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People Are Already Building Businesses Around Cardano’s Staking Functionality

Published 08/12/2020, 04:04 PM
Updated 08/12/2020, 05:40 PM
People Are Already Building Businesses Around Cardano’s Staking Functionality

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:

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