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A humorous attempt at satire has seemingly provoked the reaction of Cardano (ADA) founder Charles Hoskinson.
In reply to a fan’s remark questioning the blockchain’s roadmap and criticizing its alleged resemblance to Ethereum (ETH), Hoskinson stated, “it’s getting delusion town now,” and added, “we are living rent-free in the maxi minds. I pity them.” Concerning the Ethereum comparison, the founder remarked:
“Ethereum has a dumpster fire of a consensus layer, has a terrible programming model that they can’t change, and are getting eaten alive by their own layer 2 ecosystem.”
“Cardano’s sidechain initiatives provide mutual advantages for both Cardano and the sidechain,” he noted.
It’s getting delusion town now. Hydra is live on mainnet and evolving fast. Mithril is live as well and the first step towards a rich DA and light client strategy. We already designed a significantly better way of handling transactions via tiered pricing and Babel fees.
There’s… https://t.co/2cJa8ivJGu— Charles Hoskinson (@IOHK_Charles) August 17, 2023
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In March 2020, the Cardano Foundation released a research paper detailing Hydra, a layer-two solution that utilizes sidechains to relieve the main network of transactions. Hoskinson indicated that Cardano would soon become “the fastest system in the world,” citing the following example:
“Simulations have shown that each “Hydra head” can currently process about 1,000 transactions per second (TPS). With 1,000 stacking pools, each of which processes 1,000 TPS, Cardano could achieve a throughput of up to one million transactions per second.”
During an ask-me-anything session in November 2021, Hoskinson disclosed that the Hydra project was still in development with no established launch date. The first mainnet-compatible Hydra node was launched on May 11, 2023. Since then, developers have hinted at the forthcoming Hydra Pay, a proposed layer-two integration with Cardano Wallets featuring instant settlement and “gazillion TPS.”
In terms of utility, data from Cardano Scan shows that the blockchain currently handles an average of 65,000 transactions daily, equating to 0.75 transactions per second. In contrast, Ethereum processed over 1 million transactions in the last 24 hours, or approximately 12.45 transactions per second.
“No matter how many times the VC coins, the cryptomedia, or the maxi crowd declare we are dead, irrelevant, or failing, we always remind them that Cardano is here to stay,” Hoskinson stated in a previous tweet.
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