• 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

99% of Web3 Projects Fail to Generate Revenue, Reveals Tiger Research

chest

A report reveals that 99% of Web3 projects are unprofitable, highlighting a structural flaw in the blockchain ecosystem.

user avatarLucas Weissmann

Structural Flaws in Web3 Fundraising Models Exposed

chest

Tiger Research identifies critical structural flaws in Web3 fundraising models, highlighting issues like misaligned incentives and speculative funding that threaten the industry's future.

user avatarFilippo Romano

Understanding the Historical Context of Iranian Protests

chest

Iran has a history of protest movements, with current unrest reflecting economic dissatisfaction and political unrest.

user avatarTomas Novak

Pepecoin (PEPE) Faces Liquidity Challenges Amid Market Stagnation

chest

Pepecoin (PEPE) is facing liquidity challenges and resistance in its price movement amid market stagnation.

user avatarLeo van der Veen

Mutuum Finance (MUTM) Emerges as a New Player in Decentralized Lending

chest

Mutuum Finance (MUTM) is gaining traction as a decentralized lending platform focused on actual platform activity, currently in presale with over $19M raised and more than 18,800 holders.

user avatarMaya Lundqvist

Ethereum Whale Completes Strategic Exit at Bitstamp

chest

A major Ethereum investor has completed a five-year investment strategy by moving their final 26,000 ETH to Bitstamp, realizing a profit of $269 million.

user avatarKaterina Papadopoulou

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.