Cardano is Working on a Microchip That Would Give Crypto a Cash-like Experience

Cointelegraph

Published May 21, 2020 06:00PM ET

Updated May 21, 2020 07:40PM ET

In a recent Cointelegraph interview, Charles Hoskinson elaborated on the crypto-native chip that IOHK is working at its blockchain lab at the University of Wyoming that may lead to many groundbreaking use cases, including a cash-like experience for cryptocurrency.

It all began when IOHK, the company charged with the development of Cardano (ADA), began exploring supply chain use cases and realized that there were no chips on the market that could satisfy its requirements — embeddability, ability to store cryptographic keys, and being inexpensive to produce:

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