Cardano development picking up pace, several ADA pilot projects currently in the works

In a surprise AMA session on Oct. 21, Charles Hoskinson, the CEO of IOHK, discussed the progress Cardano made in the past weeks, as well as the future of Cardano and ADA. Hoskinson answered questions asked by the Cardano community, where he revealed that the company has been working on several pilot projects that will bring Cardano to the masses.

After celebrating its second birthday earlier this month, Cardano seems to have picked up the pace.

Hoskinson began the AMA with a recap of all the things Cardano accomplished recently, beginning with its newly announced partnership with New Balance.

Earlier this month, Cardano's senior product manager David Esser explained that at a certain point before the launch, a snapshot of the entire Cardano blockchain will be taken in order to determine the number of users and the amount of ADA on it.

Cardano looking to spread to less-developed markets is old news, but Hoskinson said that the company has seen significant updates when it comes to its developments in Africa.

He believes the best way to do this is to create an investment banking product on Cardano, or even build a blockchain fund of ADA. The Cardano community bombarded Hoskinson with questions regarding other future projects, but he did not provide any details on the projects.

When asked when the Cardano debit card would launch, Hoskinson said that the card was part of the work of the Cardano Foundation and that an official announcement should come soon.

In the meantime, Cardano will continue to work closely with regulators, Hoskinson said.

Despite having one of the few functional blockchain products, Cardano is up against tough competition.

If not, it will keep submitting relevant research to aid the development of Cardano.