Charles Hoskinson explained that the Cardano network has better potential to surpass the Solana network in terms of speed, but a new upgrade is needed.
Charles Hoskinson is a well-known crypto entrepreneur, recognized for his contribution to the Ethereum project in 2013. After Ethereum, he began working on his blockchain network, Cardano, which was launched in 2017. Currently, Cardano is a top rival to Solana and Ethereum in terms of adoption and stability.
On 16 Sep 2024, Hoskinson discussed the Cardano network’s improvements, stating that the “Leios Upgrade” will make Cardano faster than the Solana blockchain without sacrificing its decentralized nature.
He indirectly claimed that, in terms of speed, the Cardano blockchain will soon surpass Solana, while also criticizing Solana’s decentralization.
This upgrade will be the second major update since the Chang hard fork, which was implemented in early September.
Hoskinson compared the “Cardano Rust node” with the Leios upgrade. The Rust node has been used to build wallet applications and enhance interactions with the Cardano network. Hoskinson mentioned that while the Rust node has been useful, the Leios upgrade will offer even more by significantly increasing the network’s transaction throughput.
Hoskinson believes the rollout of the Leios upgrade will happen somewhere in Q4 2024.
Some crypto X users expressed their disappointment, questioning why the Cardano founder hadn’t emphasized the importance of the Leios upgrade earlier, given its significance.
Recently, a crypto analyst shared his prediction on Cardano’s native token, ADA. According to his analysis, ADA is currently in the third stage of its price cycle, which could see the price rise from $0.33 (at the time of writing) to $15. This surge is expected to occur in 2026-2027.
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