Cardano

Algorand

Cardano and Algorand may be close to cementing a sought-after partnership that might see a part of their chains merge. Since at least last year, Cardano Founder Charles Hoskinson has been sharing a proposal for Algorand to merge as partnerchain. The conversation took a new twist on X recently, with Gary Malouf, the Chief Technology Officer at Algorand, <a href="https://x.com/GaryMalouf/status/1827107617308577820" target="_blank" rel="noopener noreferrer nofollow">responding</a> in the affirmative.
<h2 class="wp-block-heading" id="h-cardano-and-algorand-match-made-in-heaven">Cardano and Algorand: Match Made in Heaven?</h2>
The Cardano Founder hailed Algorand’s innovative technology in the recent X post. He said the Proof-of-Stake (PoS) network is fronting a “useful proof of work tuned to AI inference.”
According to Charles Hoskinson, this combination will likely make Algorand the greatest decentralized AI powerhouse in the industry. Furthermore, Hoskinson proposed that it would make sense for Algorand to become a partner chain. With his proposition, he sees the Minotaur innovation pushed to its limits.
For reference, the Cardano Partner Chain innovation was introduced in November last year. It aims to offer Layer 1 protocols an avenue to benefit from Cardano’s strengths and amplify their uniqueness. This model is related to the Polkadot Parachains. However, it comes with its uniqueness.
The Minotaur innovation combines the strength of PoS and Proof-of-Work (PoW) consensus models. This helps any protocol flourish, regardless of its underlying model. With the right environment, Algorand may fit positively in with Cardano as a Partner Chain. The respective network leads are now open to the idea.
<h2 class="wp-block-heading" id="h-cardano-and-algorand-may-shun-competition-to-advance">Cardano and Algorand May Shun Competition To Advance</h2>
The duo of Cardano and Algorand were designed to correct the flaws inherent in Ethereum. While both have evolved over the past few years alone, Hoskinson believes merging their strength might help expedite their evolution.
Responding to his open proposal, Gary Malouf noted that he’d love to hear more about what Hoskinson has in mind. He confirmed that this is not the first time the parties will discuss the overlap of AI capabilities.
It remains to be seen how the parties will advance the conversation about the partnership. Notably, Algorand Foundation’s CTO John Woods has also responded to the “Let’s talk” follow-up post from the Cardano Founder.
The members of the community are particularly impressed with the likely partnership. One X user, Michael Lesser, issued the vote of confidence on Charles Hoskinson, writing,
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 “John I don’t know you but if you get a chance to work with Charles take it. His ability to think through problems and his knowledge base are the best I’ve ever encountered.”
</blockquote>
<h2 class="wp-block-heading" id="h-the-right-time-for-cross-chain-expansion">The Right Time For Cross-Chain Expansion</h2>
This potential partnership between Cardano comes as the protocol is just entering a new era through the Chang Hard Fork. Although this upgrade <a href="https://www.thecoinrepublic.com/2024/08/24/cardano-shifts-chang-hard-fork-launch-heres-why/" rel="noopener noreferrer nofollow">faces a slight launch delay</a>, it will usher in a community-driven governance system once it goes live.
If both choose to merge, this will also help amplify Algorand’s strengths as a decentralized protocol. Since both protocols command a very low share in the Decentralized Finance (DeFi) ecosystem, this alliance might prove to be mutually beneficial.
This partnership may also trigger enhanced price action for both coins. <a href="https://www.thecoinrepublic.com/price-prediction/algorand/" rel="noopener noreferrer nofollow">ALGO Price</a> was worth $0.1423, down 1.93% in 24 hours. <a href="https://www.thecoinrepublic.com/price-prediction/cardano/" rel="noopener noreferrer nofollow">ADA Price</a>, on the other hand, is worth $0.3814, with a 3% slip within the same time frame.
The post <a href="https://www.thecoinrepublic.com/2024/08/25/cardano-algorand-eyeing-potential-decentralized-ai-partnership-details/" rel="noopener noreferrer nofollow">Cardano, Algorand Eyeing Potential Decentralized AI Partnership: Details</a> appeared first on <a href="https://www.thecoinrepublic.com" rel="noopener noreferrer nofollow">The Coin Republic</a>.

Cardano, Algorand Eyeing Potential Decentralized AI Partnership: Details

Table of Contents

Thecoinrepublic.com

Other articles published on Aug 25, 2024

Cryptocurrency Market Sees Significant Altcoin Gains

ETF Weekly Recap: Only Inflows for Bitcoin but Ethereum Products Register Longest Outflow Streak

Bitcoin Nears All-Time High

PEPE or NEIRO Has the MEME Appeal? Is MoonBag the Best Crypto Presale of 2024?

Bitcoin’s Weekly Surge Lifts Altcoins

Could BlockDAG Be Your $640K Success Story, Just Like Bitcoin for a Houston Housewife?

Join our free newsletter for daily crypto updates!