Charles Hoskinson, Co-Founder and CEO of Global Input Output (“IOG), the blockchain technological innovation business accountable for the improvement of Cardano ($ADA), not long ago explained how Solana ($SOL) can companion with Cardano ($ADA).
According to 1 report According to The Daily Hodl, through a shock AMA session broadcast reside on his YouTube on December ten, 2022, Hoskinson stated:
“For 6 many years now, we have been speaking about it, pondering about it, pushing this forward, this notion that you have a primary chain and a group of sub-chains and each and every chain does distinct issues. And Cardano’s sidechain model is that if a sidechain comes out and connects to Cardano, that sidechain is the counterpart to the primary chain. The primary chain supplies safety, it supplies the infrastructure, it supplies an ecosystem, and it supplies liquidity...
“It’s listed on in excess of 200 exchanges, all of people, so you have all that dimension, and in exchange for that, the chain of partners, as an alternative of having to pay inflation to miners is a website link in that chain, it will shell out inflation (block reward) to stake pool operators and ADA holders, as Cardano assures the safety of the sidechain...
“So you can use Solana, replace the current consensus algorithm with something 25x faster and don’t always crash, turn it into a Cardano sidechain, Solana will then be paid to the holders ADA to maintain (probably at a lower inflation rate than they are currently paying for right now). They don’t have to worry about security anymore and then all these DApps keep growing and they have better reliability and security and they get faster.“
