• 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

2 years 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

New Privacy-Focused AI Tools Launched

chest

Several new AI tools have been launched that prioritize user privacy and data security.

user avatarMaya Lundqvist

Companies Opting Users into AI Training Without Consent

chest

LinkedIn and Google have been found to opt users into AI training without explicit consent, raising ethical concerns.

user avatarLi Weicheng

Massive Data Leak from Misconfigured Chatbot Database

chest

A security researcher discovered 300 million messages from 25 million users in a publicly accessible database due to a misconfigured backend.

user avatarLeo van der Veen

Institutional Adoption Could Propel XRP Price to $8

chest

Institutional adoption is seen as a key factor that could drive XRP's price to $8, especially after the SEC lawsuit settlement.

user avatarAisha Farooq

Settlement of SEC vs Ripple Lawsuit Boosts XRP Investor Sentiment

chest

The settlement of the SEC lawsuit against Ripple in 2025 has led to increased investor confidence and a rise in XRP's price.

user avatarTenzin Dorje

Trump Media Technology Group Reports Significant Financial Losses

chest

Trump Media Technology Group reports a net loss of over $700 million due to volatility in digital assets.

user avatarBayarjavkhlan Ganbaatar

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.