Hoskinson: These are the circumstances in which Cardano (ADA) and Solana (SOL) will collaborate 🚨 This article is 3 years old...
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Hoskinson: These are the circumstances in which Cardano (ADA) and Solana (SOL) will collaborate
The boss of Input Output Global talks about what it would take for both projects to work together.
2 min read
Updated: Aug. 31, 2021 at 1:17 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Big moves from Solana have thrust it into the crypto limelight. Year-to-date gains come in at a whopping +6,100%, with a significant proportion of that coming over the last two weeks.
The Solana team states the technology employed in PoH enables the network, of 200 nodes, to sustain a throughput of 50,000 transactions a second with GPUs. They also claim the high scalability and quick transaction times have attracted a lot of institutional interest.
“With Proof of History, you can create a historical record that proves that an event has occurred at a specific moment in time.”
With a promising outlook, attention turns to what’s next for Solana. Input Output Global (IOG) CEO Charles Hoskinson has voiced an openness to working together, but that depends on finding common ground.
Hoskinson wants to learn more about Solano
Speaking in his latest AMA, Hoskinson broached the question of collaboration by saying “it’s not my call.” Implying it’s the community’s decision to make that happen if they so choose.
Going further, he spoke about the attention Solana has been getting of late and admitted he knows little about the project. However, he’s “genuinely curious” to find out more.
“I notice Solana’s been getting a lot of adoption and it’s been getting a lot of buzz and talk, and it’s certainly performing well in the markets. Whenever that occurs I always take a step back and say, “ah, okay, who are these guys?” And I am genuinely curious.”
Hoskinson said, to satisfy his curiosity, he had commissioned a business intelligence report. He also reached out to Solana and was given a variety of sources to learn more about the project.
“They were very helpful. They sent me over a Twitter private message, several links and places to look, and I’ll read through it, and I’ll probably have a lot stronger opinion and a lot more to say a little bit later down the road.”
What conditions are needed for collaboration with Cardano?
In terms of forming a partnership, Hoskinson stated, if such a thing were to happen, it would come about either through economic, engineering, or scientific purposes.
“If there was such a thing, it would have to break down to either to an area of economic collaboration. Or an area of engineering collaboration. Or an area of scientific collaboration.”
In other words, the reason to cooperate should not be determined by Solana’s current popularity and strong price movement.
Instead, he welcomes cooperation should they discover shared interests in solving the same problem. However, as of now, there is no relationship between the two projects.
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Samuel Wan
Samuel Wan, a finance professional turned full-time crypto content creator, values individual autonomy and personal freedom in his pursuits.
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Cardano is a decentralized public blockchain and cryptocurrency project and is fully open source.
Solana
$259.274
Solana is a high-performance blockchain platform that utilizes a unique consensus algorithm called “Proof of History” to achieve fast transaction speeds and low fees.
Charles Hoskinson, based in Colorado, stands out as a prominent figure in the blockchain and cryptocurrency sphere.