to “bribing” where the project influences builders to build their products on the blockchain.
Hoskinson noted a common misconception about Cardano’s interoperability. He explained that many centralized exchanges (CEXs) have already added Cardano to their platforms. He debunked the idea that Cardano’s unique programming language makes it difficult to be added to other platforms.
To conclude, Hoskinson denied there are no incentives from Cardano for users on its network. He referred to previously highlighted issues like top-down support and alleged lack of interoperability to explain that the blockchain is user-inclined and supports those building on it.
Source: radingview.com
The post Cardano CEO Addresses Community’s Assumptions Over the Blockchain appeared first on HIPTHER Alerts.
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Blockchain
Humanity Protocol Secures $20 Million Strategic Funding from Jump Crypto and Pantera Capital at $1.1B Fully Diluted Valuation
Humanity Protocol, a decentralized identity blockchain solution, is today announcing the successful closure of its latest $20 million funding round, co-led by Pantera Capital and Jump Crypto at a $1.1 billion fully diluted valuation.
This investment represents a vote of confidence in Humanity Protocol’s mission to redefine decentralized identity and unlock new possibilities for secure, inclusive, and user-owned blockchain ecosystems. It follows the recent announcement of the Humanity Foundation’s formation, led by Yat Siu, Mario Nawfal, and interim CEO Yeewai Chong.
The funding will accelerate Humanity Protocol’s development of Proof of Humanity, Human ID, and seamless integrations with leading Web3 platforms. With the support of Jump Crypto and Pantera Capital, Humanity Protocol is poised to scale its operations, expand its global reach, and drive adoption across industries beyond Web3.
As Humanity Protocol continues to grow, the funding will also support upcoming initiatives, including partnership announcements, developer grants, and community-building efforts leading up to the protocol’s mainnet launch.
Both Pantera Capital and Jump Crypto bring extensive expertise in blockchain, Web3 infrastructure, and strategic scaling, making them ideal partners in Humanity Protocol’s next growth phase.
“At Humanity Protocol, we’re committed to empowering individuals with digital identities that are truly their own,” said Terence Kwok, Founder of Humanity Protocol. “This investment from Jump Crypto and Pantera Capital brings us one step closer to realizing a future where trustless, decentralized identity solutions are the norm. We’re honored to have the backing of such visionary investors who share our belief in the transformative potential of Web3 technologies.”
“At Pantera Capital, we are excited about all the ways that blockchain enables a future AI-driven world, and Humanity Protocol is leading the way,” added Cosmo Jiang, General Partner at Pantera Capital.
The post Humanity Protocol Secures $20 Million Strategic Funding from Jump Crypto and Pantera Capital at $1.1B Fully Diluted Valuation appeared first on News, Events, Advertising Options.
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