This Is When Cardano Will Match Solana and Other Platforms in Terms of Scaling, According to Charles Hoskinson
Cardano (ADA) founder Charles Hoskinson envisions completing much of his personal outline for the project in 2022.
In a new interview with Crypto Capital Venture, the CEO of Input Output Hong Kong (IOHK) was asked what Cardano developments would be finished by 2022.
Replies Hoskinson,
“I think everything will get done that I outlined – the sidechains, the pipelining, the import endorsers, the library optimization, Hydra and Mithril.
Now there are degrees and flavors like there’ll be more Hydra stuff to do, but at least you’ll be able to use Hydra for something like microtransactions.
Mithril will be probably completely finished because it’s a finite scope of work, and we had to bring on some sophisticated contractors for it.”
Hydra is a layer-2 scalability solution that aims to enable a more efficient means of processing transactions off-chain, explains David Orr, a content creator at IOHK.
Mithril is a protocol that aims to help “users join the network with less technical overhead,” according to the Cardano Summit Organization website.
Hoskinson says in his new interview that while there will always be ways to improve Cardano, the upgrades in 2022 should allow it to match the technical elements of competing smart contract platforms.
“You can always optimize pipelining and do more in those heartbeats and the same for input endorsers – there are always ways to optimize that.
But some version of it will ship, and… I think we’ll be in an exceedingly strong position to match what we see with Solana and these other platforms, but have the added benefit of being actually decentralized and having real theory and strong foundations behind it.”
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The post This Is When Cardano Will Match Solana and Other Platforms in Terms of Scaling, According to Charles Hoskinson appeared first on The Daily Hodl.
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Author: Daily Hodl Staff
