In a recent social media post, Charles HoskinsonCardano blockchain founder KDLC has reignited discussions within the crypto community by asserting that an upcoming upgrade will enable Cardano to surpass Solana in transaction speed.
His comments come in response to a community poll on budget allocations for two competing proposals, revealing his strategic vision for enhancing Cardano’s competitiveness.
Is ADA faster than SOL?
the Opinion poll In this question, the broader community was asked to choose between funding a Rust node request or implementing a new feature called Leios. He pointed out While the Rust node will not provide any distinction to users, the Leios upgrade promises to increase the speed of Cardano without compromising decentralization.
This bold statement highlights Hoskinson’s confidence in Cardano’s technological advancements as it seeks to position itself ahead of its competitors. However, he claimed that this would make Cardano faster than Solana.
For more context, Cardano Current Operations Over 1000 transactions per second (TPS), thanks to the Ouroboros consensus algorithm, which uses the Proof of Stake (PoS) mechanism. This allows transactions to be processed quickly and increases throughput.
Additionally, the integration of the Hydra Layer 2 scaling solution allows for simultaneous transactions, further enhancing performance.
In contrast, Solana has gained attention for his notable achievements. Transaction speedThe number of transactions reaches 65,000 transactions per second. This is achieved by combining Proof of History (PoH) and Proof of Stake (PoS).
PoH acts as a cryptographic clock that records the time it takes for transactions to occur, dramatically reducing verification times. The dual approach has positioned Solana as one of the fastest blockchains available.
Cardano and Solana Prepare for Major Upgrades
The anticipated Leios upgrade, also referred to as Ouroboros Leios, is designed to separate transaction propagation and computation from the blockchain’s ordering mechanism.
According to the Cardano forum, the upgrade He presents There are three types of blocks: order blocks (RB), authentication blocks (EB), and input blocks (IB). Input blocks contain transaction data, while order blocks act as references, greatly reducing the amount of data required to record transactions on the blockchain.
This architecture will reportedly allow Cardano to handle a larger volume of transactions efficiently, enabling scalability while maintaining decentralization principles.
As Cardano prepares to implement Leios, Solana is simultaneously preparing to implement it. Firedancer UpgradeFiredancer is expected to launch in Q4 2024. Firedancer aims to improve transaction processing speeds, security, and scalability, enhancing Solana’s competitive advantage.
Hoskinson has Clear The active prototyping team at blockchain development company Input Output Global (IOG) is hard at work on the Leios design, and efforts are expected to intensify after the completion of the Peras CIP (Cardano Improvement Proposal).
Overall, Solana currently has the upper hand in terms of transaction speed, with clear differences between the blockchains. However, it remains to be seen whether Cardano will be able to come close to or even surpass Solana in this key metric, as its founder noted.
At the time of writing, ADA is trading at $0.327, down 3% over the past 24 hours and over 5% over the past seven days.
Featured image by DALL-E, chart by TradingView.com