A Cardano developer reveals the future plans of the third largest DeFi blockchain. The creation of Layer 2 solutions on ADA should become easier in the future. The idea follows a current trend in the project to increasingly hold the user community accountable.
A Cardano developer reveals the blockchain’s future plans for scaling. ADA is expected to potentially achieve a throughput of up to one million transactions per second. The developers want to use Layer 2 solutions for this.
The development of such scaling solutions should be much easier in the future than before, as programmer Sebastien Guillemot recently announced on Twitter.
Guillemot introduced an investment platform called Milkomeda. This allows users to collect funds across different blockchains and consolidate it into a single token on Cardano.
A user then asked the programmer whether ADA is currently working on a trustless token bridge and its own layer 2. Guillemot explained that independent developers want to be more involved in the growth of the ecosystem in the future.
“We are working on making it easier to create L2s for Cardano in general.” So Guillemot.
Recently, the central development studio behind ADA, Input Output, released a project that has a similar goal. The Marlowe developer platform is designed to make it easier for programmers to create their own smart contracts than ever before. Among other things, the service uses a modular system and a dedicated test environment for this.
However, ADA developers do not fully rely on their user community. In fact, Input Output is already working on at least its own layer 2.
The blockchain called Midnight was announced in November 2022. It is said to have its own token called Dust. The blockchain should bring better overall scalability to the Cardano ecosystem. In addition, it should offer users privacy, as is otherwise known from privacy coins.
Ultimately, however, Midnight should only be one of several blockchains that Cardano serves as layer 2. ADA is using a protocol called Hydra to scale , which entered its public testing phase in early May.
Like many similar projects, Cardano mainly relies on scaling via Layer 2 solutions. Transactions are outsourced from the mainnet to semi-autonomous blockchains and ultimately only a summary of many intermediate steps is transferred to the mainnet.
Critics fear that Layer 2 solutions will reduce the decentralization of the crypto industry. In addition, they do not offer the same security as a Layer 1 blockchain.
More news: Cardano is top mover in DeFi, ecosystem is growing steadily
TL;DR (Key Points) U.S. First: Amplify ETFs has launched the Amplify XRP 3% Monthly Premium…
Key Points Market Impact: Chainlink (LINK) price found support near the lower trendline of a…
Key Takeaways U.S. stimulus and AI infrastructure spending could create liquidity favorable to XRP. Analysts…
Key Points Record-Breaking Launch: Korea Investment Management launched the ACE U.S. AI Tech Core Industry…
Key Takeaways Institutional investors are reportedly shorting XRP to buy at lower prices ahead of…
Key Points Pioneering Integration: Bitget has become the first Unified Exchange (UEX) to successfully integrate…
This website uses cookies.