Charles Hoskinson, Cardano (ADA) founder, stated he’s “recreation” to assist Kraken crypto trade construct its layer-2 community, in keeping with a Nov. 12 post on social media platform X.
Layer-2 networks are scaling options that present scalability and velocity to a layer-1 blockchain. These tasks have change into common just lately because of their low-cost transaction charges and talent to enhance transaction velocity on layer-1 blockchains.
Hoskinson didn’t present extra data on how Cardano may assist Kraken construct its layer-2 community answer.
Nevertheless, Conrad, a Cardano-based Blade pool operator, identified that Kraken would get pleasure from Cardano’s safety and group if it chooses to construct on it. He said:
“Think about Kraken benefitting from essentially the most decentralized L1’s safety, benefiting from all that Cardano has constructed during the last 5 years whereas constructing your personal L2. Not solely that however you’ll get the whole group behind you instantly.”
Cardano already has a thriving blockchain ecosystem, together with the Hydra layer-2 answer launched in Might.
Final week, speculations emerged that Kraken could be contemplating the event of a layer-2 community. In response to reviews, hypothesis included collaboration with crypto companies like Polygon or Matter Labs to develop the rumored layer-2 protocol.
Nevertheless, Kraken failed to substantiate or deny the rumors, saying it’s “at all times trying to determine and resolve new business challenges and alternatives.”
Cardano floats blockchain information administration system.
Hoskinson’s suggestion comes on the heels of the introduction of Ledger Sync, a Java-based information provisioning software on the Cardano blockchain. This software is designed to grant builders entry to Cardano Blockchain’s information.
Cardano explained that the framework will likely be made obtainable beneath an open-source license, offering builders and companions with an extra software for chain indexing and enhancing the variety of the Cardano developer ecosystem.
Moreover, Cardano highlighted that the creation of Ledger Sync addresses challenges associated to information retrieval confronted by blockchain-based programs.