Joseph Goguen, Professor of Computer Science and Engineering at the University of California

Joseph Goguen, an American computer scientist whose work is credited with inspiring the development of the “K framework” and the ultimate development of smart contracts, is the name of the upgrade. The network’s introduction of smart contract capabilities was one of the most significant steps toward this objective.

Category theory has been called ‘abstract nonsense’ both by its friends and its detractors.

Joseph Goguen

2023

The Cardano community’s dedicated Web3 social media platform, Cardano Spot, has announced that it would be providing live on-the-scene reporting at the 2023 Cardano Summit in Dubai. It’s one of the biggest blockchain meetings, scheduled in November. Cardano Spot will provide worldwide Cardano lovers with unique one-on-one interviews, insights, and vox pops on the newest initiatives. Cardano Spot wants to share the excitement of the Cardano Summit 2023 with the community through its live coverage of the event.

Here you can watch a video with the explanation of “Cardano”:

2022

The Cardano team will be expected to modify and update features as they see necessary in order to ensure a successful Goguen period, therefore the ambitious roadmap for the project will undoubtedly continue. In 2021, the project started using smart contracts, and in 2022, it will make improvements to its Hydra scaling and Voltaire governance protocols. By processing transactions in off-chain staking pools referred to as “Hydra nodes,” Hydra aims to accelerate the network as Cardano’s layer-2 scaling solution. Each Hydra node should be able to handle 1,000 transactions per second.

The Cardano Foundation and its founder will probably put more of their attention into the network’s growth to African nations as Cardano’s technological advancements continue to advance rapidly. Hoskinson asserted that 5 million Ethiopian students would acquire school qualifications through the Cardano network in October 2021.

Ethiopia is only one stop on Hoskinson’s tour of Africa, however. The founder is meeting with higher-ups in other countries such as South Africa, Kenya, Zanzibar and Burundi. Hoskinson will likely meet with various Cardano-centric startups within the continent, many of which received funding from Emurgo. He plans to provide whatever support these developer groups need to succeed in their vision.

Finally, IOHK partnered with the World Mobile Group, a blockchain-based mobile network, to provide decentralized services such as internet and energy to African countries. The partnership’s first movements provided solar-powered energy to a village in Tanzania and will utilize Cardano to offer internet services as well. These services will likely expand both in offerings and accessibility throughout 2022.

Latest news about Joseph Goguen

• EMURGO, a global blockchain technology giant, has partnered with Matrixport’s Cactus Custody to provide regulated custody support for Cardano’s native assets in the Web3 market. The partnership aims to cater to the growing Web3 developer community, DApp enthusiasts, and various enterprises. Cactus Custody, a renowned qualified institutional custodian with a strong record in digital asset protection, covers over 30 blockchains and has over 300 clients. The Cardano blockchain, known for its multi-asset support, enables seamless transactions without smart contracts and significantly reduces user fees. The partnership demonstrates EMURGO’s commitment to innovation in the Web3 sphere and Cactus Custody’s ability to offer superior safekeeping solutions for Cardano’s native assets.
• Cardano’s ADA cryptocurrency has fallen 52.5% in value in a year, trading at $0.244. This is due to its classification as a security by the U.S. Securities and Exchange Commission (SEC) amid investigations into Coinbase and Binance. ADA’s value has declined over 15% since its classification. DeFi activity on the Cardano network has also decreased, with transaction volumes hitting a yearly low of $821,390 on September 9. The decline in DeFi activity and ADA’s price woes highlight the network’s challenges in the current crypto market.
• Cardano and Optimism experienced significant market volatility, with Cardano’s price dropping by 2.3% and Optimism’s price dropping by 12.4%. However, experts are optimistic for Cardano’s bullish movement and positive developer activity metrics. Domini, an innovative art marketplace, is set to grow exponentially during its presale, offering early access to new artworks, special discounts, and priority invites to exclusive events. As of September 1, 2023, Domini is in the beta stage of its presale, offering a 23.8% surge.

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