Hoskinson responds to allegations of dishonesty


The rumors about Hydra’s throughput may now be put to rest with the help of the dossier of sources included with Cardano Founder.

Charles Hoskinson, founder of Cardano, is in a bit of trouble due to certain remarks he made in the past that have come back to haunt him. In response to the pundit’s boasts that Hydra can process more than 1 million transactions per second (TPS), the cryptocurrency community is holding his feet to the fire.

After receiving widespread backlash from the community, who accused Charles Hoskinson of being dishonest and deceptive, the creator eventually responded, saying, “I have a source for everything I say.”

On Thursday, October 5th, Charles Hoskinson intervened in a Twitter confrontation to calm the tempest of allegations about the much-debated throughput of Hydra and Cardano. To back up his prior assertion that the Layer-1 protocol may help rocket Cardano’s throughput over 1 million TPS, the divisive crypto pundit didn’t hold any punches and instead brought a dossier of official source material going back to 2020.

Hoskinson, citing the official blog, clarified that the disputed TPS figure was, at most, conjectural. It was designed with the assumption that each SPO (Stake Pool Operator) on the Cardano network would operate its own copy of Hydra in parallel, boosting the network’s throughput to a maximum of 1 million TPS (given that each Hydra head could process transactions at a rate of 1000 TPS).

Hoskinson kept laying out his data, which included TPS charts created by Cardano engineers to simulate the output of 1000 TPS-capable Hydra Heads. The creator continued to back up his claims by citing several academic studies and prestigious periodicals, ultimately concluding that all of his claims were supported by evidence, whether it blog postings, simulations, or academic papers authored by experts in their field.

The creator of Cardano voiced his displeasure with the constant stream of negative feedback he had been receiving, and went on to discredit the TPS measure by arguing that it was an improper match for Cardano’s business plan.

Cardano, as explained by Charles Hoskinson, does not follow the standard TPS model but instead operates on a “transaction per transaction” basis. Because of this, measuring Cardano’s performance by TPS is now irrelevant.

Despite failing to meet the traditional TPS measure, the Cardano network is capable of huge NFT drops, DEX transactions, Oracle transactions, executing sophisticated smart contracts, and more, as the company’s creator pointed out.

Hoskinson again contrasted Solana and Cardano, noting that the latter’s high throughput comes at the expense of data storage. He said that because of Solana’s focus on throughput, the capacity of their network has increased to over 200 terabytes and might eventually reach a petabyte.

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