Cardano and Algorand – a match made in heaven?

Charles Hoskinson, the creator and CEO of Cardano, is not usually known for praising other cryptocurrencies. In his opinion, Bitcoin is “a religion” and not an ecosystem. He also believes that Bitcoin is technically outdated. Ethereum, the blockchain of which he is actually the co-founder, is also the focus of his criticism from time to time. Among other things, he criticizes Ethereum for its lack of scalability and its slow and complex development. But there are also cryptocurrencies that the polarizing Hoskinson can warm to. These include Bitcoin Cash. In May, he let the community vote on the hypothetical question of whether Bitcoin Cash should become a partner chain of Cardano. The majority voted in favor. Whether the question is just a PR stunt or a serious plan will probably be revealed in the future. But there is another crypto project that Hoskinson is “flirting” with – Algorand.

Hypothetical survey:

Do you want Bitcoin Cash to become a Cardano partner chain, upgraded with Useful Proof of Work Leios, NiPoPoWs and Ergo Tech, becoming the fastest and most useful Proof of Work chain ever built?

— Charles Hoskinson (@IOHK_Charles) May 4, 2024

Hoskinson praises Algorand

Back in August of this year, Hoskinson praised Algorand and expressed great interest in the crypto project’s blockchain technology. He also suggested a possible collaboration in the field of AI. Algorand could become a partner chain of Cardano, suggests Hoskinson. This would allow the potential of Minotaur, Cardano’s proof-of-stake/proof-of-work multi-asset consensus mechanism, to be fully exploited. Algorand is also not opposed to a collaboration with Cardano in principle. Algorand CTO Gary Malouf also said he was willing to talk. Both blockchains could complement each other, especially in the field of AI. AI and blockchain are practically made for each other, for example in data integrity and transparency.

Under the hood, Algorand’s technology combined with a useful proof of work tuned for AI inference would make it the largest decentralized AI powerhouse our industry has ever seen. It would be cool if it became a partner chain and pushed Minotaur to its limits. @JohnAlanWoods

— Charles Hoskinson (@IOHK_Charles) 23 August 2024

In the last 24 hours, the price of ALGO, Algorand’s native token, has risen by almost 8 percent. At the time of writing, the coin is trading at $0.1314. The price of ADA, also Cardano’s native token, has also risen in the last 24 hours, by around 6 percent. One coin currently costs $0.3504.

Leios upgrade at Cardano – will the blockchain soon be faster than Solana

In addition to Bitcoin and Ethereum, another of Hoskinson’s “enemies” is Solana. Like Cardano, the blockchain is considered an Ethereum killer. In the fourth quarter, Cardano is now planning to implement the Leios upgrade. This is intended to make Cardano even faster and more efficient. This could make the blockchain even faster than Solana. Cardano has now caught up with Solana in another area too. Snek.Fun, its own meme coin launchpad, has now also been launched on the blockchain. Shortly after the platform was launched, Cardano reached a record trading volume. However, the meme coin launchpads are also repeatedly criticized, especially when it comes to the sustainability of the projects launched there, because very few manage to generate sufficient market capitalization.

This is completely different with Pepe Unchained. The project managed to quickly raise 14 million US dollars with its ICO, which started in June this year. The project is fundamentally different from the many meme coins that have been thrown onto the market recently, also thanks to the launchpads. The coin has its own exclusive Layer 2.

Pepe Unchained – the meme coin with utility

With its own Layer 2, Pepe Unchained also solves the problems that the frog coin forefather Pepe struggled with: transaction speed and high gas prices. PEPU combines the best of both worlds. The fast transaction speeds and low fees of Layer 2 with the high security of Layer 1 Ethereum. In addition, the “Pepe Frens With Benefits” project was launched for groundbreaking dApps and other innovations that can use the new Layer 2. Developers just need to design their projects, submit a request for support and wait for the Pepe Council to vote. If the project is selected, it will be funded.

Become an Early Bird Investor now

The presale of Pepe Unchained is currently still running. Anyone who wants to get in as an early bird investor must connect a compatible wallet to the project’s website. One PEPU currently costs 0.00981 US dollars. Payments can be made with ETH, BNB or USDT. Payments by credit card are also possible.

Connect your wallet here and become a PEPU Early Bird Investor

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