Cardano founder Charles Hoskinson praised Ripple and the XRP ecosystem for its sustained industry contributions. Hoskinson highlighted that Ripple has launched its RLUSD stablecoin, completed a $1.3 billion Prime Broker deal, and brought hundreds of banks into its ecosystem over its 12-year operational history. The statements came as Hoskinson discussed Cardano's own technical roadmap, including the Leios upgrade that would provide approximately 60x increased processing capacity, and ecosystem expansion through partnerships with LayerZero and Circle under the Pentad initiative.
Hoskinson Highlights Ripple's 12-Year Track Record and Recent Milestones
Hoskinson stated that Ripple has been actively working in the sector for a long time and that the company is taking concrete steps every day. Noting that Ripple has been in the industry for 12 years, Hoskinson said, "You have to keep developing." He specifically cited Ripple's launch of its RLUSD stablecoin, the completion of a $1.3 billion Prime Broker deal, and the integration of hundreds of banks into its ecosystem as evidence of the company's sustained progress.
Cardano Leios Upgrade Delivers 60x Processing Capacity Increase
Hoskinson touched upon Cardano's technical development, stating that the Leios upgrade would provide approximately a 60x increase in in-system processing capacity. Arguing that this development would make Cardano as performant as XRP, Hoskinson added, "We haven't compromised on our principles." The upgrade represents a significant technical milestone in Cardano's scalability roadmap.
LayerZero and Circle Join Cardano Ecosystem Through Pentad Initiative
Hoskinson mentioned plans to accelerate ADA's growth, stating that LayerZero, Circle, and other key companies have been included in the ecosystem as part of the Pentad initiative. He added that growth-oriented teams like AlphaGrowth are also involved, and that commercial products will be developed to increase Cardano's total locked asset value and trading volume. Hoskinson stated that the Cardano ecosystem is also focused on increasing scalability on the technology side, saying, "Everyone is moving forward, we're working 24/7. We all work very hard here and we don't stop. The market isn't where it should be, but it's in a much better state compared to 2018."
Midnight Project Targets Seven Major Blockchain Ecosystems
Hoskinson made statements regarding the Midnight project. He said that Midnight initially focuses on the "big 7" ecosystem, including Bitcoin, Ethereum, Cardano, Avalanche, Solana, BNB, and XRP, and that users from these networks can join Midnight. The project represents Cardano's cross-chain interoperability strategy.
FAQ
What did Charles Hoskinson say about Ripple and XRP?
Charles Hoskinson praised Ripple for its 12-year track record in the industry, highlighting the company's launch of the RLUSD stablecoin, completion of a $1.3 billion Prime Broker deal, and integration of hundreds of banks into its ecosystem. He stated that Ripple is taking concrete steps every day and emphasized the importance of continuous development.
What is the Cardano Leios upgrade and what does it achieve?
The Leios upgrade is a technical enhancement for Cardano that provides approximately a 60x increase in in-system processing capacity. According to Hoskinson, this development would make Cardano as performant as XRP while maintaining the platform's foundational principles.
Which companies joined the Cardano ecosystem through the Pentad initiative?
LayerZero, Circle, and other key companies have been included in the Cardano ecosystem as part of the Pentad initiative. Growth-oriented teams like AlphaGrowth are also involved in the effort to develop commercial products that increase Cardano's total locked asset value and trading volume.
