Charles Hoskinson, the founder of Cardano (ADA), has announced a series of planned enhancements for the ninth-largest crypto asset by market cap, which he claims will result in substantial speed gains.
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Hoskinson claims in a new video that Cardano will be able to match the performance of Solana (SOL) and other smart contract-enabled blockchains later this year.
He says, this year, all of these changes will be released that will vastly improve the system’s scalability and expressiveness, allowing it to achieve the same level of performance as systems like Solana and others, or at the very least on the same scale.
Some of Cardano’s new features, according to Hoskinson, will go live in June and October this year.
According to the smart contracts platform developer, ADA will be able to compete with other cryptocurrencies while also providing a strong and dedicated community.
“Not only do you get all the security, accuracy, resiliency and a large community of three million people, but you also get the best of what competitors bring.”
Cardano’s top three priorities, according to Hoskinson, for the next 12 months are “commercial comparability, sustainability, and self-determination.”
Cardano sees 6 times more transaction volumes than Ethereum
According to recent data from Messari, Cardano saw six times the volume of Ethereum transactions in the past 24 hours, totaling $42.1 billion in giveaway value. In general, the platform ranks first for on-chain activity, 24-hour trading volumes, and adjusted trading volumes.
Cardano surpassed the top two cryptocurrencies, Bitcoin and Ethereum, with $36.38 billion and $7.42 billion in market capitalization, respectively. Adjusted transaction quantity is still an excellent technique to isolate only the most important transactions.
The cryptocurrency also overtook Bitcoin and Ethereum in terms of adjusted trading volumes, with 24-hour volume of $41 billion compared to Bitcoin’s $13.83 billion and Ethereum’s $5.94 billion.
