Cardano Founder Sets the Record Straight on Interoperability Plans

Cardano Founder Charles Hoskinson has clarified the speculation surrounding interoperability on the blockchain’s initial roadmap. 

Cardano Now Operates on Interoperable Sidechains

Hoskinson recently confirmed on X that the goal of Cardano as an interoperability project has been accomplished. A Cardano community member inquired about the interoperability in Cardano’s original roadmap as many wonder what the latest updates are. In response, Hoskinson confirmed, “Yes, and Cardano accomplished it with partner chains. Midnight is the first one of many.”

Yes, and Cardano achieved it with partnerchains. Midnight is the first one of many. The Carrano CL concept

— Charles Hoskinson (@IOHK_Charles) July 25, 2024

During a recent event in Brazil, the Cardano founder talked about the future of the protocol. He highlighted that Midnight Network aims to enhance mainstream adoption by focusing on key aspects. This included identity, privacy, and interoperability in the blockchain space. This new project will pave the way for significant advancements in the industry, he added.

In a major development, the blockchain has rolled out Cardano Node 9.1.0. This signaled a significant move towards the Chang hard fork. This node release represents the final version that introduces on-chain decision-making to the network. In addition, this new release incorporates all the necessary features for the upcoming Chang hard fork. 

Big Moves in the Industry

The blockchain has strived to position itself at the forefront of next generation blockchain technology. Its innovative technology has driven widespread adoption in the crypto industry. Notably, PostFinance, a Swiss government owned bank integrated the blockchain native token ADA along other altcoins, on its trading platform.

In May, the network successfully launched RealFi, a platform to help power a revolutionary financial ecosystem. 

In the same month, Cardano founding developer EMURGO inked a partnership with liquidity provider GSR to drive innovation on the blockchain. In June, a controversial conversation came up concerning the network’s scalability. However, Hoskinson told the community to debunk any rumor. He addressed that the Cardano treasury has enough funds to support any multiple scaling initiatives simultaneously.