---
title: "Hoskinson reveals new code for Cardano, but $63M TVL exposes a gap"
url: https://thecoingazette.com/hoskinson-reveals-new-code-for-cardano-but-63m-tvl-exposes-a-gap/
date: 2026-10-19
modified: 2026-10-19
lang: en
author: "Coin Gazette Editorial"
description: "Charles Hoskinson is developing a new programming language for Cardano as the blockchain approaches a pivotal test of commercial demand. The Cardano founder said he is working with developer Lucas..."
categories:
  - "DeFi"
  - "Featured"
image: https://ml4qjcb2qgrx.i.optimole.com/w:auto/h:auto/q:mauto/f:best/https://i0.wp.com/thecoingazette.com/wp-content/uploads/2026/05/logo-with-slogan-1.webp?fit=1400,960&ssl=1
word_count: 77
---

# Hoskinson reveals new code for Cardano, but $63M TVL exposes a gap

Charles Hoskinson is developing a new programming language for Cardano as the blockchain approaches a pivotal test of commercial demand. The Cardano founder said he is working with developer Lucas Rosa, a software engineer at Input Output Global, on a language supporting intent-based transactions and proof-carrying data using Groth16 cryptographic proofs. The announcement follows Hoskinson's…

[Read the full story on CryptoSlate](https://cryptoslate.com/hoskinson-reveals-new-code-for-cardano-but-63m-tvl-exposes-a-gap/)

Understand the crypto stories that matter and what to watch next. [Get The Catalyst in your inbox](https://cryptoslate.com/newsletters/#newsletter-catalyst)