Charles Hoskinson On Cardano (ADA) Scalability and Efficiency Plans 2022 | Hydra Layer-2 and Mithril Multi-Party Signature Protocol Launch

1 min read

Charles Hoskinson, the founder of Cardano (ADA), anticipates that a significant portion of his outline for the project will be completed by 2022.

As part of a new interview with Crypto Capital Venture, the CEO of Input Output Hong Kong (IOHK) was asked what Cardano developments can be expected to be completed by 2022.

I think everything will get done that I outlined – the sidechains, the pipelining, the import endorsers, the library optimization, Hydra and Mithril.

Now there are degrees and flavors like there’ll be more Hydra stuff to do, but at least you’ll be able to use Hydra for something like microtransactions.

Mithril will be probably completely finished because it’s a finite scope of work, and we had to bring on some sophisticated contractors for it.

Charles Hoskinson

​​David Orr, a content creator at IOHK explains Hydra is a layer-2 scalability solution that aims to enable a more efficient means of processing transactions off-chain.

Mithril is a protocol that aims to help “users join the network with less technical overhead,” according to the Cardano Summit Organization website.

Hoskinson says in his new interview that while there will always be ways to improve Cardano, the upgrades in 2022 should allow it to match the technical elements of competing smart contract platforms.

You can always optimize pipelining and do more in those heartbeats and the same for input endorsers – there are always ways to optimize that.

But some version of it will ship, and… I think we’ll be in an exceedingly strong position to match what we see with Solana and these other platforms, but have the added benefit of being actually decentralized and having real theory and strong foundations behind it.

Charles Hoskinson On Future of Cardano & Plans For 2022

Via this site

Have A Story? Get Featured On Adawire Plus 100+ More Exclusive Crypto News Sites