1/4/21

Cardano: Interoperability with Litecoin and IOTA

Charles Hoskinson: Building Bridges on the Cardano Blockchain

Charles Hoskinson: Building Bridges on the Cardano Blockchain, Iota & Litecoin

According to Charles Hoskinson, CEO of Input Output Global, building interoperability with the Cardano blockchain is about collaboration, and must have community support of the project to be successful. Hoskinson believes it is only a matter of time for NiPoPoW proposals to be implemented -

"The advantage of NiPoPoWs is that they are special, they do not require much to enter and do not require dramatic changes to consensus or validation. You get a big bang for your money, you don’t lose security; it’s very rare in protocol-design to see something where you gain something and you don’t have to give up anything else for it."
 
If successful, other blockchain networks with similar consensus mechanisms, such as Zcash and Dash, could also implement it.

Input Output intends to focus on interoperability with the Cardano blockchain during the 1st and 2nd quarters of 2021, and will explore bridges with Litecoin & IOTA, however - 
 
"If the community does not support it, it is not worth anyone’s time to pursue an implementation because it would be void." 
 

 The Cardano Team
3 Entities supporting the Cardano Blockchain/ADA cryptocurrency are Input Output, Emurgo and the Cardano Foundation.
 Cardano Blockchain 3.0 ~ ADA Cryptocurrency

The Cardano Foundation, an independent-entity based in Switzerland, supervises the development of Cardano and its ecosystem; they are committed to protecting and promoting Cardano, and to advocating on behalf of the users and community of the protocol.
  
Input|Output is the engineering firm developing the Cardano platform, which has more advanced features of any protocol to date, and is the first to evolve out of a scientific philosophy. The large team of expert engineers and researchers, drawn from around the globe, began by deconstructing the concept of a cryptocurrency and incorporating a ground-breaking Proof of Stake Algorithm, Ouroboros. The IOHK team employed a first principles approach driven by peer-reviewed, academic research to build Cardano from the ground up.
  
Emurgo is a global blockchain technology company providing solutions for developers, startups, enterprises and governments integrating onto the Cardano blockchain. EMURGO develops enterprise-grade applications, builds developer tools, invests in startups, and provides blockchain education; the company has offices and manages projects in Singapore, Japan, the USA, India, and Indonesia.