Cardano founder Charles Hoskinson says the Cardano (ADA) treasury has ample funds to support an ambitious scaling program involving Leios, Hydra, and Zero-Knowledge (ZK) technologies. He gave the assurance in an X post to address the community’s concern on scalability.
The Cardano Strategic Deployment of Scaling Technologies
As per the statement, Hoskinson emphasized, “For those discussing scaling, there is enough money in the treasury to pursue an aggressive Leios, Hydra, and ZK program if the community wants to go in this direction.”
For those discussing scaling, there is enough money in the treasury to pursue an aggressive Leios, Hydra, and ZK program if the community wants to go in this direction. I’d advocate to continue the parallel approach given that we have the infrastructure and talent to do it.
I…
— Charles Hoskinson (@IOHK_Charles) June 2, 2024
Notably, Hoskinson advocated for a different approach as he suggested that Cardano has the necessary infrastructure and talent to undertake multiple scaling initiatives simultaneously. This strategy would allow the blockchain to meet immediate scaling needs while preparing for future boom.
The Cardano founder also expressed confidence in the blockchain’s ability to quickly scale given the advancements recorded over the course of the past two years. These advancements include upgrades to the functionality and overall security architecture.
“I also believe things could move very fast, given all the enhancements we’ve seen over the last 24 months,” Hoskinson noted.
Recent Advancements, Upgrades and Community Reactions
Specifically, some of the important upgrades include the Vasil Upgrade in September 2022. This helped in improving the functionality, performance, and scalability by enhancing Cardano’s smart contract capabilities through Plutus v2. The Valentine upgrade in February 2023 added support for SECP256k1, the cryptographic algorithm used by Bitcoin, Ethereum, and Binance Coin.
Hoskinson’s statement sparked reactions from the ADA community. Dave (@ItsDave_ADA), a Cardano Development & Dex Enthusiast agreed, noting that scaling is relative to the dapps being able to also scale and be as “performant” as possible. He maintains that many dapps are currently not performing optimally, though there is rapid improvement.
Another community member, Tech Investor stated, “To those who still don’t get it. His goal was to build a secure decentralized scalable blockchain that it’ll sustain itself for many decades to come, and he did it.”
Tech Investors insists that the essence of decentralization is for the entire Cardano community to be responsible for the future of the blockchain.
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