• Algorand is working on a new staking framework that could surpass Cardano and Ethereum.
• Charles Hoskinson has offered Algorand the opportunity to become a sidechain of Cardano, in order to strengthen its network.
• The community’s reaction to Hoskinson’s offer was largely positive, although some wondered if it was genuine or not.
Algorand Working on Major Upgrade
Algorand is currently working on a new staking framework that could potentially surpass both Cardano and Ethereum. John Woods, Algorand’s Chief Technology Officer shared exciting developments coming to Algorand, particularly its staking framework which would offer more individual incentives when compared with other networks.
Charles Hoskinson Proposes Sidechain Collaboration
In response to the update from Algorand’s CTO, Charles Hoskinson proposed that Algorand explore becoming a sidechain of Cardano, claiming that he is always ready to help. This isn’t the first time Hoskinson has suggested something similar; previously extending an offer of collaboration also Solana. It remains uncertain whether Algorand will take up his offer or not but if they do the partnership could be beneficial for the entire crypto space.
Community Reacts To Offer
The community’s reaction to Charles Hokinson’s offer was mostly positive albeit some questioned if he was genuinely interested in collaborating or just trying to stir up trouble again as usual. Nevertheless, it appears unlikely that this proposal will move forward due to mixed reactions from the community.
Benefits Of Potential Partnership
If Algorand does decide to pursue the potential partnership with Cardano then there may be great benefits for both networks as well as for the crypto space as a whole. It would give Algorand access to Cardano’s vibrant developer community which could help them transition their codes more easily and quickly while at the same time helping strengthen their network overall by leveraging off of Cardano’s codebase and technology stack.
At this point it is still too soon too tell whether or not this potential partnership betweenCardano and Alogrand will actually come into fruition or not however many are hopeful that it might happen since such collaboration can only bring good things for all those involved in one way or another.