Charles Hoskinson says Cardano (ADA) will have the same performance as Solana (SOL)

Charles Hoskinson says Cardano (ADA) will have the same performance as Solana (SOL)
фото показано с : invezz.com

2022-3-22 14:04

Charles Hoskinson, the founder of the Cardano blockchain, has said that the network’s performance would be boosted significantly this year. Hoskinson noted that Cardano (ADA/USD) would have the same performance as Solana (SOL/USD) by the end of the year.

Cardano launched smart contracts in September 2021 through the Alonzo hardfork upgrade. However, the network’s performance has been largely criticized. The first decentralized exchange (DEX) on Cardano faces major congestions after going live on Cardano.

Cardano’s to achieve Solana-like performance by the end of 2022

“This year, all these updates are coming that are massively improving the scalability and expressiveness of the system so that you’ll get the same type of performance you’re seeing from systems like Solana and so forth. Or at least in the same orders of magnitude,” Hoskinson said.

One of the eagerly awaited developments on the Cardano blockchain is the Basho scaling phase. This scaling phase was unveiled on Cardano through the blockchain’s roadmap outlined earlier this year.

Hoskinson noted that Cardano would focus on sustainability. This will allow the network to achieve efficiency, scalability, and growth at an organic speed while remaining operational.

Hoskinson further stated that Cardano was a self-reliant network. He noted that the network had a strong governance layer and a strong treasury system. Moreover, Cardano could print its own money, allowing it to fund its developments easily.

Hoskinson also mentioned the Mithril sidechain that will be interoperable with Cardano. He noted that it would “provide a stake-based threshold signature scheme that can be implemented as the protocol to solve chain synchronization, state bootstrapping, and trust issues in blockchain applications.”

Developments on Cardano

Significant developments are happening on the Cardano blockchain. One of these is the hard forks happening in June and October. These hard forks will bring several features to Cardano, including the Plutus upgrade.

In June, the Vasil hard fork will target DApp developers who want to bring pipelining into their applications. The Cardano founder believes that once these upgrades are implemented, they will increase the total value locked (TVL) on the Cardano blockchain.

The post Charles Hoskinson says Cardano (ADA) will have the same performance as Solana (SOL) appeared first on Invezz.

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cardano hoskinson performance usd year sol charles

Источник: invezz.com

cardano hoskinson → Результатов: 126


Откуда у Хоскинсона столько денег?

Основатель Cardano Чарльз Хоскинсон удивил всех новым признанием: оказывается, он потратил $450 млн из своих личных средств на развитие экосистемы Cardano. Хоскинсон создавал Cardano с нуля с 2017 года, и даже сейчас, несмотря на скептицизм и критику, продолжает инвестировать в свой проект.

2024-11-5 14:37


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2022-8-19 19:59


Cardano Founder Wants To Resurrect The Woolly Mammoth, How Does Blockchain Fit In?

Cardano founder Charles Hoskinson has shown interest in helping bring back the woolly mammoth by participating in an investment round that was just concluded. Hoskinson who was co-founder of Ethereum and later founded his own blockchain Cardano was one of the multiple investors that participated in an investment round in Colossal, to help them bring […]

2022-3-16 02:00


Фото:

Charles Hoskinson To Critics: There Are Already Thousands Of Assets Running On Cardano

Cardano creator Charles Hoskinson took to Twitter to blast critics who claimed that his forecast from July 2020 failed to materialize. At the time, Hoskinson predicted that there would be hundreds of assets on Cardano, thousands of DApps, and a series of interesting projects on the network within a year. While Cardano bulls have been […]

2021-7-6 18:04


Чарльз Хоскинсон рассказал, чем хорош Cardano

Создатель Cardano Чарльз Хоскинсон прокомментировал страх, неуверенность и сомнения (FUD), окружающие пятую по величине рыночной капитализации криптовалюту из-за её стремительного роста. Он раскритиковал критиков и скептиков за распространение слухов о том, что Cardano – это сеть призраков или платформа без реального варианта использования.

2021-3-24 12:58


Ethereum's first-mover advantage in capturing monopoly 'means nothing:' Cardano's Hoskinson

According to Cardano Founder Charles Hoskinson, Ethereum’s first-mover advantage will not be a threat to Cardano’s dominance as a blockchain. In a recent video on YouTube, the IOHK CEO revealed thThe post Ethereum's first-mover advantage in capturing monopoly 'means nothing:' Cardano's Hoskinson appeared first on AMBCrypto.

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