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Charles Hoskinson Announces PRAGMA for Scalability

With a focus on fostering a diverse ecosystem, PRAGMA is set to enhance the blockchain's resilience and scalability

April 23, 2024 05:43 PM

Reading time: 1 minute, 48 seconds

TL;DR Charles Hoskinson, the visionary behind Cardano, has announced the formation of PRAGMA, a groundbreaking open-source association to propel Cardano towards global scalability. This independent initiative signifies a significant step forward in realizing Cardano's ambition to be the financial operating system of the world.

A Vision for Global Scalability

Charles Hoskinson, the founder of Cardano, has recently expressed his enthusiasm for the launch of PRAGMA, an independent open source association. This initiative is crucial for Cardano, which aims to serve as the global financial operating system.

Hoskinson states, "Multiple clients and a diverse and resilient ecosystem of open source projects and utilities are required for a global scale protocol seeking to build the financial operating system of the world."

The Genesis of PRAGMA

The Cardano Foundation and partners such as Blink Labs, dcSpark, Sundae Labs, and TxPipe have unveiled PRAGMA. This new association is dedicated to building a robust ecosystem essential for the scalability and resilience needed globally.

Unlike other initiatives within the ADA community, PRAGMA operates independently and is not directly coordinated with governance bodies like IOHK.

Hoskinson elaborated on PRAGMA's independence, highlighting its potential to add operational resilience and a fresh perspective on Cardano's specifications.

PRAGMA's Mission and Projects

According to the official press release, PRAGMA aims to advance blockchain software projects and cultivate an alternative open-source ecosystem for ADA and potentially other blockchains.

Its initial focus includes projects like Amaru, a full node written in Rust, and Aiken, a smart contract platform designed to simplify and enhance smart contract development.

Sebastian Bode, a Board Member of PRAGMA, emphasized the collaborative spirit of this initiative, aiming for mass adoption of blockchain technology.

The Impact of PRAGMA on the Cardano Ecosystem

Frederik Gregaard, CEO of the Cardano Foundation, sees PRAGMA as a significant milestone in supporting the open-source maturity of the Cardano ecosystem.

By increasing the diversity and quality of blockchain solutions, Cardano expects PRAGMA to play a vital role in the ecosystem's development.

Looking ahead, PRAGMA plans to expand its membership to developers within the broader ADA ecosystem by 2025, fostering the emergence of innovative tools and technologies.

A New Chapter for Blockchain Development

The formation of PRAGMA marks a pivotal moment in the evolution of Cardano, with the potential to significantly impact the blockchain's adoption and functionality.

As this association begins its work, the broader crypto community will be interested to see how PRAGMA's initiatives will shape the future of blockchain technology.

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