Emurgo to invest and fill 21 areas ‘missing’ from Cardano: Emurgo CEO

Decentralized identities and layer-2 services are some of the “spaces” in Cardano that the Emurgo team is working to fill, according to its creator and CEO. Cointelegraph Magazine editor Andrew Fenton consulted with Ken Kodama, the creator and CEO of Emurgo– which is one of the three entities governing Cardano. Kodama spoke about moving their existing approach into an endeavor studio design to fill 21 categories that they think are “missing out on from Cardano” when compared to other leading blockchains. Ken Kodama at the Token2049 occasion kept in Singapore. Source: CointelegraphAccording to Kodama, there are two crucial approaches to fill the gaps. These are either constructing the services themselves or investing. He described: “For those 21 categories, either we construct them ourselves or we invest. We do hackathons or we provide grants to incentivize Cardano contractors to construct and to fill the spaces. So, thats what we need to concentrate on, moving from where we are today into a venture studio design.” While Kodama did not identify all the 21 categories that they are wanting to fill, the executive highlighted a few of them. This consists of decentralized identity (DID) for enterprise adoption and layer-2 sidechains.According to the Emurgo CEO, decentralized identity is an essential piece to be embedded in blockchain protocols. “We do not see that much DID application being developed on Cardano. Thats the very first space, or main space that we require to fill in,” he stated. Apart from DIDs, Kodama likewise pointed out that while Cardano has a scaling service called Hydra, they are likewise checking out bringing layer-2 solutions into the mix. The executive stated that theres a “truly dynamic layer-2 community being built” in other blockchains that they “do not really see in Cardano.” Kodama kept in mind that this is one of the important things that they will be working on to improve the community. In addition to decentralized IDs and layer-2 solutions, the executive also discussed that they are checking out zero-knowledge rollups and optimistic rollups also. According to Kodama, they are seeking to purchase these technologies and have also conducted a hackathon with these themes. Related: The finest blockchain “does not exist”– Cardano Foundation execAmong the 21 classifications that they recognized, the executive highlighted that theres one “pushing issue” that impedes adoption which is the designers experience. The executive acknowledged that in order to develop in Cardano, its necessary for developers to comprehend shows languages Haskell and Plutus. Kodama stated that designers who recognize with these languages are “rather low,” and this is why they are supporting Aiken, which is a toolkit and a new shows language for establishing smart agreements on the Cardano blockchain.” Aiken and other shows language applicability are rather crucial to widen the amount of contractors able to develop on top of Cardano. We have been informing home builders to code in Haskell and Plutus. We had more than 2,000 graduates. Nevertheless, thats not truly enough.” The executive said that they have high expectations for Aiken and any other programs languages that can be embedded into Cardano so that contractors can make wise contracts in the platform using different languages. Collect this article as an NFT to preserve this minute in history and show your support for independent journalism in the crypto space.Magazine: How to protect your crypto in an unstable market: Bitcoin OGs and experts weigh in

Cointelegraph Magazine editor Andrew Fenton spoke with Ken Kodama, the creator and CEO of Emurgo– which is one of the 3 entities governing Cardano. Kodama talked about moving their present technique into an endeavor studio design to fill 21 classifications that they think are “missing out on from Cardano” when compared to other leading blockchains. Apart from DIDs, Kodama also mentioned that while Cardano has a scaling option called Hydra, they are also looking into bringing layer-2 options into the mix. The executive acknowledged that in order to develop in Cardano, its needed for developers to understand programs languages Haskell and Plutus. Kodama said that developers who are familiar with these languages are “rather low,” and this is why they are supporting Aiken, which is a toolkit and a new programming language for establishing clever contracts on the Cardano blockchain.

Other Questions People Ask

What areas is Emurgo looking to fill in Cardano according to the CEO?

Emurgo's CEO, Ken Kodama, indicated that the team is focusing on 21 categories that are currently "missing" from Cardano. Some of these areas include decentralized identities (DIDs) for enterprise adoption and layer-2 solutions. Kodama emphasized the importance of these categories in enhancing Cardano's competitiveness against other leading blockchains.

How does Emurgo plan to address the gaps in Cardano's ecosystem?

Emurgo plans to fill the identified gaps by either building the necessary services themselves or investing in projects that can do so. They are also organizing hackathons and providing grants to incentivize developers to create solutions that address these missing areas. This approach aims to transition Emurgo into a venture studio model focused on innovation within the Cardano ecosystem.

What challenges do developers face when building on Cardano?

According to Ken Kodama, one significant challenge for developers is the requirement to understand specific programming languages like Haskell and Plutus. The number of developers familiar with these languages is relatively low, which hinders broader adoption and development on the Cardano platform. Emurgo is supporting initiatives like Aiken, a new programming language toolkit, to make it easier for more developers to create smart contracts on Cardano.

What technologies is Emurgo exploring to enhance Cardano's capabilities?

Emurgo is exploring various technologies, including zero-knowledge rollups and optimistic rollups, to enhance Cardano's scalability and functionality. These technologies are part of their broader strategy to build a more dynamic layer-2 community, which they believe is currently lacking in Cardano compared to other blockchains. By investing in these areas, Emurgo aims to improve the overall ecosystem and user experience on Cardano.

Why is decentralized identity important for Cardano's future?

Decentralized identity (DID) is considered crucial for enterprise adoption within blockchain protocols, according to Emurgo's CEO. Kodama noted that there has been a lack of DID applications developed on Cardano, which presents an opportunity for growth. By focusing on this area, Emurgo aims to create a foundational element that can drive further adoption and integration of Cardano in various industries.