Charles Hoskinson Says Cardano (ADA) Is A Tank With Lambo Speed. Here's why

At the Rare Evo 2024 conference, Charles Hoskinson, founder of Cardano, delivered a keynote address emphasizing the network’s robust architecture and impressive performance capabilities. He highlighted Cardano’s commitment to providing a secure, reliable, and high-performance blockchain, achieved through years of development and refinement.

Hoskinson noted that Cardano has maintained an exceptional track record of stability and uptime over the past seven years, earning its reputation as one of the strongest networks in the industry.

He compared Cardano’s strength to an armored tank and its speed to a Lambo. This comparison is a testament to the network’s ability to balance security and performance without compromising its core principles, which sets Cardano apart from other blockchains.

Technical Upgrades and Scalability Solutions

The founder discussed recent technical upgrades, including the Plutus V3 smart contract platform and Hydra, a layer-2 scaling solution designed to increase transaction throughput.

Hydra’s capabilities were demonstrated by running the classic game “Doom” on the network, achieving 35 frames per second, with every frame processed as a transaction. This demonstration highlighted Hydra’s potential to handle around a million transactions per second with 30,000 concurrent players.

Upcoming Events and Future Developments

Hoskinson announced an upcoming “Doom” deathmatch at the Cardano Summit in Dubai, where participants will compete for a $100,000 prize in USDM, Cardano’s stablecoin. This event aims to further showcase Hydra’s scalability and power, alongside other concurrent scalability solutions like rollups and ZK folds, being explored through Plutus V3.

We are on twitter, follow us to connect with us :- @TimesTabloid1

— TimesTabloid (@TimesTabloid1) July 15, 2023

Ouroboros Consensus Algorithm

The founder also mentioned the successful development of Ouroboros, Cardano’s consensus algorithm, refined to address the blockchain trilemma of security, scalability, and decentralization. Ouroboros has played a crucial role in establishing Cardano’s reputation as a secure and reliable blockchain.

Charles Hoskinson’s keynote address highlighted Cardano’s impressive strides in security and scalability, using the comparison of “a tank with a Lambo speed” to drive home his point.

The network’s commitment to providing a robust and high-performance blockchain has been demonstrated through its technical upgrades and scalability solutions. As Cardano continues to record more growth and development, it will further solidify its position as a leader in the blockchain industry.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

---

Follow us on Twitter, Facebook, Telegram, and Google News