Will Cardano now work with IOTA and Litecoin?
- Hoskinson is "optimistic" about Litecoin
- There should be talks with IOTA co-founder Dominik Schiener soon
Already at the end of 2020 there were talks between Charles Hoskinson, the inventor of the crypto currency Cardano and CEO of IOHK, and David Schwartz, the director of the Litecoin Foundation, that Cardano and Litecoin would have a so-called "Velvet Fork" in connection with the non-interactive proof of Work (short: NiPoPoWs) should implement. It would then be possible to make changes, with the users making the decision whether to accept or ignore them.
"There is still no big news because Litecoin is a cryptocurrency that does not adapt quickly to change," said Hoskinson. He would see this as a “feature and not a bug”. Tests are already planned for the next few months. "I am optimistic," says the Cardano inventor.
Talks with IOTA co-founder Schiener are also planned
There is also news with a view towards IOTA. Dominik Schiener, a co-founder of the cryptocurrency, wants a meeting with Hoskinson soon to build a bridge that will connect Cardano and IOTA. "But we have to make sure that there is enough support from the community at all," says Hoskinson, who is still a little cautious about this topic, and is almost cautious.
A cooperation with Cardano could of course give IOTA a boost. That would also be necessary because the IOTA price remained below expectations in 2020 back. But there are still no concrete plans; that is, primarily there will be a cooperation between Cardano and Litecoin, so you should definitely take a look at the price development of these two crypto currencies.