Cardano Focuses on Scalability with Omega and Leios Lite Innovations
Cardano's founder, Charles Hoskinson, highlighted the network's ongoing development towards Omega, emphasizing scalability challenges and solutions.
Key Developments
- Omega and Scalability: Hoskinson described the journey to Omega as challenging but crucial for resolving scalability issues. Leios Lite, a new iteration by Input Output Global, is expected to enhance Cardano's throughput by up to 30–55x, potentially competing with high-performance blockchains like Solana.
- Competition: Cardano aims to surpass Ethereum in the long term, leveraging its core developer activity and innovations.
- Interoperability: Midnight and partnerchains are mentioned as key to achieving interoperability, with governance improvements underway.
Tokenization Reinsurance Fund
- Cardano has pioneered the first tokenization reinsurance fund, "MCM Fund I," in partnership with MembersCap.
- The fund is supported by multiple blockchains, including Aptos, Base, and Solana.
- MembersCap's transaction was recorded on the London Stock Exchange Group’s DMI platform.