In response to a recent poll on X (formerly Twitter), Cardano founder Charles Hoskinson says the recent ADA upgrades will make the network faster than Solana. Indeed, the latter is known as the fastest blockchain network available. Yet, Hoskinson expects that to change after recent developments.
The poll incited community debate on the budget for two different proposals. In Hoskinson’s response, he shared his expectations for Cardano and its most recent upgrade. Specifically, he noted that there is a clear focus for the platform to compete with some of the industry’s most prominent names.
Source: Securities.io
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Cardano to be Faster Than Solana? ADA Founder Says It’s Possible
Within the digital asset market, Solana stands alone in transaction speed. Indeed, the network was viewed as the Ethereum killer for this very reason. It brought traders a market that had unprecedented value in its transaction fees and unmatched speed. Therefore, establishing the blockchain as a market leader in this regard.
Yet, one blockchain is expecting to compete. Indeed, Cardano founder Charles Hoskinson has said that ADA can eventually become faster than Solana. Specifically, he responded to a poll asking users if they would rather fund the Rust note request or implement a Leios feature.
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In response, Hoskinson discussed both. “The rust node gives us no new differentiating features for users,” the founder said. “Leios makes us faster than Solana without losing decentralization,” he added. The statement is a significant one, as it showcases where Hoskindson and the development team see the network going.
The Ouroboros consensus algorithm, utilizing a proof-of-stake mechanism, allows Cardano to process more than 1,000 transactions per second. However, that pales in comparison to Solana, who can process 65,000 transactions a second through using proof-of-history and proof-of-staking in unison. Although it is not impossible for Cardano to compete, it does seem unlikely. That is especially true with the dominance SOL has embraced in recent years.
