Cardano

2024

Arbitrum

Optimism

<p>For several years, the crypto universe has been searching for solutions to address scalability and decentralization challenges. This quest seems to have taken a decisive turn with the announcement of Cardano during its summit in 2024 in Argentina. By launching Midgard, an innovative and permissionless Layer 2 (L2) solution, Cardano offers a bold alternative, even aiming to surpass Ethereum.</p>
<h2 id="h-une-avancee-revolutionnaire-avec-midgard-l-essence-de-l-innovation">A revolutionary advancement with Midgard: the essence of innovation</h2>
<p>Midgard is not just a simple technological extension of Cardano. Indeed, it is a reimagining of the possibilities offered to blockchains. Unlike other <a href="https://www.cointribune.com/bitcoin-btc-ethereum-eth-quest-ce-que-le-layer-2/" target="_blank" rel="noopener noreferrer nofollow">L2</a> solutions like Optimism or Arbitrum on Ethereum, Midgard is based on trustless mechanisms without a central sequencer.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<div class="affiliate-button"><a class="affiliate-button__link" href="https://coinbase-consumer.sjv.io/c/2801338/552039/9251" target="_blank" rel="noopener noreferrer nofollow">Your 1st cryptos with Coinbase</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noopener noreferrer nofollow">This link uses an affiliate program.</a>
</div>
<p>This autonomous operation provides users with a much stronger layer of security and decentralization. In a space where custodial multisignatures are the norm, Cardano’s choice seems bold and innovative.</p>
<p>Indeed, the EUTxO (Extended Unspent Transaction Output) architecture of Cardano, often criticized for its complexity, finds a pivotal role here.</p>
<p>This structure allows Midgard to operate without dependence on centralized deposit and withdrawal schemes. Indeed, this eliminates risks of centralization in a system that advocates decentralization.</p>
<p>This combination of security and transactional freedom thus gives Cardano a head start.</p>
<p>One of the strengths of Midgard lies in its concept of trustless “fraud proofs,” which enhances the integrity of each transaction.</p>
<p>This approach could, in the long run, redefine user expectations regarding security features in the crypto universe.</p>
<h2 id="h-cardano-le-choix-de-la-differenciation-pour-une-decentralisation-totale">Cardano, the choice of differentiation for total decentralization</h2>
<p>For Philip DiSarro, CEO of Anastasia Labs, Midgard embodies the vision that Cardano has always advocated: a blockchain that is both efficient and truly decentralized.</p>
<p>Unlike other solutions that require multisignature operators, <a href="https://x.com/phil_uplc/status/1849565496116412636" target="_blank" rel="noopener noreferrer nofollow">Midgard removes this centralized control</a>, making each transaction more transparent and free from external interference. This permissionless model is unique and marks a significant evolution in the crypto ecosystem.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div>
<p>The uniqueness of Midgard is striking. It relies on Cardano’s distinctive architecture, a structure that is impossible to replicate on other blockchains like Ethereum or Sui.</p>
<p>DiSarro emphasizes that “Midgard is only possible on Cardano.” According to him, this is explained by the unique characteristics of this blockchain, such as the specific management of UTxOs, the small block size, and much more.</p>
<p>The crypto community also welcomes this step forward with interest. Opinion leaders of the ADA community and even Cardano’s founder, Charles Hoskinson, have enthusiastically supported this vision.</p>
<p>Hoskinson himself shared on social media his agreement with the potential impact of Midgard on the future of <a href="https://www.cointribune.com/quest-ce-que-la-finance-decentralisee-defi/" target="_blank" rel="noopener noreferrer nofollow">decentralized finance.</a></p>

Cardano Is Turning To Ethereum With An Unprecedented Layer 2 Solution!

Table of Contents

Cointribune EN

Other articles published on Oct 27, 2024

Russia and China Strengthen Economic Cooperation During BRICS Summit

Wintermute Builds Significant Memecoin Portfolio in the Solana Ecosystem

Exciting Upgrades Coming with the Launch of ShibaSwap 2.0

Understanding Qubetics’ dVPN, Ripple’s Challenges, and Avalanche’s Price Predictions

Is Solana (SOL) Price Primed for a Parabolic Move? Here’s the Outlook

A Guide to ‘Crypto Bridges’, connecting blockchain networks

Join our free newsletter for daily crypto updates!