As a seasoned crypto investor with years of experience navigating the volatile world of digital currencies, I’ve learned to keep a keen eye on developments that could potentially disrupt the status quo and provide significant returns. The recent debate within the Cardano community about the allocation of a 20 million ADA monthly budget has caught my attention, especially with Charles Hoskinson’s endorsement of the Leios protocol.
In a recent survey within the Cardano community, individuals were asked to contemplate the distribution of a monthly budget amounting to 20 million ADA tokens. Two suggestions were presented: one proposal aimed at establishing a Rust node requirement that would consume 11 million ADA, while another advocated for the implementation of the Leios protocol, requiring 12 million ADA.
It’s noteworthy that Charles Hoskinson, the founder of Cardano, paid attention to the ongoing discussion. He endorsed the Leios protocol instead of the Rust node and elaborated on why it’s crucial for the network’s future.
The Leios protocol represents a fresh, captivating approach for enhancing the functionality of the Cardano blockchain. It leverages the Ouroboros Praos consensus mechanism as a foundation and demonstrates the potential for further decentralization, coupled with increased speed within our blockchain system.
According to Hoskinson, Leios pledges to match Solana’s transaction speed while maintaining the fundamental decentralization values inherent to the Cardano network.
Using the Rust node doesn’t offer unique, distinguishing benefits for users compared to other options. On the other hand, Leios outperforms Solana in terms of speed without compromising on decentralization.
— Charles Hoskinson (@IOHK_Charles) September 15, 2024
In simpler terms, this new method separates the process of confirming transactions (validation of blocks) from the process of adding them to the blockchain (extending the blockchain). This separation leads to a fresh idea called “input endorsers,” which opens up new possibilities and extends Cardano’s functionalities beyond its current limits.
All in all
it weakens the network’s decentralization. The Leios protocol, on the other hand, might not only equal or even outperform Solana in speed, but it does so while preserving the fundamental structure of the network.
Leios stands out due to its unique capability to deliver both rapid performance and stringent security, reminiscent of the robust protections typical in a decentralized blockchain system.
This balance could be crucial for Cardano as it continues to grow in a competitive market, where scalability and speed are essential.
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2024-09-16 15:59