Cardano: the founder of the crypto wants to partner with Kraken for a Layer-2

Cardano founder Charles Hoskinson has publicly stated that he wants to partner with Kraken’s crypto-exchange to develop a Layer-2 blockchain network. 

Cardano: Charles Hoskinson wants to partner with Kraken crypto-exchange to develop a Layer-2

Charles Hoskinson, founder of Cardano, posted a tweet stating his intention to be the partner sought by Kraken, for the development of a Layer-2. 

I’m game if you are https://t.co/Zryh679fMl@jespow PM me

— Charles Hoskinson (@IOHK_Charles) November 12, 2023

Basically, Hoskinson wants Kraken to consider Cardano among its list of candidates to develop a Layer-2 blockchain. 

And Indeed, Kraken recently decided to make a strategic leap into the world of layer-2 networks, in part to mediate the Base network, launched earlier this year and opened to the public in August, by competitor Coinbase. 

Among the candidates that appear to be on the list to collaborate with Kraken at the moment appear to be Polygon, Matter Labs and Nil Foundation. 

Not only that, in line with this growing interest in layer-2 solutions, Kraken has also posted a job opening for “Senior Cryptography Engineer.” 

Cardano as candidate to develop a layer-2 of the Kraken crypto-exchange

At the moment, Hoskinson is therefore asking the US crypto-exchange Kraken to consider Cardano in its search for partners, although it appears that Polygon, Matter Labs, and Nil Foundation are the favorites. 

Specifically, Kraken might consider Polygon as it pioneers Ethereum scaling solutions. And indeed, its Polygon PoS network and Polygon zkEVM, are the focus of attention in the blockchain space. Developers have a framework at their disposal to create their own blockchains with scalability and usability. 

Conversely, the US crypto-exchange could also consider Matter Labs, known for its zkSync layer-2 network, a technology offering designed precisely to facilitate layer-2 development. 

While these are just speculations, Kraken may also decide to agree to contact Hoskinson privately and see the details of a new collaboration with Cardano. 

In any case, what Kraken is aiming for is to compete with Coinbase’s Base, built on OP Stack in collaboration with Optimism. The layer-2 competitor, Base, has become the 10th most popular chain by total value locked, exceeding $300 million. 

ADA as the “foundation of trust for the entire crypto industry”

A week ago, during the Cardano Summit 2023 in Dubai, Hoskinson‘s speech reported the following words,

“Cardano (ADA) is the foundation of trust for the entire crypto industry.” 

Specifically, Hoskinson summarized Cardano’s journey since its inception, and described his vision for the project’s future, community governance, and the technologies within its ecosystem. 

Not only that, Hoskinson called what has been accomplished by the Cardano project over the past 7 years “remarkable,” adding that the project is still in its “early” stages. 

What the founder of Cardano wanted to emphasize is the resilience and reliability of the project, which has been operating without interruption for 5 years. 

These statements might be a bit far-fetched when considering Bitcoin and Ethereum as the main reference cryptos for the entire industry.