Charles Hoskinson, founder of Cardano (ADA), has engaged in a lively exchange regarding the blockchain’s progress and its comparison to Ethereum. Despite being a subject of satire, Hoskinson remains confident in Cardano’s trajectory and distinct advantages.
A fan’s commentary expressing skepticism about Cardano’s roadmap and likening it to Ethereum prompted Hoskinson’s response. He criticized Ethereum’s consensus layer and programming model, emphasizing Cardano’s distinct features. He stated that Cardano’s sidechain plans would be mutually beneficial for both Cardano and the sidechain.
It's getting delusion town now. Hydra is live on mainnet and evolving fast. Mithril is live as well and the first step towards a rich DA and light client strategy. We already designed a significantly better way of handling transactions via tiered pricing and Babel fees.
— Charles Hoskinson (@IOHK_Charles) August 17, 2023
Hydra’s Potential and Development:
Hoskinson showcased Hydra, Cardano’s layer-two solution using sidechains to enhance network capacity. He illustrated the potential for a million transactions per second by combining Hydra’s capabilities with stacking pools. Although the project is still in development, a mainnet-compatible Hydra node was released on May 11, 2023.
Hoskinson addressed concerns about Cardano’s utility by pointing out that the blockchain currently processes around 65,000 transactions daily, compared to Ethereum’s one million transactions in the past 24 hours. He affirmed Cardano’s resilience, asserting its continued relevance despite skepticism from various quarters.
Charles Hoskinson’s responses shed light on Cardano’s progress and differences from Ethereum. His insights emphasize Cardano’s unique offerings and its ongoing development, challenging doubts about the blockchain’s utility and future prospects.