Altcoins News
By Dan Saada
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Hydra Moves to Adoption Phase. Hydra reached a milestone in February. After a long testing period, the technology officially…
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27.7 Million ADA for Ouroboros Leios. Ouroboros Leios is the other major project. And here, we're talking serious money. A funding of 27.
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Cardano is pushing hard. The blockchain network founded by Charles Hoskinson has a clear, almost excessively ambitious goal: to reach one billion users.
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Input Output Global, the company behind Cardano's technical development, focuses on practical applications rather than abstract promises.
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This is exactly what's needed for mainstream applications. If someone uses a financial app on mobile, they don't want to wait thirty seconds for a transaction to go through.
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No specific figures on the maximum throughput achieved during these tests. The source does not specify.
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Ouroboros Leios is the other major project. And here, we're talking serious money. A funding of 27.7 million ADA has been proposed to accelerate its development.
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What Ouroboros Leios does, in simple terms, is push the network's capacity to process transactions even further. More throughput.
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And this is probably the hardest technical challenge. Increasing throughput while maintaining real decentralization is not trivial. The 27.
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Related: Swapiz Bot allows instant crypto exchanges without KYC for 1 billion Telegram users
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The roadmap also includes digital identity solutions. Cardano is pushing towards an infrastructure where the user does not see the blockchain complexity underneath — they just…
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See also: Swapiz Bot Enables Instant, No-KYC Crypto Swaps for Telegrams 1 Billion Users
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On the asset side, Cardano is also looking towards tokenized stocks and digital gold. The idea is to allow users to access these products directly from a crypto wallet.
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ADA holders have a direct interest in all this. If Hydra and Ouroboros Leios deliver on their promises, activity on the network should increase — more transactions, more…
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Cardano has a reputation in the industry: strong on academic research, sometimes slow on execution.
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