Hoskinson Claims New Cardano Tool Will Outperform Solana In Network Speed

Cardano founder Charles Hoskinson has unveiled ambitious plans for a new Cardano tool that he claims will rival Solanas transaction processing capabilities while maintaining full decentralization, addressing one of the most persistent criticisms of the Cardano network.

Speaking during a recent interview with crypto analyst Scott Melker, better known in the crypto community as Wolf of All Streets, Hoskinson highlighted Cardanos upcoming Layer 2 solution, Leos, which he described as the first solution to the blockchain trilemma.

Were developing Leos, which is going to give us Solana-style speed but with full decentralization and no stalls, Hoskinson stated. He emphasized that this advancement would be complemented by Cardanos other scaling solutions, including Hydra and Midgard, an optimistic rollup system.

Notably, the blockchain trilemma refers to the challenge of simultaneously achieving scalability, security, and decentralization, a problem that has plagued many blockchain projects. While Solana has gained popularity for its high transaction speeds, it has faced criticism for occasional network outages, which Hoskinson quickly referenced.

You see Solana go down all the time yet were still there pushing through, and we dont suffer from any of that stuff, he added, highlighting Cardanos seven-year track record of uninterrupted operation.

Hoskinson further defended Cardano against what he described as persistent misconceptions about the networks capabilities. People say, Oh, theres one transaction per block; its just a lie year by year, transaction volume is increasing dramatically, and the systems been running for seven years straight, 24 hours a day, 7 days a week, with no downtime.

The Cardano founder cited independent metrics to support his claims about the networks strength, noting, The Edward decentralization index says that Cardano is the most decentralized cryptocurrency on the planet.

Beyond competing with Solana on speed, Hoskinson outlined a broader vision for Cardanos ecosystem, detailing plans to become the nexus of the entire UTXO DeFi ecosystem. This includes initiatives like Lightning Hydraa combination of Cardanos Layer 2 solution with Bitcoins Lightning Network and Midnight, a private smart contract platform.

Hoskinson expressed frustration at what he perceives as a lack of recognition for Cardanos achievements. It does get frustrating when you have the same conversation again and again they dont acknowledge what weve achieved, they dont acknowledge where weve been.

With a reported $1.5 billion on-chain treasury to fund development and strategic investments, Cardano appears well-positioned to deliver on these ambitious technical promises. If successful, Leos could represent a significant advancement in blockchain technology, potentially positioning Cardano as a major competitor in the high-performance blockchain arena currently dominated by networks like Solana.

The developments come as Cardano expands its utility across multiple fronts, including partnerships with Bitcoin-focused projects and real-world asset integration.

Text source: ZyCrypto

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