Charles Hoskinson, the visionary behind the groundbreaking blockchain project Cardano (ADA), recently addressed concerns within the community regarding expansion in the ecosystem. Taking to his official account, Hoskinson commented on the community’s worries about scaling on the blockchain.
In his statement, Hoskinson reassured the Cardano community that the project’s treasury holds ample funds to support an aggressive scaling program for Leios, Hydra, and Zero Knowledge (ZK) technologies, should the community decide to proceed in that direction.
Furthermore, Hoskinson defended a parallel approach, emphasizing the importance of building a robust infrastructure and assembling a talented team capable of undertaking multiple expansion initiatives simultaneously.
“For those discussing expansion, there is more than enough funding available in our treasury to pursue an ambitious program centered around Leios, Hydra, and ZK, if the community desires. I strongly advocate for continuing with the parallel approach, as we possess the necessary infrastructure and talent to do so. Moreover, I firmly believe that significant progress can be made rather swiftly, given the remarkable improvements we have witnessed over the past two years,” Hoskinson stated.
Hoskinson’s assurance regarding scaling echoes his commitment to Cardano’s growth and development. The community can rest assured that Cardano’s treasury is well-equipped to support the implementation of cutting-edge technologies, while the parallel approach ensures that expansion efforts can be pursued simultaneously, maximizing efficiency and progress.
In a separate development, Charles Hoskinson recently unveiled a major upgrade to Cardano’s blockchain consensus protocol known as Ouroboros Genesis. This revelation has captured the attention of the crypto community, as it signifies a significant step forward for the platform. Hoskinson shared a suggestive GIF that symbolizes a renewal and demonstrates the community’s anticipation for this groundbreaking phase, which promises to enhance the network’s strength and scalability.
The Ouroboros protocol has undergone continuous refinement, starting with Ouroboros Classic and progressing through Ouroboros BFT and Ouroboros Praos. Each iteration has brought substantial improvements, and now, with the introduction of Genesis, these advancements will be consolidated. This latest design focuses on enhancing node security, a crucial aspect for new participants and those returning to the network.
It is important to note that the views and opinions expressed by the author and individuals mentioned in this article are solely for informational purposes and do not constitute financial or investment advice. Investing or trading cryptocurrencies carries inherent risks and may result in financial loss.
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