- The Leios update will significantly improve Cardano’s speed and scalability, aiming to surpass Solana
- This upgrade could reshape the Cardano vs Solana rivalry, making ADA more competitive in the market
- Investors are eyeing potential price gains for ADA, with some analysts targeting $15 after the Leios launch
Charles Hoskinson has said recently that the Leios crypto upgrade would make his Cardano blockchain far quicker than Solana. Such comments have found their place deep in the crypto community as investors and enthusiasts seek every hint that could signal a strong spike in ADA’s price.
Some analysts predict when the price could attain $15—a lofty goal for the ADA token. But what does that upgrade entail, exactly, and what does that mean for the competition with Solana?
Cardano vs Solana: The Crypto Speed Challenge
For quite some time now, Cardano and Solana have been considered two of the most innovative and promising blockchain platforms in the world of cryptocurrencies. Solana, in turn, stands out for its speed since the Proof of History consensus mechanism established an opportunity for the network to process thousands of transactions per second. Such a trait has made Solana one of the fastest blockchains out there and attracted many developers and DeFi projects.
However, Cardano has placed a greater emphasis on security and sustainability with its PoS consensus algorithm called Ouroboros. Nonetheless, one of the major weaknesses in Cardano has been scalability—mostly due to a lower transaction capacity compared to Solana. Everything could change with the arrival of the Leios upgrade.
What is Leios?
According to Charles Hoskinson, Leios will be one of the pivotal moments in Cardano’s roadmap, meaning the chain will suddenly get a lot faster and stronger. The focus of Leios will lie mainly in increasing the network’s throughput—processed transactions, therefore helping the blockchain to be closer to competing with blockchains such as Solana and even Ethereum.
Leios introduces a set of innovations aimed at the optimization of transaction validation with reduced waiting times and increased capacity to handle large volumes of data. This is actually an important upgrade that will ensure higher speed along with security and energy efficiency as the most important points for the good evolution of the Cardano blockchain in the long run.
The announcement of Leios comes at a time when Solana is gathering momentum in its ever-expanding ecosystem and price growth potential. Competition is fierce between the two blockchains, and Cardano can now have an opportunity to scratch back some of the lost territory with these technological enhancements.
Conclusion
The upgrade of Leios, in general, will provide an excellent chance for Cardano to catch up with Solana in its race for speeding up and scaling. If the upgrade happens as expected, then such a prospect would make ADA’s position in the market stronger and reignite the interest of investors once again.
