Cardano CEO Proposes Partnership with Algorand for AI Innovations

Charles Hoskinson, the creator of Cardano, recently praised Algorand’s blockchain and suggested a potential partnership to advance decentralized AI technology.

He believes that combining Algorand’s platform with an AI-optimized proof-of-work system could position Algorand as a leader in decentralized AI.

Hoskinson has expressed enthusiasm for collaborating with Algorand to enhance Cardano’s Minotaur project.

Algorand’s CTO, Gary Malouf, showed interest in the proposal, indicating that this isn’t their first discussion about AI capabilities. IOHK’s CTO, Romain Pellerin, also welcomed the idea, though the partnership remains in preliminary talks.

READ MORE:

Bitwise Secures Multi-Million Dollar Institutional Boost Amid Crypto ETF Surge

Chang Hardfork Delay Cardano’s Chang hardfork, which aims to overhaul its governance model, has been delayed by four days to September 1. This update, crucial for launching the Voltaire era, has seen some criticism from Hoskinson towards major exchanges like Binance for not yet confirming their support.

Meanwhile, Cardano’s ADA token has risen 4% to $0.40, though the hardfork delay might affect its momentum.

Alexander Stefanov