Cardano (ADA), a leading blockchain platform, is progressing toward a future with better scalability and interoperability. According to a research session hosted by Input Output Global (IOG), the platform is expanding its focus to develop a strong set of Layer-2 (L2) solutions. These improvements aim to boost the network’s speed, privacy, and composability. Cardano to Expand Beyond Hydra During the discussion, Cardano developers provided a comprehensive update on Hydra’s evolving role in Cardano’s strategy. Meanwhile, Cardano’s long-term plan focuses on offering different Layer-2 technologies that can work together. These Layer 2 solutions will support various uses, like decentralized finance (DeFi), gaming, business, and identity solutions. Cardano will create a flexible system where different L2s can work together smoothly. This way, several applications can choose the best solution for their needs. The panelists noted that having one main Layer-2 option could slow innovation and reduce flexibility. They argued that having several Layer-2 options work together allows developers to try new approaches, while users enjoy faster, cheaper, and safer interactions. What’s New for Cardano Users? Two months ago, it was announced that Cardano users can store, send, and receive XRP using the Lace Wallet, a feature-packed native wallet for Cardano. It is worth noting that Cardano is working on improving its tools for users by enabling them to use multiple blockchains. As reported by TheCoinRise, the Input Output Global (IOG) team also intends to integrate XRP features into Lace Wallet. This will enable XRP holders to store their assets safely on Lace and make transactions without relying on other apps. Recall that the Cardano Foundation also created Veridian to allow people and businesses to control their online identities. Veridian adds an extra layer of security to Cardano’s blockchain, helping to make Cardano a top choice for secure digital securities. Alongside the platform, the foundation also launched the Veridian Wallet, which will assist users in managing their credentials, private keys, and digital identifiers. Charles Hoskinson Highlights Ethereum Mistake Meanwhile, a recent report states that the Cardano founder, Charles Hoskinson, believes Ethereum has serious issues due to three main mistakes. First, he mentioned that Ethereum relies too much on Layer 2 scaling solutions. He criticizes this dependence on outside systems, calling them “parasitic.” Hoskinson also highlighted Ethereum’s governance system as a significant weakness. The third and most important criticism is Ethereum’s protocol and consensus model. He pointed out that even after switching to Proof-of-Stake, Ethereum still works inefficiently. Cardano’s boss believes Ethereum lacks the resilience and sustainability needed for long-term success. The post Cardano Eyes on a New Era of Scalability With L2 Advancements appeared first on TheCoinrise.com .
