Cardano (ADA) founder Charles Hoskinson detailed a series of updates that he says the ninth-largest crypto-asset by market capitalization will experience massive performance improvements.
In a new video, Hoskinson says Cardano could achieve the same kind of performance as Solana (SOL) and other smart contract-enabled blockchains later this year.
“All these updates are coming this year that greatly increase the scalability and expressibility of the system, so you get the same performance you see from Solana and similar systems.”
Hoskinson added that some new features of Cardano will be released in June and October this year.
“June and October will be great months for us because these are the months when we enable a lot of new features.”
According to Cardano’s creator, ADA, ADA will compete with its rivals while offering a strong and committed community.
“Not only do you get all the security, accuracy, durability and a great community of three million people, you also get the best of what the competition brings.”
Hoskinson also says that for the next 12 months, Cardano’s top three priorities are to achieve “commercial comparability, sustainability and self-determination”.
“In terms of commercial comparability, we put a tremendous amount of effort into accuracy and scientific excellence at the start of the project… which is why we developed all these protocols…
From a sustainability standpoint, you want a system that is more efficient, more scalable, and capable of growing at an organic rate as it operates. And systems include the same cost center and performance standard you know and love…
And what’s more, we have a wonderful layer of management, such as self-determination, which is unique to Cardano and the likes of Tezos (XTZ). You have data, you can vote. And you can participate in the management of the system.”
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.