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Cardano unveils its network deployment strategy

Thu 27 Jul 2023 ▪ 3 min of reading ▪ by Eddy S.
Getting informed Blockchain

Cardano (ADA) puts in a string of masterful performances despite the regulatory crackdown in the USA. Just when everything seems to be going well, network founder Charles Hoskinson announces a fascinating update that should take Layer 2 solutions to the next level.

cardano charles hoskinson

Charles Hoskinson talks about Sidechains projects and the implementation of rollups on Cardano

Cardano is booming, and apparently intends to keep the momentum going. Cardano CEO Charles Hoskinson recently spoke of Sidechain’s plans for the network. This came shortly after a Twitter user remarked.

Indeed, the latter pointed out that the blockchain CEO had mentioned a rollup strategy twice this year in Youtube videos. Wanting to know more, he asked him what specific project he was referring to. In response, Hoskinson revealed that Cardano was working on sidechain projects requiring rollups.

However, implementation is on a very aggressive schedule, according to his statements. As a result, Midnight will be the first user. As a reminder, Midnight is a privacy blockchain that operates as a Cardano sidechain.

When ADA beats the odds

Cardano (ADA) hasn’t always been the preferred platform for investors. Dubbed Ghost Chain in 2021 due to a lack of activity, the network is gradually regaining its place in the spotlight. Between the explosion in the price of its native ADA token and its massive adoption, blockchain is now tending to become an icon in the field.

But it won’t happen overnight. Despite the SEC’s allegations, Charles Hoskinson and his team are moving ahead with one project after another. Earlier this month, the network hinted at the possibility of total decentralization, and if the MVG proposal comes to fruition, it will take Cardano to another level.

Cardano is in the midst of a revolution! After bad reviews in 2021, Charles Hoskinson’s blockchain is proving all its detractors wrong. It is currently making enormous progress in the development of Layer 2 solutions. In particular, with sidechains and off-chain solutions such as ZK rollups. Between this and the various collaborations, there’s no doubt that the network has yet to show its full potential.

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Eddy S. avatar
Eddy S.

Le monde évolue et l'adaptation est la meilleure arme pour survivre dans cet univers ondoyant. Community manager crypto à la base, je m'intéresse à tout ce qui touche de près ou de loin à la blockchain et ses dérivés. Dans l'optique de partager mon expérience et de faire connaître un domaine qui me passionne, rien de mieux que de rédiger des articles informatifs et décontractés à la fois.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.