Cardano has announced the integration of XRP support into its Lace wallet, reaffirming its efforts to form partnerships in the crypto industry. Founder Charles Hoskinson has also shared plans for technology expansion and global presence.
XRP Support and Partnership
Lawyer John Deaton welcomed Cardano's decision to add XRP support to its Lace wallet by the end of the year. This announcement was made during Charles Hoskinson's speech regarding the company’s progress and future plans.
Deaton characterized the partnership as a significant step toward unity among active crypto communities. This move also indicates Cardano's emerging practice of forming partnerships within the digital asset ecosystem.
Governance and Regulation
During his update, Hoskinson addressed what he termed the Cardano Foundation's lack of active participation in key industry events and highlighted the importance of Intersect, a governance body, as an aid in achieving decentralized decision-making within the network.
He also dismissed adverse media reports, describing them as false claims of possible legal disputes with community representatives, indicating an interest in stabilizing Cardano's governance and countering external criticism.
Regulatory-wise, Hoskinson cited the Clarity Act as a key move toward creating a more transparent set of digital asset regulations.
Technological Innovations and Market Expansion
Hoskinson confirmed plans for an upcoming Asia tour covering Vietnam, Korea, Japan, and Singapore, aiming to promote the use of blockchain technologies in regions that have witnessed high levels of adoption.
On the technical front, he highlighted Hydra as a key scaling solution capable of supporting real-world demands. He also introduced the Laos protocol, a pipeline-based consensus system that attempts to scale without sharding. Together with Mithril and Genesis, Laos forms part of Cardano’s multi-layered approach to scalability.
Hoskinson's updates reaffirm Cardano's commitment to integrating partnerships, governance, and technology improvements to accelerate adoption. Deaton's optimism regarding Gemini's Mastercard highlights XRP's growing influence in the digital finance space.
