Charles Hoskinson, the founder of Cardano (ADA), has announced a series of planned upgrades for the ninth-largest crypto asset by market cap, which he claims will result in substantial gains in speed.
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 that all these changes will be released this year that will greatly improve the scalability and expressiveness of the system, allowing it to reach the same level of performance as systems like Solana and others, or at least on the same scale.
Some of the new Cardano features, according to Hoskinson, will be available in June and October of this year.
According to the developer of the smart contract platform, ADA will be able to compete with other cryptocurrencies while providing a strong and dedicated community.
“Not only do you get all the security, correctness, resiliency, and a huge community of three million people, but you also get the best of what the competition has to offer.”
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 has seen six times more Ethereum transaction volumes in the last 24 hours, totaling $42.1 billion in giveaway value. Overall, the platform ranks first for on-chain activity, 24-hour transaction volumes, and adjusted transaction volumes.
Cardano outperformed the top two cryptocurrencies, Bitcoin and Ethereum, with $36.38 billion and $7.42 billion in market capitalization, respectively. Adjusted transaction amount is still a great technique for isolating only the most important transactions.
The Cryptocurrency also outperformed Bitcoin and Ethereum in terms of adjusted transaction volumes, with 24-hour volume at $41 billion versus $13.83 billion for Bitcoin and $5.94 billion for Ethereum.
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