Cardano has big plans for 2022, according to the roadmap established by its CEO, Charles Hoskinson, in a educational vlog on Twitter.
Cardano has big plans for this year
According to him, the main goal of blockchain this year is to improve the capabilities of smart contracts on Cardano. After upgrading from Alonzo last year, blockchain has become capable of supporting smart contracts, but Hoskinson believes it can do better.
This will be possible with an extended UTXO model, which will position Cardano midway between EVM and Bitcoin smart contracts.
Hoskinson explained the difference between Bitcoin smart contracts and Ethereum smart contracts in the educational vlog, stating that Bitcoin and EVM are very far apart.
With eUTXO, Cardano intends to create smart contract capabilities that eliminate unnecessary EVM functionality for Challenge and decentralized applications. By doing this, Cardano’s smart contract model will be a basic functional model.
This plan is in line with past developments on Cardano which has most of its coding for the blockchain in Haskell. Haskell is a programming language chosen by its parent company, Input-Output Global, which prefers to use functional languages because they are more resistant to human error and ambiguity and can be easily verified mathematically.
Hoskinson mentioned that the eUTXO deployment “must be done by October” and that the process will take place in three hard forks scheduled for February, June and October. The company already has 100 engineers working on the project.
With the scientific part of the project already done according to Hoskinson, only the coding remains and the company is working with 15 outside companies to provide the code.
Cardano sees Africa in expansion plans
In other YouTube video streaming on Christmas Eve, Hoskinson spoke of Cardano’s success, saying the network “has reached about two million people.” He further mentioned that part of his plan for 2022 is to have a “formal open source project structure that is going to be formed, much like Hyperledger to Linux.”
Additionally, he discussed blockchain plans for African countries stating that “My goal for the second half of 2022 is to figure out how to put all the pieces together to get an end-to-end microfinance transaction on Cardano so that a real person in Kenya or somewhere with blockchain based identity and credit score, stablecoin on the other side, Cardano is the settlement rail.