In a recent announcement, Charles Hoskinson, the founder of Cardano, unveiled plans for the implementation of the Basho phase, which is set to coincide with the rollout of the Ouroboros Leios protocol either this year or the next. This development, highlighted by crypto analyst Mintern, positions Cardano to potentially surpass the transaction speeds of prominent blockchain platforms like Solana and Sui.
The Basho phase represents a pivotal era in Cardano’s roadmap, focusing primarily on scalability and network optimization. Unlike previous phases that emphasized decentralization and smart contract functionality, Basho aims to enhance the underlying performance of the Cardano network, ensuring it can handle a higher volume of transactions with increased efficiency.
Central to achieving the goals of the Basho phase is the implementation of the Ouroboros Leios protocol. Introduced in 2022, Leios is designed to significantly boost Cardano’s throughput capabilities. Hoskinson has expressed confidence that this upgrade will enable Cardano to outperform Solana in terms of speed without compromising its decentralized nature. He emphasized that while the existing Rust node serves its purpose, Leios will offer substantial enhancements, making Cardano “faster than Solana.”
Currently, Solana boasts transaction speeds of approximately 3,000 transactions per second (tps), significantly outpacing Cardano’s several hundred tps. Sui, a newer entrant in the blockchain space, has been designed with an object-centric model that supports parallel execution, aiming for high-speed transactions. The integration of the Leios protocol is anticipated to elevate Cardano’s performance metrics, positioning it competitively alongside or even ahead of these platforms.
The prospect of Cardano achieving superior transaction speeds has generated considerable optimism within the crypto community. Enhanced scalability not only improves user experience but also attracts a broader range of decentralized applications (dApps) and enterprise solutions to the platform. As Cardano advances towards the Basho phase, stakeholders are closely monitoring these developments, anticipating a potential shift in the blockchain hierarchy.
The forthcoming implementation of the Basho phase, in tandem with the Ouroboros Leios protocol, marks a significant milestone in Cardano’s evolution. By potentially surpassing the transaction speeds of established platforms like Solana and emerging ones like Sui, Cardano is poised to reinforce its position as a leading blockchain network, offering scalable and efficient solutions for the decentralized future.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
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