Here’s When Cardano (ADA) Will Rival Solana (SOL) in Performance, According to Cardano Creator Charles Hoskinson


Cardano (ADA) creator Charles Hoskinson is detailing a series of upcoming upgrades for the ninth-largest crypto asset by market cap that he says will result in massive performance improvements.

In a new video, Hoskinson says Cardano could achieve the same type of performance as Solana (SOL) and other smart contract-enabled blockchains later this year.

Track live crypto price of 10000+ coins!


“This year all these updates are coming that are massively improving the scalability and expressiveness of the system so that you will 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 says that some of Cardano’s new features will go live in June and October this year.

“June and October are going to be great months for us because those are the months where we’re turning a lot of new features on.”

According to the Cardano creator, ADA will be able to go toe-to-toe with competitors while also offering a strong and committed community.

“Not only do you get all the security, the correctness, the resilience and a great three-million person community but you also get the best of what competitors are bringing to bear.”

Hoskinson also says that for the next 12 months, Cardano’s biggest three priorities are achieving “commercial comparability, sustainability and self-determination.”

“In terms of commercial comparability, we focused an enormous amount of effort at the beginning of the project on correctness and scientific excellence… so we developed all of these protocols…

In terms of sustainability, you’d like a system that as it operates gets more efficient, more scalable and has the ability to grow at an organic pace. And the systems contain that same cost center and standard of performance that you come to know and love…

And then self-determination, which is unique to Cardano and a few others like Tezos (XTZ) is we have a great governance layer. You hold data, you can vote. And you can participate in the governance of the system.”

I

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

Related:  The “I Hate to Have Told You So” Moment With the Crypto Lending Industry | Viktor Tachev

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/wacomka/LuXiFeR Bowlo




Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: