People Are Already Building Businesses Around Cardano’s Staking Functionality

Sounds like Cardano is already contributing to the gig economy.

In a recent Cointelegraph interview, Aparna Jue, a product director at IOHK, the Cardano (ADA) development company, opined that even at the current stage of its development, the platform is much more than just a wallet.

Cardano recently migrated from the Byron to the Shelly era, ushering in decentralization through the introduction of staking pools. However, the platform does not yet have smart contracts or a decentralized governance module. While Charles Hoskinson promised that smart contracts will be implemented before the end of 2020, Jue told Cointelegraph that even now, she considers Cardano a success. She noted that Cardano is already contributing to the gig economy as pool operators are creating businesses around staking pools:

“This could be a way of the future where you could be at home and you can run a proof-of-stake protocol and you can earn some rewards for it. And a lot of our pool operators are doing just that and trying to figure out how to help them make a business out of it. So to me, that’s already started the success for Cardano and a proof-of-stake system.â€�

However, Jue said that in addition to working on the codebase for the Goguen upgrade, there are other more mundane tasks at hand. One of these tasks is facilitating a developer community that wants to build decentralized applications using Plutus — a Haskell-based language used by Cardano’s smart contracts:

“If we don’t understand the types of tool flows and how they like to build then just putting that functionality on-chain, It’s going to be attacking a very small subset of expert developers. And we want this to be a platform that a lot of people can use.â€�

No official release date for Goguen has been announced, though according to Hoskinson, it will launch in 2020.

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