Frederick Gregaard, CEO of the Cardano Foundation, presented the ambitious plans of the developers. According to the plan, in 5 years projects on the Cardano blockchain can attract 1 billion users.
According to the plans of the Cardano Foundation, at least three Fortune 500 companies will hold ADA in reserves by 2024, as well as use the capabilities of the Cardano blockchain. By 2026, the number of such companies should reach 10.
Frederik Gregaard said that thanks to the development of the ecosystem and the emergence of new projects, in five years the network will support applications for a billion users. For this, it is planned to release three more White Papers and stimulate the growth of the number of addresses.
In addition, by 2026, the Voltaire era should begin on the Cardano network, which will turn the blockchain into a completely independent structure. Users themselves will manage the development of Cardano.
As for shorter-term goals, according to Gregaard, in the near future the company plans to strengthen the possibilities of interaction with other blockchains. In addition, by 2022, about 50 banks will use Cardano’s capabilities.
As a reminder, Cardano currently does not support smart contracts. However, the function should appear already in September, and for this, at the end of May, the developers launched the first testnet called Alonzo.
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