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- Cardano is on the verge of releasing its smart contract integration era called the Goguen
- Cardano plans to decentralize the governance of the blockchain in the future
- The CTO thinks that Dogecoin is only trendy because it is derived from a meme
Cardano blockchain has been a center of attraction in the crypto community for quite some time now. An exclusive interview by UToday, with the CTO of Cardano, Romain Pellerin, reveals the company’s plan on smart contract integration and why it is best to keep yourself away from high-gain projects like Dogecoin.
Developers can Deploy Smart Contract on Cardano Blockchain
Cardano is on the verge of releasing its smart contract integration era, which is called the Goguen. Pellerin says that they have already undergone two hard forks in December (Allegra) and February (Mary) to support the trade of the NFTs and native tokens. The intelligent contract support that is supposed to be launched this summer will allow developers to deploy smart contracts on the Cardano blockchain. To prevent risky chain splits, Cardano had used the hard fork Combinator. According to him, it is a mechanism that looks dynamically at the events of the system.
Catalyst Program is Cardano’s New Funding Mechanism Governance
On being asked about Cardano’s plan, Pellerin enlightens us about Cardano’s brand new Catalyst program. It is essentially a funding mechanism governance that is based on the treasury. He explained why the company calls it ‘governance.’ This is because, ultimately, it is upon the community to decide innovations on the Cardano blockchain. The company decentralized block production and is going to decentralize Network Topology. And in the future, Cardano plans to even decentralize the governance of the blockchain.
Pellerin was also interrogated on the meme cryptocurrency, Dogecoin, that rose to fame because of Elon Musk. The CTO thinks that cryptocurrency is only trendy because it is derived from a meme. This in no way depicts the future of digital finance. To counter, he adds that there are several hundreds of blockchain ecosystems that strive to enhance the future decentralized system. However, meritless projects like Dogecoin only steal the limelight from such innovative projects.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
