Cardano upgrade delays tied to ‘boring’ academic approach — CEO

” Cardanos recent substantial updates, including the layer-2 scalability solution Hydra in May and the stake-based multisignature protocol Mithril in July, resulted in network upticks following their launch. More recently, in the 3rd quarter of 2023, while Cardanos decentralized financing (DeFi) activity remained flat, its overall value locked (TVL) was up 198% year-to-date, information from blockchain analytics firm Messari shows. The networks TVL, which ranked 34th at the beginning of the year, now sits at 15th amongst all the networks reviewed.As the environment prepares for the upcoming Voltaire, the last period of the Cardano roadmap that focuses on decentralized governance, Gregaard said the ecosystems goal levels on on-chain governance “is way higher than other tasks,” however they attempt to take the learnings from other networks, including MakerDAO. He included that they continue to include to this community, claiming they have recorded over 200,000 brand-new noncustodial wallets in a bear market.The executive also stated that the “best work” in the area took place in third-generation and second blockchains founded by known figures, recommending that individuals follow projects due to the “tradition” behind them.Ethereum co-founders Charles Hoskinson and Gavin Wood, for circumstances, left the second-generation blockchain and started their own platforms, specifically Cardano and Polkadot, respectively.” What a lot of people do not recognize is that this tribalism is sort of watering out a little bit, as we more and more see the impact and the scope and, more notably, the significance of what blockchain can bring to the world order and society at big,” he added.What lies aheadAccording to Gregaard, Cardano will continue following its current path towards ending up being a stable network, which will include a series of difficult forks and the enactment of CIP-1694.

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The networks TVL, which ranked 34th at the start of the year, now sits at 15th among all the networks reviewed.As the community prepares for the upcoming Voltaire, the last period of the Cardano roadmap that focuses on decentralized governance, Gregaard said the communitys aspiration levels on on-chain governance “is way higher than other jobs,” however they attempt to take the learnings from other networks, consisting of MakerDAO. He added that they continue to include to this neighborhood, declaring they have actually tape-recorded over 200,000 new noncustodial wallets in a bear market.The executive also stated that the “best work” in the area took place in third-generation and second blockchains founded by recognized figures, suggesting that individuals follow tasks due to the “legacy” behind them.Ethereum co-founders Charles Hoskinson and Gavin Wood, for circumstances, left the second-generation blockchain and began their own platforms, particularly Cardano and Polkadot, respectively.” What a lot of people dont realize is that this tribalism is sort of watering out a little bit, as we more and more see the effect and the scope and, more significantly, the significance of what blockchain can bring to the world order and society at large,” he added.What lies aheadAccording to Gregaard, Cardano will continue following its existing path toward ending up being a steady network, which will involve a series of difficult forks and the enactment of CIP-1694.