Logo
Cardano Ecosystem

Zycrypto

09/16/2024

·

43 views


Hoskinson Says Leios Upgrade Will Make Cardano Faster Than Solana As Timeline for $15 ADA Price Is 'Revealed'

Cardano (ADA) founder Charles Hoskinson has said that the Cardano blockchain has the potential to surpass Solana in terms of speed if a key network upgrade is implemented. In an X post, Hoskinson expressed...

Hoskinson Says Leios Upgrade Will Make Cardano Faster Than Solana As Timeline for $15 ADA Price Is 'Revealed'

Cardano Now ‘Better Than Ever,’ Declares Ecosystem Dev Who Warned Of Catastrophic Testnet Issues

Cardano (ADA) founder Charles Hoskinson has said that the Cardano blockchain has the potential to surpass Solana in terms of speed if a key network upgrade is implemented.

In an X post, Hoskinson expressed his conviction in the benefits of the Leios upgrade on improving speeds on Cardano. This upgrade will be the second major one since implementing the Chang hard fork in early September.

Hoskinson compared the Cardano Rust node with Leios. The former is used to build wallet applications and boost interactions with Cardano. According to Hoskinson, while the Cardano Rust node served users, the Leios upgrade would offer more by increasing transaction throughput.

“The rust node gives us no new differentiating features for users. Leios makes us faster than Solana without losing decentralization…,” Hoskinson stated.

Hoskinson also shared a development roadmap for Cardano evaluating different scalability solutions, including Hydra and sidechains. He noted that efforts to roll out the Leios upgrade would be implemented in Q4 2024.

AdvertisementFollow ZyCrypto On Google News  

Nevertheless, the Leios upgrade has attracted mixed reactions from the crypto community. According to one X user, Cardano developers had failed to mention and drive attention to Leios in the past, with the upgrade only coming to the limelight when a community vote was underway.

“It’s shocking that Leios is only now getting serious attention. This should have been a top priority from the start, not just an afterthought when votes come into play. Your approach seems reactive rather than proactive & it undermines Cardano’s potential to lead in innovation,” the user stated.

Analyst Predicts Cardano Rally to $15 

The recent development comes as analysts predict that recent upgrades and technological developments on the Cardano blockchain could stir an ADA price rally to $15.

According to one analyst on X, the ADA price usually follows a cycle in which market pessimism is followed by a parabolic rally. This rally also happens around a year or two after the Bitcoin halving event.

(Source: TradingView) 

ADA was now in the third stage of this price cycle, which will likely see the price soar from $0.329 at the time of writing to $15. Per the analysis, this surge will likely happen in 2026-2027.

If ADA’s price follows these historical patterns, its market cap will soar to $500 billion, surpassing Ethereum

However, such gains will largely depend on the Cardano network usage. The Chang hard fork has stirred interest in the blockchain by making it more decentralized. Therefore, creating more projects on the network will boost ADA utility and drive gains.

AD

SNEKbot by DexHunter on CARDANO

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


Read Original Article on Zycrypto

ORIGINAL SOURCE

https://zycrypto.com/hoskinson-says-leio...

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 Zycrypto

See more
Cardano Hosts First Legally Enforceable Smart Contract In Argentina As Hoskinson Asserts ADA Isn’t Dying
Zycrypto
Cardano Hosts First Legally Enforceable Smart Contract In Argentina As Hoskinson Asserts ADA Isn’t Dying

yesterday at 9:58 AM

·

2 views

Related News

See more
Cardano Summit 2024

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)