Perhaps many criticized Solana’s (SOL) abilities after a few bad incidents but Charles Hoskinson made the network a benchmark for developing Cardano’s (ADA) abilities.
According to the founder of the blockchain, the present update aims to further enhance the scalability and responsiveness of the network so that users can enjoy an experience like Solana offers.
Cardano aspires to realize this mission as early as the end of 2022.
For the record, the Basho era has already begun this year and what is in focus is sustainability, and network efficiency, as well as organic growth through the presence of the Mithril protocol.
For the record, Cardano has already gone through several phases, starting with Byron, Shelley, and Goguen before moving on to Basho.
Here are the details of the Cardano series update:
Byron (2017)
Allows users to buy and sell ADAs while the network is broadcasting with the Proof of Stake (PoS) protocol.
Shelley (2020)
The transition of a network that brings a focus on the features of decentralization, from a federated network (federated network) to a network managed by its community.
Goguen (2021)
Cardano integration with smart contract technology
The network is also actually going to face a hard fork scheduled for June and October.
More features and functions will be launched; improvements to the smart contract platform, Plutus; and sidechains.
For example when hard fork in June 2022 - Vasil Hard Fork - Cardano will offer collaboration to several dApp developers who are interested in joining their applications.
This effort is seen to be able to increase the total locked value (TVL) on the Cardano application once the hard fork reaches its target.
Solana Bad Incident (SOL)
Solana has repeatedly been the victim of criticism from most crypto enthusiasts in the wake of bug attack incidents that occurred in late 2021 and early this year.
The turmoil of the Solana network at the time prompted Binance to stop issuing assets and Solend investors had to bear the loss!
Then in early February, the Wormhole linking Solana-Ethereum was hacked, resulting in over RM 1 billion of crypto assets being stolen!
The anti-Solana group described the network as only temporary due to the small number of users, but many problems arose as users increased.
Even so, the average blockchain developer is still jealous of Solana’s (SOL) abilities and trying to compete with it.
