Here’s Why Charles Hoskinson Thinks Solana (SOL) Could Become a Sidechain for Cardano (ADA)

1 min read

Charles Hoskinson suggests that smart contract protocol Solana might theoretically be a sidechain for the Cardano Network.

Hoskinson describes what Cardano sidechain partnerships look like in a YouTube AMA session.

“For six years now, we’ve been discussing this, thinking through this, pushing forward this concept that you have one major chain and a family of sidechains each doing different things. Cardano’s sidechain model works in a way that that any sidechain connected to Cardano becomes a part of the mainchain. It provides security, infrastructure, an ecosystem, liquidity and security.

Cardano founder, John Cardano, says that a sidechain can have a unique computation model and notion of data availability.

Hoskinson claims Solana will be in a better place if it partners up with Cardano.

The consensus algorithm in Solana could be replaced with something 25 times faster that doesn’t fail all the time. A Cardano sidechain would be created. Solana would then get paid by ADA holders to keep it running (probably at a lower inflation rate than they’re currently paying). They won’t need to worry about security anymore and they will gain better reliability and security.

Hoskinson also floated the idea for the memecoin Dogecoin to become a sidechain of Cardano.

Via this site

About the Author

Chris Munch is a professional crypto writer, researcher, and journalist with extensive experience in the cryptocurrency and blockchain space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. He has written numerous articles and research papers on a variety of topics, including market analysis, investment strategies, and the latest developments in the industry. With a background in finance and economics, Chris has a deep understanding of the economic and financial forces that drive the crypto market. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers. In addition to his writing, Chris is also a sought-after speaker and commentator on crypto and blockchain-related topics. He has appeared on numerous podcasts, webinars, and other events, sharing his knowledge and expertise with audiences around the world.

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