Cardano Will Match Solana In Terms Of Scaling, Charles Hoskinson Says

Cardano’s founder Charles Hoskinson envisions the future of Cardano and it could not be brighter.

In a new interview with Crypto Capital Venture, Hoskinson was asked what Cardano developments would be finished by 2022.

Hoskinson replied the following:

“I think everything will get done that I outlined – the sidechains, the pipelining, the import endorsers, the library optimization, Hydra and Mithril. Now there are degrees and flavors like there’ll be more Hydra stuff to do, but at least you’ll be able to use Hydra for something like microtransactions.”

He also said this:

“Mithril will be probably completely finished because it’s a finite scope of work, and we had to bring on some sophisticated contractors for it.”

Hydra is a layer-2 scalability solution that aims to enable a more efficient means of processing transactions off-chain, said David Orr, a content creator at IOHK, as the online publication the Daily Hodl notes.

Mithril is a protocol that aims to help “users join the network with less technical overhead,” according to the Cardano Summit Organization website.

Cardano to be improved in 2022

Hoskinson also said that there will always be ways to improve Cardano. He explained that the upgrades in 2022 should allow it to match the technical elements of competing smart contract platforms.

“You can always optimize pipelining and do more in those heartbeats and the same for input endorsers – there are always ways to optimize that.”

He continued and said:

“But some version of it will ship, and… I think we’ll be in an exceedingly strong position to match what we see with Solana and these other platforms, but have the added benefit of being actually decentralized and having real theory and strong foundations behind it.”

Regarding the price of ADA these days, at the moment of writing this article, ADA is trading in the green, and the coin is priced at $1.27.

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I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.