Logo
Cardano Ecosystem

Blaze Trends

08/18/2023

·

172 views


Cardano founder takes a stand against critical fans

Cardano (ADA) founder Charles Hoskinson is known for his open views. On X, the former Twitter, a user voiced his criticism of the developments surrounding Cardano and was confronted with harsh backlash. The critic goes under the name 0xNLY.arf on About the comparison answered Hoskinson negative. According to him, Ethereum has a terrible consensus layer, […]

Cardano founder takes a stand against critical fans

Cardano (ADA) founder Charles Hoskinson is known for his open views. On X, the former Twitter, a user voiced his criticism of the developments surrounding Cardano and was confronted with harsh backlash.

The critic goes under the name 0xNLY.arf on About the comparison answered Hoskinson negative. According to him, Ethereum has a terrible consensus layer, a terrible programming model, and the network is being “eaten” by itself. layer 2 ecosystem.

It’s becoming a mad city now. Hydra is active on the mainnet and is evolving rapidly. Mithril is also live and is the first step towards a comprehensive DA and light client strategy. With tiered pricing and Babel fees, we’ve already developed a much better way to process transactions.

There are…

— Charles Hoskinson (@IOHK_Charles) August 17, 2023

Hydra: Cardano’s path to high-speed transactions

Hoskinson claims that Cardano can become the fastest crypto network in the world with Hydra. Instead of executing transactions directly on Cardano’s main blockchain, Hydra uses a private network called Hydra Head. This allows for fast transactions that are later settled through Cardano’s main blockchain. Each Hydra head acts as an off-chain “mini ledger” shared by a small group of participants. This significantly speeds up transactions and reduces costs. The American emphasized that the scaling solution can currently process more than 1,000 transactions per second. In the future it could be 1 million.

Hydra Pay is then another decentralized payment service based on the Hydra Head protocol. Scheduled for launch in 2023, it promises to revolutionize Web3 micropayments with even cheaper and faster processing than is currently possible.

Cardano is a ghost chain

Cardano is often criticized on social media. This is how the network comes to the term “ghost chainwas thrown at him because there was little activity on the network for a while. Here, too, Charles Hoskinson reacted violently. Regarding X, he emphasized that Cardano “will stay here”. In response, he shared a post from Stake with Pride detailing issues Cardano has yet to experience, such as hacks and inflation bugs — issues that other blockchains have faced.

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on Blaze Trends

ORIGINAL SOURCE

https://blazetrends.com/cardano-founder-...

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.


An image that says Learn Blockchain technology and get ahead in the industry with a link to the Cardano Academy.

More from Blaze Trends

See more
Cardano Spotlight: Network Experiences Explosive Growth
Blaze Trends
Cardano Spotlight: Network Experiences Explosive Growth

09/05/2023

·

237 views

Related News

See more

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)