• 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.

chest

Other news

Nexchain's Structured Pricing Attracts Users Seeking Predictable Returns

chest

Nexchain's stage-based structure offers a fixed price of $0.116 in Stage 29, providing users with predictable conditions during volatile market periods.

user avatarMaria Fernandez

Daily Gas Revenue Distribution Enhances Long-Term Participation in Nexchain

chest

Nexchain's automatic reward system redistributes 10% of gas fees daily to NEX holders, promoting long-term engagement.

user avatarDiego Alvarez

Testnet 20 Gains Traction as Nexchain Enhances User Experience

chest

Testnet 20 is fully active and continues to receive strong attention from users tracking new crypto presale progress.

user avatarKenji Takahashi

Bithumb's Proactive Measures Amid BOA Security Concerns

chest

Bithumb has taken proactive measures to ensure user security amid security concerns affecting BOA tokens, including a temporary suspension of BOA deposits and withdrawals.

user avatarRajesh Kumar

Bithumb Issues Critical Investment Warning for BOA Tokens

chest

Bithumb has issued a critical investment warning for BOA tokens due to identified security issues.

user avatarGustavo Mendoza

Coinbase Partners with Sui for Zero-Fee Stablecoin Payments

chest

Coinbase partners with Sui to enable AI agents to make instant, zero-fee USDC payments.

user avatarMiguel Rodriguez

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.