• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Charles Hoskinson: Cardano to Become the Most Secure Blockchain

user avatar

by Giorgi Kostiuk

a year ago

  1. Hydra Controversy
  2. Cardano Announcements


    3. During the Rare Evo 2024 conference, Cardano founder Charles Hoskinson made several statements regarding the network's security and upcoming updates.

    Hydra Controversy

    Hydra is a Layer-2 scaling solution designed for Cardano, aimed at boosting transaction throughput and ensuring cost efficiency without compromising security. Hydra Head serves as a foundation for more advanced scenarios by employing isomorphic, multi-party state channels, essentially functioning as an off-chain mini ledger shared between a small group of participants. Despite regular updates on Hydra's development and performance, community skepticism persists. Hoskinson highlighted Hydra's advantages, such as the ability to move assets on and off-chain seamlessly, and praised the team of developers currently working on updates.

    Cardano Announcements

    Hoskinson also made several announcements. According to him, a major update PlutusV3, which will bring new possibilities for applications built on Cardano, will be released within weeks. Another upcoming update is PGP encryption for wallet security. Hoskinson compared the 1991 technology to paper wallets, the latter being not safe enough. He also announced a $1 million bounty for hacking a secure wallet.

    Charles Hoskinson continues to strengthen Cardano's position in the market by focusing on network security and scalability. Significant updates are expected to potentially change community perception and increase trust in the platform.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

SpaceX Acquires xAI to Tackle AI Power Challenges

chest

SpaceX has acquired xAI, merging rocket launch services with AI development to tackle the limitations of Earth-based infrastructure.

user avatarDiego Alvarez

Starlink Revenue Expected to Fund xAI's Operations After Merger

chest

Starlink revenue is expected to support xAI's operations after its acquisition by SpaceX.

user avatarKenji Takahashi

BlockDAG Launch Dashboard Set to Go Live on February 2

chest

BlockDAG will launch a new dashboard on February 2, providing users with a fully integrated system for managing their investments and preparing for exchange access.

user avatarMaria Fernandez

Referral Strategies Become Key to Success in ZKP Auction Stage 2

chest

Referral strategies are crucial for success in the ZKP presale auction Stage 2 as token availability tightens.

user avatarRajesh Kumar

Stage 2 of ZKP Presale Auction Heightens Competition with Scarcity

chest

Stage 2 of the ZKP presale auction reduces daily token allocation, intensifying competition and emphasizing referral strategies.

user avatarLuis Flores

SPX6900 and Brett Gain Traction in the Meme Coin Market

chest

SPX6900 and Brett are gaining traction in the meme coin market with increased trading activity and community support.

user avatarGustavo Mendoza

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.