Cardano’s Charles Hoskinson Addresses Solana (SOL)

Cardano’s Charles Hoskinson Addresses Solana (SOL)

Charles Hoskinson believes that Solana could become a sidechain of the Cardano network. Check out the latest reports below.

Cardano’s CEO addresses Solana

During a new YouTube AMA session, Hoskinson addressed some sidechain partnerships and what they look like on Cardano.

“For six years now, we’ve been talking about this, thinking about this, pushing this forward, this concept that you have one main chain and a family of sidechains, and each and every one of them does different things. And the sidechains model of Cardano is that if a sidechain comes in and connects to Cardano, that sidechain is a partner of the main chain. The main chain provides security, it provides infrastructure, it provides an ecosystem and it provides liquidity.”

He continued and said the following:

“It’s listed on 200-plus exchanges, all these types of things, so you have all that scale, and in exchange for that, the partner chain, instead of paying its inflation to miners who are a nexus within that chain, it pays the inflation (the block rewards) to the stake pool operators and the ADA holders, because Cardano’s taking care of the security of the sidechain.”

At the end of last month, Cardano’s Charles Hoskinson had something important to say about the Twitter takeover by Elon Musk.

Cardano (ADA) creator Charles Hoskinson thinks Elon Musk “has every intention” of integrating crypto into Twitter, as the online publication the Daily Hodl notes in their recent article.

At a Web Summit Event this month, Hoskinson predicted that Musk’s Twitter ownership would bring crypto to 200 million people

He made sure to explain the fact that Twitter could integrate with one of Musk’s favorite cryptos, Dogecoin (DOGE). On the other hand, it’s also important to reveal that he noted that DOGE’s technology at the moment couldn’t scale to deploy to 200 million people.


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