Charles Hokinson Wants To Get Rid Of Cardano’s Official Wallet

The founder of Cardano, Charles Hokinson, came up with another creative idea that supports the growth of the DeFi blockchain system and upcoming challenges in cryptocurrency. Hoskinson shared his perspective on the new version of the certified Cardano wallet.

In an interview, he stated that Cardano wants to get rid of the old version of the original wallet. Instead, he wants a wallet with certain types of regulations and guidelines that allow the developers to create certified wallets.

Cardano wanted to have a community-centered platform where the developers had the ability to create certified wallets for the development of the Cardano blockchain. The proposed version of the Cardano digital wallet algorithm, “Daedalus Turbo,” is much faster than the current digital wallet. Cardano is a firm with leading engineers and technicians, which helps the platform in the growth of the company.

“We hope to get rid of the notion of an official wallet altogether and instead have a certified wallet versus a non-certified wallet. Under the certification standard, you can put functional and non-functional requirements, including benchmarking and performance requirements, for the user experience. It would be really cool to build some protocols to make things run faster.”

A Cardano wallet is used to send, receive, store, and manage Cardano cryptocurrency assets. The top best wallets available for Cardano for safe transactions are

  • Binance
  • Ledger Nano
  • Coinbase
  • Kraken
  • Gemini

“Our community is quite unusual because they understand we are operating here on a much longer-term horizon. We are trying to build a platform that can ultimately become a global operating system.”

“The Vasil upgrade heralds the dawn of a new era for the Cardano ecosystem and the decentralized finance space at large. The upgrade aims to improve the network’s scalability and enhance Cardano’s smart contract capabilities.

The Cardano firm’s growth increased steadily following the Vasil hard fork upgrade. But the price of Cardano has become upside down. It failed to show a positive sign in the ADA price, which is currently around $0.42 (USD).