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Hoskinson appreciates eUTxO as an easy tool for Devs

Hoskinson appreciates eUTxO as an easy tool for Devs 3

Cardano’s founder appreciated the most important thing about the Unspent Transaction Output model of the Cardano Blockchain.

Charles Hoskinson is the founder of Cardano blockchain and also he is one of the co-founders of Ethereum blockchain. Charles is eagerly working with his crypto project Cardano to make blockchain technology a leading tool to overcome the issues faced by commercial sectors with traditional financial systems.

Recently Charles tweeted about the best thing about Cardano’s EUXTO model and noted that it is the easiest thing for the developers to get information on how this functions for Defi protocols. 

“The best part of EUTXO is that it exposes how little some DApp developers know about functional programming.”

Dogecoin co-founder Billy Markus responded to this tweet of Charles and indirectly joked about this tweet by taking reference to the past tweet of Charles. 

Defi projects inflow in Cardano blockchain ecosystem

Over the last 2-3 months, huge numbers of Defi projects are showing better interest in the Cardano’ Defi Blockchain ecosystem to launch highly secure and stable Dapps. 

However Cardano is still at the basic level of scalability and speed for the crypto transactions but still, its security level is appreciable. 

In the last week of June, the Cardano blockchain will go through Vasil Hardfork, which will further make Cardano a more efficient blockchain network. 

Through the latest tweet, Charles tried to hint to the blockchain industry’ developers to know perfectly about the feasibility to work with Cardano blockchain network.

Cardano (ADA) Price 

ADA is the native token of Cardano blockchain Network and right now this token is standing at 8th rank, in terms of 24 hours highest trade volume. 

The current price of the ADA token is $0.66 and this price is 11.45% down over the last 24 hours.

Hoskinson appreciates eUTxO as an easy tool for Devs 2

Read also: UK Court Recognizes NFTs collectibles as ‘Property’ in a legal case

Hoskinson appreciates eUTxO as an easy tool for Devs

 

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