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06/03/2024

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Hoskinson on Cardano Scaling: Funds Available for Leios, Hydra, and ZK Programs - Crypto Economy

TL;DR Charles Hoskinson, founder of Cardano, expressed optimism about the rapid progress in the scalability of the platform. Charles discussed the availability of sufficient funds in Cardano’s treasury to...

Hoskinson on Cardano Scaling: Funds Available for Leios, Hydra, and ZK Programs - Crypto Economy

TL;DR

  • Charles Hoskinson, founder of Cardano, expressed optimism about the rapid progress in the scalability of the platform.
  • Charles discussed the availability of sufficient funds in Cardano’s treasury to finance an aggressive scalability program with Leios, Hydra, and Zero-Knowledge (ZK).
  • Cardano emphasizes the importance of addressing immediate scalability needs while planning for future demands.

Charles Hoskinson, the founder of Cardano, has expressed optimism about the platform’s potential for rapid progress in scalability. In a recent statement on Twitter, Charles addressed concerns within the ADA community about scalability, highlighting that Cardano’s treasury has sufficient funds to finance an aggressive scalability program with Leios, Hydra, and Zero-Knowledge (ZK) if the community decides to do so.

Hoskinson emphasized the importance of adopting a parallel approach, noting that Cardano has the infrastructure and talent necessary to undertake multiple scalability initiatives simultaneously. This strategy would allow the blockchain to address immediate scalability needs while planning for future demands.

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…

— Charles Hoskinson (@IOHK_Charles) June 2, 2024

Hoskinson expressed confidence in accelerated progress due to significant improvements made in the platform over the last 24 months. These enhancements have built a solid foundation for Cardano’s future development. Charles specifically mentioned the Vasil upgrade in September 2022 and the Valentine upgrade in February 2023, which have improved Cardano’s functionality, performance, and scalability.

cardano hoskinson blockchain

Hoskinson Wants Cardano at the Forefront of Blockchain

Hoskinson’s statements sparked many reactions within the ADA community, with many members commenting on the importance of scalability and proper management of Cardano’s treasury funds. Rick McCracken DIGI, an ADA stake pool operator, expressed a desire to see rapid scalability but also noted the importance of avoiding rapid depletion of the treasury, as this could affect ADA’s price.

Cardano is committed to continuous development and actively works to improve its platform to meet the changing needs of the crypto ecosystem and closely follow advances in blockchain technology. With a solid technical and financial foundation, ADA strives to stay at the forefront of innovation and provide a scalable and secure solution for its users.

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