The eleventh-largest cryptocurrency by market cap, Cardano (ADA), is like an ‘iceberg’ with a huge impact expected soon. At least that’s the word according to Charles Hoskinson.
In a tweet on February 22, co-founder of Cardano Hoskinson, who is also an Ethereum alumnus, told the Cardano community to brace themselves for something big that is coming in the next few months.
“Next Two Months Are Going To Be Wild!”
In his tweet, Hoskinson recounted how he met with his product managers to discuss Cardano’s progress so far, new ideas and also what is soon to happen in the market. Following these discussions, he noted that Cardano is like an iceberg.
To put matters in a simpler context, Hoskinson opined that there are so many developments happening behind the scenes in the Cardano ecosystem. And just like an iceberg, a huge impact is in order. He portends that the next two months will be “wild”.
As reported by ZyCrypto, Cardano successfully deployed Ouroboros Byzantine Fault Tolerance (OBFT) protocol recently. This hard fork brings the Cardano blockchain nearer to Shelley which will introduce a Proof-of-Stake (PoS) consensus algorithm. Moreover, this update is a stepping stone to shifting Cardano to a fully decentralized blockchain.
Notably, the successful deployment of OBFT is a huge feat and comes only a few weeks after Cardano rolled out Shelley incentivized testnet. This testnet confirmed that Cardano will be able to effectively reward users with real ADA once the ‘Shelley era’ is finally here.
Going by Hoskinson’s words, it’s a good reason as any to keep an eye on Cardano over the next two months. ADA is valued at $0.060 at press time, with a 4.55 percent gain in the last 24 hours.