Cardano’s Ouroboros Leios is one of the most important scaling upgrades currently being developed for Cardano.
The goal is simple, but technically difficult. Increase throughput without weakening the security and decentralisation properties that make Ouroboros valuable in the first place.
Leios has just now reached another meaningful milestone, with recent progress around the testnet implementation being merged in and expected to be delivered this month.
Leios will expand Cardano’s throughput. without changing the reasons Cardano matters.
Leios will allow Cardano to scale
Who else remember when the SEC lawsuit hit Ripple, many said $XRP was going to zero. When $SOL crashed below $10, many said it was dead.
Now $ADA is trading below $0.20 and people are saying the same thing, even its own founder is joking about it. Maybe they’re right. Maybe they’re wrong.
But history has taught me that the time when everyone agrees an asset is dead is often when it starts getting interesting. That’s exactly why $ADA has my attention right now. 👀
Bitcoin is the reserve asset.
Ethereum is the internet of value.
Solana is the consumer engine.
Cardano is the formal-verification chain.
XRP is the liquidity bridge.
Funny how @coinbureau deleted the post after getting called out for taking things out of context about Cardano and pushing the narrative that it’s dead.
Shame on them..
Whether this is the low for ADA or we go down further, I still believe Cardano’s future is bright.
The chain is getting better everyday. With Leios, it will match or surpass almost everyone in the industry: on security, decentralisation, and soon performance.
Our DeFi ecosystem is comparatively small, but has a lot of potential.
Aside from Ethereum and Solana, most other chains have a tiny app ecosystem, with top DeFi projects often built by the same entity as the chain itself. TVL looks high, but is artificially inflated by VCs.
Cardano meanwhile has a dedicated community of builders creating apps, tools, and projects that are genuinely best in class. Strike, Minswap, Midnight, Empowa, Liqwid, World Mobile, VESPR, Snek, and many others. There are also promising new projects like RealFi.
The price is down but the tech is not. Major flaws being found in top chains show the importance of the slow and steady approach. Cardano’s track record speaks for itself – no downtime and no hacks.
The industry is brutal. While in hindsight there are things that could have been done differently, we have also been at the mercy of the wider market full of scams, hacks, tech failures, and VCs only looking to extract. Crypto is simply not in a good spot right now.
Cardano has the opportunity to show a different way forward. The original vision can still be realised. Cardano’s best days are ahead, if we want them to be.
You guys are a bunch of scumbags, @coinbureau
Taking things out of context just for likes and engagement. I used to respect you guys, but you’ve really fallen off
@coinbureau You guys are a bunch of scumbags, @coinbureau
Taking things out of context just for likes and engagement. I used to respect you guys, but you’ve really fallen off
@coinbureau@MatrixSquiz Great click bait ripping things out of context!!
How about next time you take the full context of what he said???
Incredibly disappointed. I used to look at coin bureau as the only serious source of news. Sad to see you turn into trash.