The founder of the Cardano (ADA) network, Charles Hoskinson, is optimistic about the future of this popular altcoin. According to Hoskinson, the network has ample financial resources to support further developments, he shared via the social media platform

The Cardano network has made a fund available to developers, intended to promote innovation and growth of the project. According to Hoskinson, these funds provide a competitive advantage over competing smart contract projects. ADA holders within the community have the opportunity to vote on which projects receive funding, encouraging both development and community involvement.

Rapid developments

According to Cardano Network founder Charles Hoskinson, the ADA Fund has sufficient resources to support intensive development of Leios, Hydra and a ZK program, should the Cardano community choose to do so. Hoskinson shared this information on social media platform X:

“For those talking about scaling up, there is enough money in the coffers to pursue an intensive Leios, Hydra and ZK program if the community wants to go this way,” Hoskinson said on Platform

Good news for the ADA rate

These new developments can significantly stimulate the growth of the Cardano network. For example, the realization of Hydra and Leios can make the network a lot faster, which means that it can process more transactions at lower costs.

This can attract new users, leading to greater demand for ADA and eventually a price increase. Although the popular altcoin is currently disappointing in terms of price performance, that could change quickly if Hoskinson is to be believed:

“I also believe that things can move very quickly, given all the improvements we have seen over the last 24 months,” Hoskinson noted.

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