Cardano is in the spotlight with its founder, Charles Hoskinson, ready to lend his expertise to Kraken for the creation of a new layer 2 blockchain. In this race, major players such as Polygon and Matter Labs are also in competing, adding an exciting competitive dimension to the evolution of the crypto universe.
A possible collaboration for the creation of a layer 2 blockchain
Cardano founder Charles Hoskinson has come forward after Kraken expressed interest in collaborating with blockchain technology companies for its new layer 2 initiative.
Hoskinson made his interest clear to Jesse Powell, the president of the crypto exchange, on social media. We can actually see that he mentioned the founder of Kraken in a tweet published on November 13.
Kraken plans to partner with major players in the crypto world. These include Polygon, Matter Labs and Nil Foundation. And of course, Cardano, with its ADA crypto, is one of the potential candidates.
Cardano: Constant evolution of a booming crypto
Whether this partnership comes to fruition or not, the Cardano team has been working hard since the platform’s inception. It is actively working on its ecosystem, recently added the Nami wallet to its products. Despite some criticism, Hoskinson remains confident in the team’s progress.
In addition to this, Cardano has made significant advancements, including the Mithril 2 document and a strategic partnership with Polkadot. They are also exploring using Polkadot’s technology to create their own blockchain project.
Meanwhile, the ADA crypto continues its uptrend since October 19. At the time of writing, it is currently valued at $0.3715. Although it recently peaked at $0.3955, it has since declined by 6%. Nevertheless, the ADA crypto is still posting gains of over 50% year to date.
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