Cardano (ADA) is poised for a major leap in performance with its Ouroboros Leios upgrade, which aims to make the network faster than Solana without compromising its decentralized nature.
This upgrade is expected to drastically improve transaction speeds by utilizing idle nodes, a move that could position Cardano ahead of its competitors.
Alongside these technological advancements, analysts are predicting a significant price surge, with some forecasting ADA to reach $15. Explore the latest developments and why excitement is building around Cardano.
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Significant Performance Boost While Maintaining Decentralization
On September 16, 2024, Charles Hoskinson, the founder of Cardano (ADA), announced that with the Ouroboros Leios upgrade, Cardano would surpass Solana (SOL) in terms of speed.
This claim followed the recent implementation of the Ouroboros Leios upgrade, which came after the Chang hard fork on September 2, 2024.
Ouroboros Leios is seen as a critical upgrade that significantly enhances Cardano's transaction processing speed. It utilizes previously idle nodes to perform additional computations during downtime between block generation, efficiently boosting Cardano’s performance.
Hoskinson's statement was made in response to a hypothetical poll suggesting two choices: either "build a Rust node with 11 million ADA" or "implement Leios with 12 million ADA."
He stated that while a Rust node would not provide users with new distinguishing features, Leios would make Cardano faster than Solana without sacrificing decentralization.
Furthermore, Hoskinson shared that the Input Output team is actively working on the design of Leios, hinting that this effort will expand dramatically in the next quarter.
ADA in the Third Step Before a Price Surge
In addition to the technological advancements, the price of Cardano (ADA) is attracting significant attention. On September 12, 2024, Dan Gambardello, the founder of Crypto Capital Venture, forecasted that ADA could surge to $15.
According to Gambardello, ADA is currently in the third of five steps toward reaching a new all-time high.
Despite recent declines and stagnation in the cryptocurrency market, there are increasing predictions of an upcoming "altcoin season." As more signs of a bullish trend appear, expectations are rising for the future growth of various cryptocurrencies, including ADA.
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