Blockchain
Charles Hoskinson thinks good contract protocol Solana (SOL) may theoretically change into a sidechain of the Cardano (ADA) community.
Throughout a brand new YouTube AMA session, Hoskinson lays out what sidechain partnerships appear to be on Cardano.
“For six years now, we’ve been speaking about this, fascinated about this, pushing this ahead, this idea that you’ve got one foremost chain and a household of sidechains and every one in every of them does various things. And the sidechains mannequin of Cardano is that if a sidechain is available in and connects to Cardano, that sidechain is a companion of the primary chain. The primary chain offers safety, it offers infrastructure, it offers an ecosystem and it offers liquidity.
It’s listed on 200-plus exchanges, all these kinds of issues, so you’ve gotten all that scale, and in alternate for that, the companion chain, as a substitute of paying its inflation to miners who’re a nexus inside that chain, it pays the inflation (the block rewards) to the stake pool operators and the ADA holders, as a result of Cardano’s caring for the safety of the sidechain.”
The Cardano founder says a sidechain can have its personal computation mannequin, its personal notion of knowledge availability, its personal community stack and its personal consensus algorithm.
Hoskinson says Solana can be in a significantly better place if it groups up with Cardano.
“So you could possibly take Solana, change the present consensus algorithm with one thing 25 occasions sooner and doesn’t collapse on a regular basis, make it a Cardano sidechain, Solana would then be paid to ADA holders to take care of it (most likely at a decrease inflation fee than they’re presently paying proper now). They don’t have to fret about safety anymore, after which all these DApps transfer over and so they get higher reliability and safety and so they get sooner.”
In October, Hoskinson additionally floated the concept of main memecoin Dogecoin (DOGE) turning into a sidechain for Cardano.