The founder of Cardano ($ADA) Charles Hoskinson has seemingly seen a comment from a cryptocurrency investor touch a nerve after they threw shade at Cardano\u2019s developmental trajectory and alleged parallels with Ethereum.<\/p>\n
In response to a cryptocurrency investor who suggested Cardano is following Ethereum\u2019s roadmap but was \u201ca few years behind,\u201d Hoskinson said \u201cit\u2019s getting delusion town now,\u201d and added that the Cardano community is \u201cliving rent-free in the maxi minds.\u201d<\/p>\n
On the topic, Hoskinson added:<\/p>\n
Ethereum has a dumpster fire of a consensus layer, has a terrible programming model that they can\u2019t change, and are getting eaten alive by their own layer 2 ecosystem. Cardano\u2019s sidechain plans mutually benefit both Cardano and the sidechain.<\/p>\n
or context, in March 2020, the Cardano Foundation unveiled an insightful research paper detailing Hydra, Cardano\u2019s Layer 2 scaling solution. \u00a0Matthias Benkort, Technical Director of Open Source Development at Cardano Foundation, has described Hydra as an open-source framework designed to create off-chain ledgers, thereby enhancing the efficiency of blockchain usage.<\/p>\n
Developed jointly by the Cardano Foundation and IOG, Hydra is a state-channel solution that allows for fast-paced transactions on a private network, known as a Hydra Head. The transactions can then be settled on the main Cardano chain, making the results of the interactions available to the rest of the network.<\/p>\n
Hoskinson has commented on the Hydra Head, saying simulations \u201chave shown that each \u2018Hydra head\u2019 can currently process about 1,000 transactions per second (TPS). With 1,000 stacking pools, each processing 1,000 TPS, Cardano could very well reach a throughput of a staggering one million transactions every second.\u201d<\/p>\n
As CryptoGlobe reported, the total value locked on Cardano\u2019s decentralized finance (DeFi) ecosystem has recently reached a new milestone above the 600 million $ADA mark, with the amount of the network\u2019s native tokens locked on DeFi applications having tripled since the beginning of the year.<\/p>\n