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Sunday, June 2, 2024
HomeCryptoCardano founder "opened up" about the possibility of interacting with Elon Musk

Cardano founder “opened up” about the possibility of interacting with Elon Musk

Cardano founder Charles Hoskinson, a prominent figure in the blockchain and cryptocurrency world, has expressed his intention to interact with tech mogul Elon Musk, CEO of Tesla and SpaceX. However, Hoskinson emphasized that the interaction needed to happen at the right time, emphasizing the strategic patience behind his decision.

“The opportunity only comes around once,” Hoskinson commented, emphasizing the importance of timing. “I’m saving it for something big.”

While Hoskinson hasn’t revealed specifics about the “big thing” he has in store, it could be tied to a major milestone or breakthrough for Cardano. This could include major technological advancements, strategic partnerships or significant expansion of network capabilities.

A potential discussion between Hoskinson and Musk would have important implications for the cryptocurrency industry. Both individuals are renowned for their innovative approaches and contributions to technology, and their interaction could lead to groundbreaking developments in the field of cryptocurrency and blockchain.

Important upgrade

Input Output, the consensus group behind the Cardano blockchain, revealed that they have completed an important upgrade related to UTXO-HD.

UTXO stands for Unspent Transaction Output, which refers to the total amount of tokens remaining in a user’s wallet that can be used as input for a new transaction.

But when attached to “HD” it is different. In this case, UTXO-HD is a version that impacts user activity that has been migrated to the new version.

Cardano’s UTXO-HD has been updated to version 0.10.0, giving developers access to more data to contribute to on-chain open source commits.

Although this update does not immediately impact ADA price, which is hovering around the $0.45 mark, some holders are optimistic that the price action will be better.

Annie

Bitcoin Magazine

Mark Tyson
Mark Tyson
Freelance News Writer. Always interested in the way in which technology can change people's lives, and that is why I also advise individuals and companies when it comes to adopting all the advances in Apple devices and services.
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