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Tron Weekly

06/04/2024

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Cardano Founder Charts Course For Aggressive Scaling

You are here: Home / News / Altcoin News / Cardano Founder Charts Course for Aggressive Scaling Charles Hoskinson, founder of the Cardano blockchain outlined a bold vision for scaling the network. Considering...

Cardano Founder Charts Course For Aggressive Scaling

You are here: Home / News / Altcoin News / Cardano Founder Charts Course for Aggressive Scaling

Cardano

Charles Hoskinson, founder of the Cardano blockchain outlined a bold vision for scaling the network. Considering the ample resources in the treasury, he advocated for a strong pursuit of scaling initiatives, such as Leios, Hydra, and the ZK program subject to a community decision. While some community members lauded the founder’s commitment to building a secure, decentralized, and scalable blockchain, others cautioned against exhausting the treasury too quickly.

For those discussing scaling, there is enough money in the treasury to pursue an aggressive Leios, Hydra, and ZK program if the community wants to go in this direction. I’d advocate to continue the parallel approach given that we have the infrastructure and talent to do it. I also believe things could move very fast, given all the enhancements we’ve seen over the last 24 months.

Prominent Cardano pool member Rick Mc Cracken, for instance, expressed a desire for rapid scalability while underscoring the importance of careful treasury management to prevent potential adverse effects on Cardano [ADA] ‘s price. Another user has advocated establishing a scaling working group to streamline the prioritization process for the platform’s roadmap. The proposal aims to ensure that crucial updates, particularly those involving major breaking changes like Leios, are given precedence to facilitate seamless integration with downstream tools.

Cardano: First Prioritize Scaling Working Group

The emphasis on prioritizing significant updates underscores the importance of maintaining compatibility and continuity within the ecosystem. By addressing major changes first, the member stated that this minimizes disruptions and maximizes efficiency in the development process.

“Wen Intersect MBO scaling working group so that we can start prioritizing things for the roadmap? My personal take is that things with major breaking changes [i.e., Leios] need to be first so that the downstream tools can keep up.”

Cardano

Meanwhile, for ADA’a price action, a bounce is on the horizon. At present the top altcoin is being squeezed between the bottom of the triangle and the 50-day moving average. Market experts predict a retest of the upper trendline at $0.50 in the near term.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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