“Solana Becomes Faster and Safer as Cardano’s Sidechain”

Cardano founder Charles Hoskinson recently came up with an idea for Solana, saying that connecting the Blockchain network with the Cardano network would be the best solution. Hoskinson, in a question and answer event he attended, talked about the different working feature of the main chain and side chain in the structure of the Cardano network, and also said that Cardano, as the main chain, provides security, infrastructure, ecosystem and liquidity to the side Blockchain networks.

Addressing the current structure of Cardano, Hoskinson said that by turning his focus to Solana, the Blockchain network can be included in the Cardano ecosystem. Solana, as it is known, has faced numerous network outages throughout the year. While this was seen as a vulnerability by developers, the popular blockchain network was one of the platforms most affected by the recent collapse of FTX. Because FTX was one of Solana’s biggest supporters.

Hoskinson, on the other hand, did not touch on recent events, claiming that as Solana becomes a sidechain of Cardano, it will become a 25 times faster and crash-proof Blockchain network. Afterwards, Hoskinson stated that the decentralized applications on the Network can be moved to the Cardano network, and thus security concerns will be eliminated.

With this offer, the Cardano founder once again highlighted the security and speed of his network. However, until now, there has been no response to this idea put forward by the Solana front.

Charles Hoskinson had previously come up with the idea of Elon Musk’s popular cryptocurrency Dogecoin as a sidechain of the Cardano network. However, this offer remained unanswered. Although Hoskinson highlights how robust the Cardano network is at every opportunity, the network cannot see enough demand in a bear market environment.

The native token of the Cardano network, ADA, continues to move at low levels far from expectations. ADA, which is the 9th largest cryptocurrency with a market value of $ 10.75 billion, has been moving sideways on the $ 0.3 support in recent days.

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.