Cardano Has Hosted 10K Tokens in Just a Month, Says Hoskinson

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  • According to Charles Hoskinson, Cardano has already seen the creation of 10,000 unique tokens in just a month.
  • These tokens assume the sidechain status for now; Cardano will launch smart contracts soon.

Cardano creator Charles Hoskinson has revealed that their blockchain has already hosted over 10,000 unique tokens in just a month.

In an interview with Forbes, Hoskinson revealed that they are already about to finish their “Cardano 2020 research agenda” and that they are preparing to hit the market.

As for the 10,000 tokens issued in a single month, Hoskinson said that the blockchain has put them in a “sidechain” status. Once the blockchain has turned on the full smart contract feature, these tokens will be fully functional.

According to Hoskinson, the Cardano community has already hit almost all of their goals. “We’ve done metadata standard, token issuance, full decentralization,” he said.

Hoskinson added,

We already have 20,000 people participating with them, but they’re running as a side chain, so some of those things need to be linked to the main network. Once those things are turned on, commercialization of the platform is already underway

Nevertheless, he admitted that he underestimated the engineering and scientific complexity, given that he considers himself a very optimistic person.

Hoskinson has been vocal about his goal of Cardano becoming a Ethereum top contender. Aside from enabling developers to create and execute smart contracts, Cardano will target decentralized finance (DeFi). It will also enable non-fungible token (NFT) marketplaces, and “all the usual suspects you see in the Ethereum lab”, he said.

Recently, Cardano has channeled its energy toward Africa. In fact, it will have what it calls an Africa Special this April 29,2021.

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