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Cardano ADA

Cardano To Lead ZK-Scaling Race After Chang? ADA Down 60% In 5 Months

Dalmas Ngetich
by Dalmas Ngetich
9 months ago
·
Posted in Cardano
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Cardano, a smart contracts platform and Ethereum competitor, is transiting and preparing for Voltaire after completing Basho. In the last phase, developers focused on scaling and performance enhancement.

A key part of this transition will be the complete activation of the Chang hard fork. According to Cardanoscan, on August 19, only 33% of all stake pool operators (SPOs) were ready, while 14% of all supportive exchanges were ready.

Cardano chang hard fork readiness | Source:Cardanoscan
Cardano chang hard fork readiness | Source: Cardanoscan

Once all SPOs update their node and the network transits to Voltaire, there will be multiple benefits. One is that Cardano will adopt a decentralized governance model.

Will Cardano Lead The ZK-Scaling Race After Chang?

Beyond this, one observer sharing insights from Philip DiSarro, the founder of Anastasia Labs, said the network would stand to lead the zero-knowledge (ZK) scaling race. In the podcast, DiSarro argues that Chang will give Cardano a considerable advantage, giving the platform a lead in the current “scaling war.”

Related Reading: Crypto Market Flourishes In Turkey Amid Growth In Licensed Exchanges

This lead will be thanks mainly to the additions that the Chang hard fork brings to Cardano. After the hard fork, Cardano will integrate Plutus v2, allowing developers to create and launch smart contracts more efficiently.

The programming language also handles complete computations, which is the core of ZK proofs. Moreover, after the update, features will be ready to enable off-chain computation, which is vital for ZK-rollups instantly.

For this reason, the observer is convinced Cardano, post-Chang, will be unique and won’t be “copied by anyone.” This advantage, the observer continued, gives the network a “huge, unique selling point” regarding ZK scaling.

Ethereum Leads Layer-2s But Transaction Determinism Is Crucial

Ethereum is scaling mostly through optimistic rollups where transactions are bundled and approved offline. The problem with this model is that centralized systems act as intermediaries, watering out the real benefits of approving transactions on-chain.

Some of these centralized systems include a sequencer for ordering transactions. There is also a fault-proof system for ensuring all transactions posted are valid.

Related Reading: Spot Bitcoin ETFs Gains Traction As Institutional Investors Spike In Q2 – Expert

Through Chang, Cardano can adopt ZK scaling as their primary means of enhancing transaction processing. With this choice, off-chain transactions through rollups, similar to Ethereum, will be more effective and decentralized because the platform supports determinism.

The developers’ emphasis on It means all transaction inputs will always produce the same outputs, a feature that suits ZK scaling. Since the same inputs produce the same output, transaction outcomes are highly predictable.

Cardano price trending sideways on the daily chart | Source: ADAUSDT on Binance, TradingView
Cardano price trending sideways on the daily chart | Source: ADAUSDT on Binance, TradingView

 ADA remains under pressure as the network transits, failing to shake off weakness. The coin is down 60% from March 2024 highs and retesting key support at $0.30.

Feature image from Flickr, chart from TradingView
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
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Dalmas Ngetich

Dalmas Ngetich

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Dalmas is an experienced journalist with over a decade in Forex, general finance, technology, and blockchain developments. He is currently a crypto reporter for Bitcoinist, where he covers DeFi, blockchain, DeFi, and latest industry news. His work and that of his partners have been featured in top news outlets, including Forbes, investing.com, CoinTelegraph, and Entrepreneur, among others. He is passionate about technology and politics and is always on the lookout for the latest trends in these fields. He also loves spending time with his family and friends, exploring nature, and traveling to new places. Connect on X: @Dalmas_Ngetich, or message him directly on Telegram here: @Dalmas_Ngetich.

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