Charles Hoskinson Eyes Lightweight Consensus for Cardano
Charles Hoskinson, the founder of Cardano, discussed the upcoming “SuperNode” feature. This feature represents a pioneering attempt to increase the scalability and efficiency of the Cardano network as well as the involved chains. The SuperNode concept, which the Hyperledger FireFly Node initiated, can be a corporate game changer and lead to a reinvention of smart contracts as they are known on the blockchain.
The innovation was discussed by the prominent figure of Chris O, an important community member, during the conversation with Hoskinson. A key topic they discussed was the possibility of incorporating new technologies into the Cardano ecosystem. The latest technologies in line are the off-chain elements, Hydra, Mithril, and roll-up models, among others. Thus, the Ethereum networks would allow applications based on distributed ledgers, and decentralized applications (dApps) to run effectively with their data spread through different places.
SuperNode: The Emergence of the Era for Blockchain Technology
The SuperNode model is derived from peer-to-peer technology like that of Hyperledger FireFly, a blockchain-based application platform that makes development easy and smooth-going. By adopting this model, Cardano seeks to enhance the capabilities of dApps, making them more robust and efficient. The SuperNode will facilitate seamless interaction between various components of a dApp, including the user interface, off-chain elements, and state channels.
The model chosen by Cardano has what it takes to make DeFi applications more robust and efficient. The SuperNode will constitute the middleware that makes the entire dApps ecosystem smoothly communicate with each other, bringing to this platform the user interface, off-chain components, and state channel parts.
The conversion of these ideas into a social, economic, and technological one not only implies scientific development but has much more general global manifestations. This is but one example of the stacking of the functions of the SuperNode validators where they could validate for multiple other chains in addition to Cardano.
The fact that these redeemers can receive rewards during the application of this protocol by its distributors will ensure that there is always growth in the ecosystem. At present, the network is running a few thousand staking pools. It has approximately 1.3 million stakers, which represents a high degree of decentralization, which in turn, is one of its most valuable assets.
Cardano’s Global Adoption and Security Enhancement
The conversation between Hoskinson and Chris O underscores Cardano’s commitment to selling and profiting from its most valuable asset: decentralization. As the blockchain community anticipates these developments, another milestone for Cardano emerges on the global stage. The United Arab Emirates (UAE) has embarked on a transformative journey by integrating Cardano’s blockchain technology to enhance the security of its criminal investigations.
Revealed at the World Police Summit, a Cardano-based pilot project spearheaded by the Dubai Police showcased the potential of blockchain in securing sensitive data. This initiative enables secure sharing of information from criminal investigations with international authorities, including Interpol. This application of Cardano’s technology in real-world scenarios marks a significant leap toward its widespread adoption, highlighting its utility beyond the financial sector.
Read Also: Shiba Inu Flips Dogecoin and Solana in Weekly Trading Volume: Kaiko
The post Charles Hoskinson Eyes Lightweight Consensus for Cardano appeared first on CoinGape.
Read More
Charles Hoskinson Eyes Lightweight Consensus for Cardano
Charles Hoskinson, the founder of Cardano, discussed the upcoming “SuperNode” feature. This feature represents a pioneering attempt to increase the scalability and efficiency of the Cardano network as well as the involved chains. The SuperNode concept, which the Hyperledger FireFly Node initiated, can be a corporate game changer and lead to a reinvention of smart contracts as they are known on the blockchain.
The innovation was discussed by the prominent figure of Chris O, an important community member, during the conversation with Hoskinson. A key topic they discussed was the possibility of incorporating new technologies into the Cardano ecosystem. The latest technologies in line are the off-chain elements, Hydra, Mithril, and roll-up models, among others. Thus, the Ethereum networks would allow applications based on distributed ledgers, and decentralized applications (dApps) to run effectively with their data spread through different places.
SuperNode: The Emergence of the Era for Blockchain Technology
The SuperNode model is derived from peer-to-peer technology like that of Hyperledger FireFly, a blockchain-based application platform that makes development easy and smooth-going. By adopting this model, Cardano seeks to enhance the capabilities of dApps, making them more robust and efficient. The SuperNode will facilitate seamless interaction between various components of a dApp, including the user interface, off-chain elements, and state channels.
The model chosen by Cardano has what it takes to make DeFi applications more robust and efficient. The SuperNode will constitute the middleware that makes the entire dApps ecosystem smoothly communicate with each other, bringing to this platform the user interface, off-chain components, and state channel parts.
The conversion of these ideas into a social, economic, and technological one not only implies scientific development but has much more general global manifestations. This is but one example of the stacking of the functions of the SuperNode validators where they could validate for multiple other chains in addition to Cardano.
The fact that these redeemers can receive rewards during the application of this protocol by its distributors will ensure that there is always growth in the ecosystem. At present, the network is running a few thousand staking pools. It has approximately 1.3 million stakers, which represents a high degree of decentralization, which in turn, is one of its most valuable assets.
Cardano’s Global Adoption and Security Enhancement
The conversation between Hoskinson and Chris O underscores Cardano’s commitment to selling and profiting from its most valuable asset: decentralization. As the blockchain community anticipates these developments, another milestone for Cardano emerges on the global stage. The United Arab Emirates (UAE) has embarked on a transformative journey by integrating Cardano’s blockchain technology to enhance the security of its criminal investigations.
Revealed at the World Police Summit, a Cardano-based pilot project spearheaded by the Dubai Police showcased the potential of blockchain in securing sensitive data. This initiative enables secure sharing of information from criminal investigations with international authorities, including Interpol. This application of Cardano’s technology in real-world scenarios marks a significant leap toward its widespread adoption, highlighting its utility beyond the financial sector.
Read Also: Shiba Inu Flips Dogecoin and Solana in Weekly Trading Volume: Kaiko
The post Charles Hoskinson Eyes Lightweight Consensus for Cardano appeared first on CoinGape.
Read More