A recent network problem in the Cardano Blockchain brought a new result to assess its potential.
Cardano is a popular scalable proof-of-stake (PoS) Blockchain network. Charles Hoskinson, the founder of this project, was also one of the founders of the Ethereum Blockchain.
Cardano is a commercial Blockchain, unlike Ethereum, which is a non-commercial public Blockchain. The team behind Cardano is known for its development activities in the Cardano ecosystem rather than promotional stunts, unlike other projects.
Just three days ago, it was reported that block production on the Cardano network stopped for a few minutes, but then the network picked up without any network restart process. At that time, the developers also confirmed that it was an expected incident on the Cardano network, as part of their activities in the Cardano ecosystem.
About the Incident
Cardano founder Charles Hoskinson spoke about this on Twitter and confirmed that the entire situation was under the supervision of the Cardano Input Output Hong Kong Global (IOG) engineering team, but no action was taken.
The team noticed that the hat issue was not detectable to users of the Cardano network because the network recovered, and the Cardano edge nodes were working perfectly without any disturbance.
Hoskinson tweeted that “this weekend showed the value of self-healing, fully decentralized networks. A cascade of node stalls can recover and continue operation without noticeable disruption. That’s a truly resilient system and one that will continue to evolve and thrive in the years to come.”
The Community Reactions
Many people in the Crypto Twitter community talked about the recent Cardano network failure, and compared it to the Solana Blockchain network, which faced multiple bugs in the last 12 months, and also went offline multiple times, which was the big reason behind the fall in its price.
Based on the abovementioned, Cardano could be considered a much better network than Solana. It is worth noting that, in the near future, Cardano will provide transactions with higher scalability than Solana, since its hydra protocol is in development activity.
It is worth considering that, according to Simon Peters, an analyst of crypto assets from the eToro multi-asset investment platform, “2022 was a difficult year for investors in crypto assets, with significant price volatility the market had not experienced since 2018. Our 2022 data shows that investors sought refuge in crypto assets such as Bitcoin and Ethereum.” Despite this, investors have continued to look for investment ideas in the crypto asset market and may even have been looking for crypto assets at a discounted price thanks to the weak market. Cardano, then, following this line of thought, appears to be a fruitful alternative.
By Audy Castaneda
