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Oasis Network (ROSE) Pumps 64% amid Collaboration with Meta Platforms

The Oasis Network (ROSE) pumps 64% in seven days as the overall cryptocurrency market trades in the bullish zone. The crypto market gained more than 4% in value, pushing the total market cap above $1.1 trillion. Bitcoin, the market’s most valuable cryptocurrency, was trading near $23,000 after rising by more than 3% in the previous week.

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Oasis Network (ROSE) Price Review

The current Oasis Network price is $0.085, with a 24-hour trading volume of $173 million. Oasis is now ranked #87 on the market and has a market value of $428 million.

Oasis Network (ROSE) was one of the top performers among the top 120 cryptocurrencies by market capitalization. However, the ROSE network’s gains were short-lived as the cryptocurrency market lost its positive momentum.

ROSE fell below the $1.1 trillion mark at the beginning of the month. The reason could be the recently released negative GDP in the United States. It raises the possibility of a technical recession and could lead to a cryptocurrency sell-off.

Oasis Network (ROSE) Pumps 64% amid Collaboration with Meta Platforms

The Oasis Network (ROSE) is a top-layer 1 platform that helps programmers build robust platforms in a variety of industries, including Decentralized Finance (DeFi) and Non-fungible coins (NFT). Oasis has been used to create leading blockchain systems.

Among the most well-known initiatives in the ecosystem are the Fountain Protocol, Kyber Network, Wormhole, and Multichain. The price of Oasis Network increased significantly. Most of the uptrend was triggered following a contract between the developers and Meta Platforms, the parent corporation of Facebook, Instagram, and Whatsapp.

The partnership’s main goals will be to evaluate the firm’s products for fairness while protecting individual privacy. It also includes Secure Multi-Party Computation to protect the data that users provide to Meta (SMPC). Meta Platforms will also use the Oasis Network to ensure the fairness of its AI models. The collaboration will benefit Meta Platforms, which is currently experiencing difficulties.

According to company statistics released this week, revenue and earnings fell for the first time since the company went public a few years ago. As a result, this was viewed as one of the major deals on which Meta Platforms and Oasis Network are collaborating.

Weaker US Dollar and a Bearish Crypto Market

The cryptocurrency market fell below the $1.10 trillion mark reached the previous week, resulting in losses for the most popular altcoins, including Oasis Network (ROSE), Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), and Ripple (XRP).

In contrast, the bearish bias of the broad-based US dollar was seen as one of the key factors that helped Oasis prices limit their losses. As a result, the broad US dollar fell to a new six-week low as traders predicted that the Federal Reserve would defer tightening monetary policy in the event of a US economic downturn.

The most recent University of Michigan survey, closely followed by Fed policymakers, revealed declining consumer inflation expectations, causing the dollar to fall even further at the end of the previous week.

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Who is Charles Hoskinson?

Today we take a deep dive into the life of the beloved and hated founder of Cardano, Charles Hoskinson. COVERED: Introduction: Charles Hoskinson Bio Early Life and Career Cardano Hoskinson’s Philanthropy INTRODUCTION: Charles Hoskinson Bio Charles Hoskinson is a Colorado-based mathematician and technology entrepreneur. He is most notably known as a co-founder of Ethereum and::Listen

Today we take a deep dive into the life of the beloved and hated founder of Cardano, Charles Hoskinson.

COVERED:

  • Introduction: Charles Hoskinson Bio
  • Early Life and Career
  • Cardano
  • Hoskinson’s Philanthropy

INTRODUCTION: Charles Hoskinson Bio

Charles Hoskinson is a Colorado-based mathematician and technology entrepreneur. He is most notably known as a co-founder of Ethereum and the founder of Cardano. Both of these networks are among the world’s most popular cryptocurrency networks. He is also the CEO and founder of IOHK (Input Output Hong Kong), which is the company behind the Cardano blockchain.

Hoskinson began his career in blockchain with Bitshares and Ethereum, but after some disagreements regarding the vision, he left Ethereum. His current claim to fame is Cardano and its parent company IOHK. Cardano is a blockchain that is in direct competition with Ethereum. What makes Cardano unique is its scientific foundations. Hoskinson frequently engages with the crypto community via YouTube.

Recommended: Michael Saylor Calls Cardano A Security; Charles Hoskinson Responds

EARLY LIFE AND CAREER

Hoskinson attended the Metropolitan State University of Denver and the University of Colorado, Boulder “to study analytical number theory before moving into cryptography through industry exposure.” Crypto reporter Laura Shin reported that he left his university before completing his PhD. Hoskinson has denied the claim.

Hoskinson started off in a consulting role but quit his job in 2013 to focus on crypto and its potential.

Before Cardano, his professional experience included two blockchain-related start-ups, including Invictus innovation (the company behind Bitshares) and Ethereum. Bitshares was developed by him in 2013, which was an early decentralized exchange platform. In the same year, he founded an online school called the “Bitcoin Education Project,” where he met Vitalik Buterin, and together (along with several co-founders), they started Ethereum.
Though Hoskinson was initially the CEO of Ethereum, he didn’t stay very long in the company and left the project in June 2014 after a dispute over whether the project should be commercial (Hoskinson’s view) or a non-profit (Buterin’s view).

After that, he was approached by Jeremy Wood, a former Ethereum colleague. Together with Jeremy, Hoskinson started their own blockchain project called Input Output (IOHK), a third-party development company that builds blockchains for academic institutions. Currently, he is the CEO of IOHK, and its mission is to supply financial services for over 3 billion people around the world who lack a transparent and equitable financial and governance system. The most notable project of IOHK is Cardano which is a blockchain and smart contract platform that uses its own cryptocurrency called ADA.

CARDANO

IOHK is an Engineering Company that builds cryptocurrency and blockchains for corporations, academic Institutions, or government entities. It has a diverse, geographically distributed team of engineers, scientists, business professionals, and open-source collaborators. The core responsibilities of the foundation are to supervise the development of Cardano and its ecosystem.

cardano

Under Hoskinson, IOHK began to work on the Cardano blockchain, which is its key project, and it hosts the ADA cryptocurrency. Cardano carried out its ICO (Initial Coin Offering) in 2017 and raised $63 million for its ADA token. In September 2017, IOHK launched the Cardano blockchain, and ADA quickly began to rise in value. By January 2018, it achieved a market cap of $32 million, making it the fifth largest coin. This achievement cemented Cardano’s position as one of the significant competitors of Ethereum on the market.
Though Cardano is quite similar to Ethereum in that, it is intended as a network for smart contracts and blockchain programs, Hoskinson’s vision for Cardano was slightly different. He wanted it to be built on top of solid scientific and mathematical foundations. As Hoskinson took inspiration from history to create Cardano’s image. Cardano itself is named after the famous 16th-century Italian mathematician Gerolamo Cardano. Similarly, the parts of its ecosystem are also named after famous historical figures like Lord Byron, Ada Lovelace, Matsuo Basho, Voltaire, etc.

For security purposes, IOHK chose Haskell as the programming language of Cardano. Haskell is a very secure programming language because it enforces certain safe coding practices and is widely used in industries like finance and defense contracting.
In 2017, IOHK sponsored several blockchain technology labs around the world, including the University of Edinburgh, Tokyo Institute of Technology, and University of Wyoming. This resulted in the Ouroborous blockchain consensus protocol. To help Cardano scale and achieve optimal performance, IOHK has developed Ouroborous. This protocol combines the efficiency of proof-of-stake consensus with the security of Bitcoin mining.

HOSKINSON’S PHILANTHROPY

Hoskinson has also focused on providing educational resources throughout his career. He was the founder of the Bitcoin Education Project and has also served on the Bitcoin Foundation’s Education Committee. In recent years, Hoskinson has discussed blockchain education with the Government of Barbados, while his colleagues at IOHK have taught people to code in Ethiopia. He has also been critical of the growing energy consumption problem inherent to Bitcoin and the negative impact it creates regarding climate change. He claims that Cardano is far more energy efficient than Bitcoin. Hoskinson has been a consistent advocate of blockchain and has been instrumental in changing people’s perceptions of cryptocurrencies and blockchain technology.

Recommended: Charles Hoskinson v. Elon Musk

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Thanks for reading our Charles Hoskinson bio. Let us know what you think about him in the comments below.

The post Who is Charles Hoskinson? appeared first on CryptosRus.

Oasis Network (ROSE) Pumps 64% amid Collaboration with Meta Platforms

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