Charles Hoskinson thinks sensible contract protocol Solana (SOL) may theoretically turn 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, eager about this, pushing this ahead, this idea that you’ve one fundamental chain and a household of sidechains and every certainly one 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 principle 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 some of these issues, so you’ve all that scale, and in change 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 taking good care of 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 could be in a significantly better place if it groups up with Cardano.
“So you would take Solana, exchange 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 (in all probability at a decrease inflation charge than they’re at the moment paying proper now). They don’t have to fret about safety anymore, after which all these DApps transfer over they usually get higher reliability and safety they usually get sooner.”
In October, Hoskinson additionally floated the concept of main memecoin Dogecoin (DOGE) changing into a sidechain for Cardano.