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Charles Hoskinson, the founder of Cardano, has embarked on a quest in search of an extraordinary object.
Cardano Founder Charles Hoskinson Embarks on an Extraordinary Expedition
Hoskinson shared his involvement on Twitter, in an expedition dedicated to finding a mysterious meteor of interstellar origin that made an entrance onto our planet’s surface back in 2014.
The United States Department of Defense confirmed the meteor’s extraterrestrial origins in 2019, and the Galileo Project, led by Harvard professor Avi Loeb and his student Amir Siraj, has taken up the task of locating this celestial visitor.
In a display of his unwavering curiosity and willingness to venture into the unknown, Hoskinson invested a substantial sum of $1.5 million in the Galileo Project earlier this year. Updating his followers on June 16th, he revealed his presence alongside the dedicated researchers on the shores of Papua New Guinea in the vast expanse of the Pacific Ocean.
Hoskinson conveyed the ongoing progress of the expedition in his Twitter thread. However, he admitted that much ground remained to be covered before they could deploy the sluice sled, an intriguing piece of equipment that promised to aid their search.
Meanwhile, Avi Loeb, another distinguished member of the expedition, has started a blog where he documents the daily developments and breakthroughs encountered in their project.
In a post published on June 16th, Loeb revealed an intriguing discovery—an enigmatic manganese-platinum wire with an abundance pattern that deviated from the standard commercial products available.
This ambitious project attracts attention not only for its search for a celestial artifact but also because of the underlying belief in the existence of extraterrestrial life shared by the scientists involved.
They hypothesize that the meteor that plunged into the depths of the ocean may, in fact, be a fragment from an unidentified flying object—a prospect that continues to inspire awe and curiosity.
From Resurrecting Woolly Mammoths to Navigating ADA Turbulence
Known for his enthusiasm in supporting unconventional endeavors, the Cardano founder’s investments extend to whimsical and thought-provoking projects. In March 2022, he disclosed his participation in an initiative dedicated to resurrecting the woolly mammoth, a creature long extinct. This project aims to integrate blockchain technology into the fascinating field of de-extinction, pushing the boundaries of what is considered possible.
While Hoskinson explores uncharted territories and invests in captivating projects, the performance of Cardano’s native cryptocurrency, ADA, has experienced some turbulence. Over the past few weeks, ADA’s value has witnessed a decline, with CoinMarketCap data indicating a loss of approximately 6.24% within the last week.
The bearish trend exhibited by ADA can be attributed to the ongoing legal battles faced by major cryptocurrency exchanges, namely Binance and Coinbase, against the United States Securities and Exchange Commission (SEC).
The resultant uncertainty and concerns among investors have prompted some to sell their cryptocurrency holdings, including ADA, as they tread cautiously in this shifting landscape.
Cardano Advances Towards Decentralization with Light Peer Sharing and Voltaire Era Focus
In a recent update, Cardano’s development team has revealed their progress towards achieving blockchain decentralization. They’ve introduced a feature called light peer sharing, allowing unregistered nodes to join the network and participate in data sharing. Although currently disabled, this feature demonstrates Cardano’s commitment to inclusivity.
Another focus for Cardano is the Voltaire era, which aims to revolutionize decentralized blockchain governance. Discussions have been held regarding the establishment of an initial Minimum Viable Governance framework, fostering participatory governance within the Cardano ecosystem.
Proposals such as CIP-30 and CIP-95 have also been introduced to empower ADA holders with voting capabilities, enabling them to democratically express their consent on governance matters.
Despite disruptive events within the ecosystem, Cardano remains steadfast in its mission of innovation, with decentralization at its core. However, the regulatory scrutiny faced by Cardano due to the SEC’s pursuit of ADA has had negative implications. ADA faced the potential delisting from Bakkt a couple days ago, a prominent U.S. trading platform, further intensifying the impact of regulatory challenges.
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