Leading Proof-of-Stake blockchain Cardano is set for a major update with the introduction of Leios.
This new protocol is developed to solve scalability, security, and decentralization concerns to help network users get more. Charles Hoskinson, the founder of Cardano, disclosed that Leios is exclusive to the Cardano network despite being open-source.
Leios to Boost Speed and Efficiency
In an X post, Cardano insider Tim Harrison shared that Leios is set to introduce a peculiar way of managing transactions on the network. It will work by allowing blocks to be created and processed in parallel.
Image Source: Tim Harrison on X Contrary to the present system, which processes one block at a time, Leios will enable multiple blocks to be ranked and validated simultaneously.
According to the update, this recent development is expected to increase transaction speed without compromising blockchain security and decentralization. Presently, Cardano operates on the Ouroboros Peras protocol. This model prioritizes security but limits the number of transactions that can be processed at a time.
With a throughput of about 12 transactions per second, it lags behind competitors like Solana, which processes thousands. Fortunately for the project, the coming upgrade intends to close this gap by removing some of the challenges slowing down the network’s potential.
Hoskinson revealed that resources have been redirected to Leios, with nearly seven full-time developers working on it. According to Charles Hoskinson, the protocol has been under development for six years.
Image Source: Charles Hoskinson In a previous article, we discussed that Hoskinson mentioned that Leios update was developed to solve the blockchain trilemma. These include decentralization, scalability, and community-driven governance.
Another key change with the Leios upgrade includes a new fee structure. This will allow users to prioritize their transactions based on urgency. The developers are certain that this feature would speed up transactions for platform users who need quick confirmations while keeping costs manageable for others.
Cardano’s Long-Term Plan for Growth
It is important to state that Leios is based on Ouroboros Peras, a previous upgrade that added a voting system to help confirm transactions faster. With Leios, Cardano is taking things further to make the network run even more smoothly. As noted in our earlier post, Cardano seeks to scale its network to accommodate billions of users worldwide by 2030.
Per the update, one of the major transformations Leios will bring is better network synchronization. Currently, nodes execute every smart contract during the syncing process, which slows down performance.
Still, Cardano contributors are certain that the recent upgrade will streamline this process, reducing the time needed for nodes to update and join the network.
Even though Leios is open-source, it will remain exclusive to Cardano for now. Charles Hoskinson explained that while other blockchains could try to create something similar, Leios is specifically designed for Cardano’s ecosystem and will not be easily adapted elsewhere.
Since he made the post on X, it has attracted positive sentiment in the Cardano community. Many experts believe that with its intention of making the network faster and more efficient, Leios could be a potential innovation that will strengthen Cardano’s position in the blockchain industry.