A naukri.com initiative
Bitcoinist
2w
52
Image Credit: Bitcoinist
Cardano Founder: Leios Will Bring ‘Solana-Style Speed With Full Decentralization’
- Cardano founder Charles Hoskinson shared details about Cardano's upcoming scalability upgrade, Leios, aiming to provide Solana-style speed with full decentralization.
- Leios, a key part of Cardano's scaling strategy, enhances the base layer's throughput while maintaining decentralization and uptime, challenging other Layer 1 protocols.
- It builds upon Cardano's EUTXO data model and implements parallelization and efficient transaction handling for faster processing without compromising on decentralization.
- Hoskinson highlighted the importance of decentralization and network resilience, contrasting Cardano's flawless uptime with Solana's periodic outages and centralization concerns.
- Leios, coupled with technologies like Hydra and Midgard, forms a modular scaling stack geared towards future user demand while prioritizing resilience and governance.
- Cardano aims to be a decentralized alternative to chains like Solana, focusing on performance parity, governance, and self-sovereignty in its development.
- Hoskinson discussed Cardano's role in Bitcoin DeFi, emphasizing its computational layer capabilities operating under Bitcoin's security guarantees and enabling Babel fees for BTC transactions.
- Cardano's architecture positions it as a liquidity hub for UTXO-based assets, potentially becoming a central ecosystem for Bitcoin, Litecoin, and Dogecoin DeFi activities.
- Hoskinson addressed criticisms about Cardano's perceived lack of hype cycles, emphasizing the blockchain's focus on real-world use cases and infrastructure support over short-term trends.
- Cardano continues to expand its DApp count, transaction volumes, and TVL annually, prioritizing sustainable growth and long-term value creation in the blockchain ecosystem.
Read Full Article
3 Likes
For uninterrupted reading, download the app