Cardano CEO Shares the network plans for 2022

Charles Hoskinson, Cardano founder, shared some of the company's plans for 2022 in a 30-minute Christmas Eve talk on YouTube.

Cardano CEO Shares the network plans for 2022
Charles Hokingson Cardano CEO | Image: Optimisus

On Christmas Eve on December 26, Charles Hoskinson broadcasted a 30-minute Youtube video where he reviewed some of Cardano’s greatest achievements for 2021. Also, he shared some of the network's biggest plans for 2022.

Furthermore, he recognized he was wrong when he said that there would be thousands of decentralized applications (DApps) on the Cardano ecosystem by the end of this year.

This is based on a tweet from last year where he predicted that by next year we’ll have hundreds of digital currencies and thousands of DApps on Cardano and he got it wrong in both directions.

Finally, he also criticized “networks that purport to be decentralized” but need to restart when they stop working. While he didn’t mention any names, his comment was likely referring to the Solana blockchain that encountered multiple network disruptions this year.

In September, Solana experienced went offline for 18 hours, and validators had to assemble and restart the network to get it running again.

Regarding the expansion of DApps on the network, Hoskinson said that they have yet to see significant traction there. In addition, he claimed that this was because of the delayed release of the Goguen update, which introduced smart contracts to the network.

For instance, Cardano launched smart contract on the mainnet with the Alonzo hard fork on September 12. However, Minswap, the first decentralized exchange (DEX) to roll out on the platform, had scaling troubles.

Aso, many projects have delayed launching on the mainnet because of that concurrency. Despite everything that happened, Hoskinson claimed that 2021 had been a great year for the network in terms of adoption. He asserted, there are two million people and thousands of developers using and building on Cardano.

Note that some of Cardano’s plans for next year include building the organizations that hold up the network and growing its adoption across Africa.