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- Cardano founder Charles Hoskinson believes that Algorand ought to develop into a Cardano sidechain.
- Hoskinson supplied to assist Algorand CTO John Woods along with his blockchain’s transition.
- The Cardano founder beforehand named Algorand as considered one of his favourite crypto tasks.
Cardano founder Charles Hoskinson believes that fellow blockchain community Algorand ought to develop into a sidechain of Cardano. Hoskinson’s remark got here in response to a video by Algorand’s chief know-how officer (CTO), John Woods. Woods took to Twitter just lately to speak about staking on Algorand and the community’s future roadmap.
John Woods informed his followers about Algorand’s proof of stake consensus mechanism and described its superior traits. Within the video, Woods suggested customers who selected to take part in Algorand staking not run a staking node with greater than 50 million ALGO tokens on it. He additionally requested stakers to not centralize greater than 20% of their ALGO on a single machine.
Charles Hoskinson responded to Woods’ tweet by recommending Algorand to develop into a sidechain of Cardano. The Cardano founder additionally supplied assist with the transition and informed the Algorand CTO that he could be accessible anytime to help with the method. The crypto group on Twitter had a combined response to Hoskinson’s provide.
The Cardano founder’s tweet was seen by almost half one million customers. Some interpreted the provide to be a sarcastic one and highlighted points confronted by Hoskinson’s community. Others identified that it might be a real provide, on condition that Charles Hoskinson beforehand expressed his curiosity in Algorand and has additionally counseled its founder Silvio Micali for the work he had performed.
In an interview in 2020, Hoskinson named Algorand as considered one of his 9 favourite crypto tasks. He acknowledged on the time that Algorand and Cardano had been academically aggressive and grew by studying from one another. In a 2021 podcast with Lex Fridman, Hoskinson described Algorand’s founder as a “vivid man” whose contribution to the area was legendary.