Frederik Gregaard shared a number of high-class use circumstances of the Cardano blockchain and likewise talked in regards to the challenges related to Layer-2 protocols.
Frederik Gregaard is CEO of Cardano Foundation, an impartial, Swiss-based not-for-profit organisation targeted on working in favour of Cardano blockchain community adoption. With out the management of Gregaard, Cardano is nothing within the sensible world. Gregaard has a powerful historical past of labor inside the fintech sector.
Not too long ago the Cardano Foundation CEO appeared in an interview with The Fintech Instances. In the interview, the Cardano Foundation CEO mentioned that Cardano Foundation contributed to the bodily world and likewise stepped ahead to help environmental well being by planting 1 million timber in collaboration with Veritree.
The CEO mentioned that Cardano permits verifying the standard and authenticity of Georgian wine. In collaboration with Georgia’s Nationwide Wine Company, individuals can confirm the standard of wine merchandise simply due to Cardano blockchain expertise.
On the Layer-2 protocols ideas & Cardano Dev’s efforts to extend the community scalability & effectivity, Gregaard mentioned that we can not obtain a really excessive degree of scalability with the assistance of Layer-2 protocols as a result of that can degrade the boldness of crypto community customers citing low decentralisation degree of the community.
So in keeping with Gregaard, scalability & effectivity could be simply achieved with Layer-2 protocols nevertheless it won’t stay decentralised like the character of transactions on Layer-1 networks.
Solana, PoH, & Criticism
Solana is a well-liked Proof-of-stake (PoS) crypto community and this crypto community is thought for its distinctive layer-2 scaling protocol Proof-of-history (PoH).
The present scalability of the Solana community is almost 60k TPS, which is prime within the Crypto sector & nobody crypto community is close to this degree of scalability.
Round two years in the past, Solana co-founder mentioned that the Solana group was focussing on community effectivity & scalability over decentralized nature.
Solana’s co-founder handed a bitter however actual assertion over the Layer-2 protocols however nonetheless, nearly all of the individuals criticised him for that assertion.
Learn additionally: Cardano dev says Hydra can’t process transactions at 1M scalability