Published: Apr 2, 2025 at 02:40 PM
Updated: Apr 2, 2025 at 02:10 PM
- ADA Founder Charles Hoskinson promises Solana-style speed on Cardano.
- This speed without sacrificing decetralization comes with the latest Leios Upgrade.
- Hoskinson believes Cardano is finally ready to deliver long-term utility.
Cardano is one of the most recognized names in the crypto industry. As one of the legacy blockchains to have been established in the dawn of the web3 era, Cardano is a highly reputed network, especially now with its steady upgrades making it a much more promising ecosystem. Most recently, Cardano and ADA Founder Charles Hoskinson, promises Solana-style speed on Cardano with its latest Leios Upgrade.
Charles Hoskinson, unlike Ethereum’s Vitalik Buterin, took a slow and steady approach to Cardano’s development. He envisioned Cardano to be a platform built through peer reviews to ensure that every aspect is vetted before a testing phase so that mainnet launched would be completely ready to take on real-world use. Thanks to this slow and steady approach, Cardano has progressed tremendously without any major complications.
In fact, Cardano’s show and steady approach have allowed it to build with precision and adaptability based on the rapid evolution of the crypto, blockchain, and web3 space. Over the years, Cardano has launched a myriad of upgrades taking Cardano from a simple ecosystem to one that is home to several applications working towards interoperability and making it a highly reputed ecosystem.
Out of the more recent updates, Cardano projects began to enjoy smart contract deployments following many other promising launches. Now, Hoskinson is hinting at the next upgrade to bring on another highly promising feature which is speed. In detail, he is promising Solana-style speed. As we know Solana come to be to beat out ETH and its slow transactions. Now, if Cardano can promise this Solana-style speed on its platform, activity on Cardano will likely skyrocket and invite more users onto the blockchain.
This promise of Solana-style speed will come in the form of the blockchain latest upgrade known as Leios. To highlight a few of its promises, the Leios Upgrade aims to match Solana’s speed without sacrificing decentralization, stability, or uptime. This upgrade, Hoskinson expects, will have Cardano ready to lead Bitcoin DeFi by supporting UTXO-based assets with smart contracts.
Moreover, the new and improved Cardano blockchain, following the Leios Upgrade will allow over 1,000 DRwps and a $1.5 billion treasury. Finally, Cardano will be focused on resilience, governance, and long-term utility, much like Hoskinson planned since he embarked on this journey to improve the longevity of blockchain ability. Cardano has been one of the most slow-building blockchain in the industry, leading many traders to drop ADA out of impatience and frustration, but it seems that long-term ADA holders are preparing to reap their long-awaited rewards.
Tags:ADA Altcoin Blockchain Bullish cardano Charles Hoskinson Crypto market cryptocurrency
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