Smart Contracts and the Need for Decentralisation

Smart Contracts and the Need for Decentralisation

Smart Contracts and the Need for Decentralisation

Charles Hoskinson, Founder, Cardano – Smart Contracts and the Need for Decentralisation.

Ryan Daws (@Gadget_Ry) chats with Charles Hoskinson (@IOHK_Charles) about Cardano’s upcoming launch of smart contracts, how developers can take advantage of the vast potential for decentralised applications, giving Ethereum developers a new home, and how the blockchain industry is taking on wider issues such as unlimited money printing, censorship, and distrust in banks, politicians, scientists, the media, and even democratic processes.

 

00:18​​ Brief overview of Cardano and what prompted you to start it?

06:01​​ Why should developers build on Cardano over Ethereum?

14:20​​ Why has it taken so long to launch smart contracts?

22:42​​ How is the KEVM devnet going and what does it allow developers to do?

24:17​​ Are you expecting many projects to jump from Ethereum to Cardano this year?

28:11​​ Cardano is building its own oracles for pulling in external data. How is this going and do you think third-party projects like ChainLink will play a big role in your ecosystem?

31:09​​ What are your predictions for the blockchain industry this year? Do you believe the “bubble” claims?

36:53​​ Do you think blockchain innovations can help with restoring trust in governance, banks, the media, democratic processes.etc?

42:11​​ It feels like there's an app for everything these days but there are very few decentralised versions—providing a huge growth opportunity. Is that something you're betting on?

ecosystem for entrepreneurs

The next tech social media, marketing, and broadcasting giant, Markethive, (this platform) has also moved to the Cardano blockchain from Ethereum. The Markethive Coin, MHV, about to be launched on principled exchanges, is now a Native token on Cardano’s isomorphic multiparty state system instead of an ERC-20. 

Given the enormous transaction activity and data involved, along with the ILP assets in Markethive, it makes perfect sense to migrate to a completely decentralized system that will handle throughput, stability, and interoperability with ease.    

CEO and Founder of Markethive, Thomas Prendergast, says,

“The MHV coin was originally produced (8,888,888,888) according to the ERC20 guidelines from Ethereum about 1.5 years ago. The coin in Markethive has been kept in Markethive operating separate from the ERC20 on our own paper blockchain until we released the wallet. Recent trends have revealed the ERC20’s security risks, privacy risks, and even worse, the cost to transact (gas) has skyrocketed.

As we determined that the ERC20 was not for us and before we opened up to the exchanges as an ERC20, we decided to find other options. This was several months ago, and at the same time, our friend Charles Hoskinson the founder of Cardano released his final version from BETA, and perfect timing for us. 

After contacting him, CTO of Markethive, Douglas Yates, determined that to convert to Cardano was the perfect decision, and so this now opens the door for us to launch onto the exchanges as a Cardano-based Markethive coin.”

This is excellent news for Markethive; It means much smaller transaction fees, greater security, faster application speeds. It means our entire system will be stronger, quicker, and secure.

 

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SeamanDan