- Charles Hoskinson’s claims of Hydra achieving a throughput of one million TPS have come back to bite him.
- The Cardano founder clapped back with a comprehensive trail of evidence to back his claims.
- Hoskinson clarifies that it is pointless to measure Cardano’s throughput with the conventional TPS metric.
Cardano Founder Charles Hoskinson finds himself in hot waters after his comments from the past come to haunt him. The crypto community is putting the pundit’s feet to the fire for his bold claims of Hydra achieving a throughput of over one million transactions per second (TPS).
With the community raining down criticism and accusing Hoskinson of being dishonest and misleading, the founder finally broke his silence and fired back, firmly asserting that everything he says has a source.
Hoskinson Clears the Air
In a Twitter showdown on Thursday, October 5, Charles Hoskinson stepped up to quell the storm of accusations surrounding the much-debated throughput of Hydra and Cardano. The contentious crypto pundit didn’t pull any punches as he came with a dossier of official source material dating back to 2020, all aimed at substantiating his earlier claim that the Layer-1 protocol could help soar Cardano’s throughput beyond 1 million TPS.
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Drawing straight from the official blog, Hoskinson revealed that the TPS number in question was more of a hypothesis. It was built upon the premise that every SPO (Stake Pool Operator) on the Cardano network would simultaneously run an independent Hydra head, allowing the network to achieve a peak of one million TPS, considering each head reached speeds of 1,000 TPS.
Hoskinson continued to lay out his trail of evidence, featuring TPS charts from Cardano engineers, simulating the throughput of Hydra Heads churning out around 1000 TPS. To bolster his position further, the founder then pointed to an array of research papers and esteemed journals, concluding everything he said had source material, be it blog posts, simulations, or papers written by people who are held to high standards.
The Cardano founder expressed his discontent with the barrage of criticism and negativity that came his way and went on to debunk the TPS metric, suggesting it was a square peg trying to fit into Cardano’s model.
TPS Not For Cardano
Hoskinson clarified that Cardano didn’t conform to the traditional TPS system but operated on a “transaction per transaction” basis. This rendered the TPS metric obsolete for evaluating Cardano’s performance.
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He noted that despite being unable to conform to the conventional TPS metric, the network was still doing large NFT drops, DEX transactions, Oracle transactions, running rich smart contracts, and more.
Hoskinson also compared Cardano with Solana, highlighting that while the latter is known for its high throughput, it comes at a cost in terms of data storage. He pointed out that Solana’s network has grown to over 200 terabytes in size due to its emphasis on throughput and could potentially reach a petabyte if it continues along this path.
On the Flipside
- Earlier this year, a Cardano developer dismissed rumors of Hydra achieving one million TPS and labeled them as misleading.
- Recently, a renowned crypto researcher cast doubt on Cardano’s scaling effort, suggesting that it wouldn’t be sufficient to compete effectively with other blockchains.
Why This Matters
With the crypto community holding founders and researchers to high standards, Charles Hoskinson’s clarification was vital considering the misinformation surrounding Hydra.
Follow up on how Cardano is performing:
Cardano Struggles to Hold Sway Despite Uptrend, ADA Down 6%
Read why the Stablecoin market is shrinking:
USDT and DAI Resilient Against Shrinking Stablecoin Market
