Cardano CEO Explores Collaboration With Algorand To Develop Decentralized AI
Charles Hoskinson, the CEO of Cardano, expressed his admiration for the potential of Algorand’s blockchain technology and the prospect of collaborating with them on decentralized artificial intelligence (AI) initiatives. This collaboration holds the promise of unlocking new opportunities for both parties in the rapidly advancing AI sector.
Hoskinson Lauds Algorand Blockchain
Hoskinson has consistently demonstrated a keen interest in cryptocurrency projects focused on decentralized blockchain solutions. He recently conveyed his positive stance on Algorand’s technology, suggesting that when coupled with a specialized proof of work optimized for AI inference, it could position Algorand as a leading decentralized AI entity within the cryptocurrency industry.
The Cardano CEO conveyed his enthusiasm for the potential development and proposed Algorand as a suitable partner chain. He expressed his belief that together they could maximize the capabilities of Minotaur.
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In response to Hoskinson’s remarks, Gary Malouf, the Chief Technical Officer of Algorand Technologies, expressed interest in learning more about the proposed collaboration. Hoskinson subsequently requested a meeting with IOHK CTO Romain Pellerin, who welcomed the idea, emphasizing the value of Algorand as a partner chain. While the prospect of this partnership remains preliminary, if successful, it stands to create compelling synergies between the cryptocurrency and AI sectors.
Chang Hardfork to Linger
Meanwhile, the highly-anticipated Cardano Chang hardfork has been delayed by an additional four days, shifting the launch date from August 27 to September 1. The Chang hardfork is expected to revolutionize Cardano’s governance model by transforming the use of ADA and initiating the Voltaire era.
Charles Hoskinson underscored the delay and noted that Binance and other cryptocurrency exchanges are yet to announce their support for the upgrade. He emphasized the impact of deadlines, suggesting that the delay might prompt those not taking the upgrade seriously to swiftly align with the new timeline. Despite a broader rally in the cryptocurrency market today, Cardano’s native cryptocurrency ADA surged by 4%, reaching $0.40. However, the delay in the Chang hardfork might temporarily impede ADA’s price rally.
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