Charles Hoskinson, the founder of Cardano, recently provided exciting insights into the future of scaling the ADA blockchain. Through a series of tweets, he emphasized that Cardano’s treasury is well-prepared with ample funds to implement a robust scaling plan, utilizing technologies like Leios, Hydra, and Zero Knowledge (ZK), if the community chooses to go in that direction. Hoskinson stated, “If the community wants to pursue an aggressive Leios, Hydra, and ZK program, there is enough money in the treasury to support it.”
Hoskinson advocates for a simultaneous scaling strategy, highlighting that Cardano’s current infrastructure and available talent enable the execution of multiple scaling initiatives concurrently. This strategy not only addresses immediate scalability needs but also lays the groundwork for future requirements.
Hoskinson’s optimism stems from the significant progress achieved over the past two years, which he believes has established a strong foundation for future developments. “Given all the improvements we have seen over the last 24 months, I believe things can move forward very quickly,” he expressed. Notable advancements include the Vasil update in September 2022, which enhanced Cardano’s smart contract capabilities through Plutus v2, and the Valentine update in February 2023, which introduced support for SECP256k1, a public key cryptography algorithm used by prominent cryptocurrencies like Bitcoin, Ethereum, and Binance Coin.
Hoskinson reiterates that there is enough funding available in the treasury to pursue an aggressive Leios, Hydra, and ZK program if the community desires. He strongly advocates for continuing the parallel approach, given the existing infrastructure and talent to support it.
As of the time of publication, the ADA price stands at US$0.4556, reflecting a 0.4% increase in the last 24 hours.
Disclaimer: The opinions expressed by the author or individuals mentioned in this article are solely for informational purposes and do not constitute financial or investment advice. Investing or trading cryptocurrencies carries the risk of financial loss.
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