Cardano’s Wild Plan: Selling Security Like Hotcakes! 🍰💰

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In a rather cheeky livestream, the illustrious Cardano founder, Charles Hoskinson, unveiled a rather audacious plan for the blockchain’s future. Picture this: monetizing its rock-solid security by selling it off to other blockchains! Yes, you heard that right! It’s like selling ice to penguins! 🐧❄️

Cardano: The Security Supermarket! 🏪

Now, Hoskinson, with a twinkle in his eye, proclaimed that Cardano’s proof-of-stake (PoS) system is as secure as a vault in a bank! “Why build a fortress when you can rent one?” he quipped. “It’s a $25 billion price tag over two years… and let’s be honest, building a network with this level of security is like trying to bake a soufflé in a hurricane!” 🌪️🍰

Enter the concept of Active Validated Services (AVS), where blockchain networks can rent security from the big boys, like Cardano. It’s like borrowing a cup of sugar, but instead, you’re borrowing a whole fortress! “Look at EigenLayer and Karak,” he said, “they’re already cashing in on this model, and it’s attracting more investment than a cat video on the internet!” 🐱💸

“We’re turning Cardano into a universal AVS layer, just like Karak,” he declared, rubbing his hands together with glee. “The value proposition? Oh, just a casual tens of billions of dollars!” 💰💰

And what’s in it for Cardano’s stake pool operators (SPOs)? Well, they’ll be swimming in multiple revenue streams, earning tokens that they can either convert back into ADA or hoard like a dragon with its gold! “They can convert those tokens back into ADA, or they can keep them in their own right, and the Cardano treasury can also get them if it’s appropriately designed,” he explained, sounding like a wizard revealing a spell! 🧙‍♂️✨

Multi-Resource Consensus: The New Fangled Idea! 🤔

But wait, there’s more! Hoskinson also spilled the beans on another grand idea: multi-resource consensus! Imagine combining different consensus mechanisms—like proof-of-stake and proof-of-work—into one big happy family! It’s like a party where everyone’s invited, and no one gets left out! 🎉

“What if the U.S. government buys all the ADA and attacks us?” he pondered, scratching his chin. “Well, what about the hash power or something else?” It’s like asking, “What if the sky falls?” But fear not, for this integration would not only fortify the network but also open doors to new applications, including AI and social media! “Layering multiple consensus algorithms is super cool because it’s really hard to shut down!” he exclaimed, as if he’d just discovered chocolate! 🍫

As Cardano gears up for its next big adventure, Hoskinson promised to keep the world updated with more videos discussing the roadmap and the rationale behind these whimsical decisions. “I’m going to be talking a lot about the roadmap and why these things are there,” he said, sounding like a kid in a candy store! 🍬

At press time, ADA was trading at a delightful $0.8184. Who knows what mischief Cardano will get up to next? Stay tuned! 📈

2025-02-15 00:42