Cardano (ADA) founder answers questions

Cardano (ADA) founder answers questions: ‘Cardano will see a lot of traffic soon. Cardano (ADA) has been quiet for a while. However, this does not mean that the developers behind the project do not stand still! Last weekend, Cardano founder Charles Hoskinson held an Ask Me Anything (AMA) session on YouTube. He answered a series of interesting questions from the community in it.

One of the questions was about the Plutus Application Backend (PAB). This is a platform where developers can develop and maintain smart contracts more easily. According to Hoskinson, PAB is expected to launch this month. According to him, this could suddenly put huge pressure on the network as many developers will start working.

This led Hoskinson to the next big development, namely Hydra. Hydra is a scaling solution that dramatically increases the number of possible transactions per second on Cardano. Hoskinson explains that enabling sidechains will allow the launch of special-purpose chains, an important step: “It will be able to (soon) offload most of the transaction traffic from all future applications. With PAB coming online, Cardano is dealing with massive amounts of traffic. Hydra is a necessity for this…”

Also, the founder discussed the fear, uncertainty, and doubt (FUD) that has existed for some time. Cardano is accused of being able to process too few transactions and having a block size that is too small. For example, increasing the block size does not mean that larger smart contracts can be developed. But that’s not true: “It’s a lie… If you increase the amount of raw storage the block has, of course there can be more scripts in that block.”

Source: https://www.crypto-insiders.nl

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility.