• 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

Retail Options Trading Surges in 2026

chest

The financial landscape in 2026 has seen a significant increase in retail participation in options trading, driven by technological advancements and commission-free models.

user avatarZainab Kamara

Ripple CTO Discusses XRP Ledger Hub and Amendment Process

chest

Ripple's CTO David Schwartz discusses the XRP Ledger hub and the implications of the amendment process for validator power and governance.

user avatarSon Min-ho

Lighter LIT Users Encounter Withdrawal Problems

chest

Lighter LIT users are currently facing withdrawal issues due to processing speed problems, receiving error messages about too many Layer2 withdrawals.

user avatarAyman Ben Youssef

Polkadot and Cardano Experience Significant Weekend Gains

chest

Polkadot (DOT) rose by 6% and Cardano (ADA) gained 42% over the weekend, marking significant progress in the cryptocurrency market.

user avatarTando Nkube

Coinbase's Listing Process and Market Impact

chest

Coinbase's rigorous listing process reflects the maturation of the cryptocurrency industry, impacting market perceptions of the LIGHTER token.

user avatarKofi Adjeman

Bittensor Experiences First Halving Event

chest

Bittensor completed its first halving event in December as part of a plan to cap its token supply at 21 million, similar to Bitcoin.

user avatarNguyen Van Long

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.