At the Rare Evo 2024 conference, Charles Hoskinson, the founder of Cardano, made a bold statement about the blockchain’s resilience and speed. Hoskinson emphasized that Cardano’s robust architecture has evolved over the years, making the network too strong to falter. Hoskinson compared Cardano’s strength to an armored vehicle, stating, “Cardano doesn’t go down—it’s built like a tank, but it’s fast now, so it’s built like a Lambo tank.”
Balancing Security and Speed
Hoskinson’s analogy of a “Lambo tank” captures Cardano’s unique combination of security and speed. Unlike other blockchains, Cardano has improved without compromising its core principles. Hoskinson’s statement highlights Cardano’s dedication to maintaining a secure, reliable, and high-performance blockchain.
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Over the past seven years, Cardano has built a reputation for stability and uptime, solidifying its status as one of the most robust networks. To enhance speed and efficiency, Cardano introduced technical upgrades like the Plutus V3 smart contract platform and Hydra, a layer-2 scaling solution for increased transaction throughput. These innovations aim to make Cardano both secure and fast.
Hydra Demonstrates Massive Scalability
A key highlight of Hoskinson’s speech was the demonstration of Hydra’s capabilities. The team demonstrated Hydra’s potential by running the game “Doom” on the network, achieving 35 frames per second, with each frame processed as a transaction. This showed Hydra’s ability to handle a million transactions per second with 30,000 concurrent players, showcasing Cardano’s scalability.
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Over the years, Cardano has built a strong reputation for stability and uptime, solidifying its status as a robust network. To enhance speed and efficiency, Cardano introduced upgrades like Plutus V3 and Hydra, a layer-2 scaling solution.
Hoskinson also discussed Ouroboros, Cardano’s consensus algorithm, refined to address the blockchain trilemma of security, scalability, and decentralization.
