Recent concerns regarding the block capacity of Cardano’s blockchain have been swiftly addressed by Charles Hoskinson, the founder of Cardano (ADA) and Input Output Global (IOG).
Hoskinson, a billionaire mathematician, took to social media to dispel notions that Cardano’s blocks were facing an overload, emphasizing the network’s readiness to handle increased transactional loads.
Hoskinson expressed amusement at the sudden worry surrounding Cardano’s allegedly full blocks.
I can't help but watch with glee all the concerns floating around about Cardano's blocks being too full. I recall the ghostchain narrative for years, the no use and utility. Suddenly we are too busy?
In reality, Cardano is designed to operate at these loads and there is a huge…
— Charles Hoskinson (@IOHK_Charles) December 18, 2023
He reminisced about the long-standing criticism that labeled Cardano as a “ghostchain” devoid of utility.
However, with a surge in network activity, there’s now a contrasting concern of being “too busy.”
Addressing these claims head-on, Hoskinson highlighted that Cardano’s design inherently accommodates such transactional volumes and assured users of ample room for further optimization.
He emphasized a significant design space that allows for both short-term and long-term enhancements, aiming to scale the network and decentralized applications (DApps) more effectively.
The founder attributed the surge in transaction count to the successful launch of various DApps like SundaeSwap, Minswap, and several NFT marketplaces operating within the Cardano ecosystem.
Hoskinson credited these applications for significantly boosting network activity on Cardano
Moreover, he stressed the ongoing efforts to improve Cardano’s infrastructure, mentioning recent upgrades like Mithril and Hydra protocols.
These advancements, according to Hoskinson, significantly bolster Cardano’s processing capabilities and overall scalability.
Explaining further, Hoskinson shed light on Cardano’s unique accounting model using eUTxO, enabling multiple entities to be inserted within a single block.
However, he noted that this mechanism might pose challenges for some blockchain tracking platforms in accurately capturing the total transaction count, potentially contributing to the misconceptions about full blocks.
Hoskinson concluded by celebrating Cardano’s progress, attributing its success to community-driven growth, likening it to Bitcoin’s organic development, and proudly stating that Cardano achieved its milestones without reliance on venture capital, crypto media, or influencers.
