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

46 sec 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


Chris Munch

Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. 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.

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