Hoskinson: Cardano after upgrade "faster than Solana"

A protocol upgrade should make the Cardano blockchain more powerful than the Solana network, but will the upgrade come at all? And if so, when?

In a poll on X (formerly Twitter) within the Cardano community, participants were asked how a monthly budget of 20 million ADA should be invested. There were two suggestions: build a Rust node for 11 million ADA or implement the Leios protocol for 12 million ADA.

Charles Hoskinson, the founder of the Layer-1 blockchain, expressed his preference for the Leios protocol and emphasized how important it would be for the future of Cardano as a competitor to Ethereum.

According to Hoskinson, Solana's consensus mechanism enables faster transactions, but at the expense of decentralization. The Leios upgrade has the potential to not only match but exceed Solana's performance, while maintaining the decentralized principles of the Cardano network. The Leios protocol also received the majority of votes, with more than 55 percent. How hypothetical the vote was, the future will tell.

On Sept. 1, the Chang upgrade was implemented on the ADA blockchain. After this, the number of users and trading volume suddenly increased.