- Cardano founder Charles Hoskinson believes Algorand ought to be a sidechain for Cardano.
- Hoskinson has provided to assist Algorand CTO John Woods transition to blockchain.
- The Cardano founder beforehand named Algorand as one in every of his favourite crypto initiatives.
Cardano founder Charles Hoskinson believes fellow blockchain community Algorand ought to change into Cardano’s sidechain. Hoskinson’s feedback got here in response to a video from Algorand CTO John Woods. Woods lately took to Twitter to speak about his funding in Algorand and the community’s future roadmap.
John Woods informed his followers about Algorand’s Proof of Stake consensus mechanism and defined its superior options. Within the video, Woods advises customers who select to take part in Algorand staking to not run staking nodes with greater than 50 million ALGO tokens. He additionally urged stakers to not focus greater than 20% of ALGO on a single machine.
Charles Hoskinson answered To Woods’ tweet recommending Algorand to change into a Cardano sidechain. The Cardano founders additionally provided to assist with the transition, telling the Algorand CTO that they have been at all times obtainable to assist with the method. The cryptocurrency neighborhood on Twitter had combined reactions to Hoskinson’s proposal.
The Cardano founder’s tweet was considered by almost half 1,000,000 customers. Some interpreted the supply as ironic, highlighting the issues dealing with Hoskinson’s community. Some steered that this could possibly be a real supply provided that Charles Hoskinson had beforehand expressed his curiosity in Algorand and praised founder Silvio Micali for his work. .
In a 2020 interview, Hoskinson named Algorand as one in every of his 9 favourite crypto initiatives. He mentioned on the time that Algorand and Cardano have been academically aggressive and grew by studying from one another. In a 2021 podcast with Rex Fridman, Hoskinson described the Algorand founder as a “good man” whose contribution to the universe was legendary.