During a keynote at Rare Evo 2024, Charles Hoskinson, the founder of Cardano, disclosed several significant updates for the Cardano blockchain. Addressing a diverse audience, including developers, stakeholders, and enthusiasts, Hoskinson outlined the next steps for Cardano in technology development, governance, and global outreach.

Insights into Cardano’s Future Roadmap

Hoskinson introduced Plutus V3 as the focal point of his presentation, the latest version of Cardano’s smart contract platform set to bring improved functionality and enhanced security features. He also discussed Hydra, Cardano’s layer-2 scaling solution designed to significantly boost the network’s transaction throughput. Hoskinson highlighted Hydra’s mechanics, focusing on its use of the extended UTXO model for efficient and secure transaction processing.

The keynote also shed light on governance advancements within the Cardano ecosystem. Hoskinson revealed plans for establishing a large decentralized autonomous organization (DAO) to oversee a substantial digital treasury. This DAO will operate on a governance model that combines a constitutional committee, stake pool operators, and elements of liquid democracy.

Emphasizing Cardano’s global reach, Hoskinson shared insights into engagements with governmental and academic entities in Argentina, underscoring the global interest in blockchain technology. He also hinted at the upcoming Cardano Summit in October, teasing a challenge to demonstrate Hydra’s capability to handle one million transactions per second through a live multiplayer Doom game session.

In wrapping up the keynote, Hoskinson reiterated his commitment to advancing blockchain technology through research and community-driven innovation. He emphasized the resilience and expanding capabilities of the Cardano ecosystem, expressing a collective goal of simplifying, accelerating, and improving cryptocurrency adoption globally.

Currently, ADA is trading at $0.3734.