In the latest “Ask me anything session”, Charles Hoskinson shared the upcoming development work on the Cardano Blockchain network.
Charles Hoskinson, CEO of the IOHK Global team & founder of Cardano, appeared in the latest AMA session on YouTube. However, he was not live from his native location Colorado. As he is in Ethiopia as a part of the Cardano Africa Tour, so he streamed his AMA session directly from Ethiopia.
Through the live session, Charles Hoskinson shared about the many development work on the Cardano, especially about Hydra necessity for Cardano.
First of all, he appreciated the enabled “ERC-20 converter tool” bridge between Ethereum & Cardano to give benefits to the ERC-20 tokens users to take advantage to make transactions at Cardano Blockchain with very low fees.
Further, Charles Hoskinson said that amid huge crypto adoption traffic of transactions are increasing rapidly and in future, it will be at a high level. So the recent Alonzo upgrade that enabled Hydra is a big need for the Cardano blockchain.
“..It’ll be able to offload a large amount of the transaction traffic that’s going to come from all of the apps that are coming”
According to Charles, the incoming Plutus Application Backend (PAB) in the Cardano network will increase a big load on the Cardano network because it will attract developers & users in the Cardano ecosystem. And hydra will be responsible to handle the load easily.
“As PAB comes online, Cardano is going to get hammered by an enormous amount of traffic”
During the session, one of the viewers asked about the possible fud that was spreading in the recent past about the increasing size of the block, actually not increasing the size of the PAB smart contract system. At this question, Charles explained
“..It’s a lie…If you increase the raw amount of storage the block has you, of course, can have more scripts in that block.”