Cardano contributor Sebastien Guillemot has disclosed plans to facilitate the building of Layer 2 protocols in the blockchain platform.
His comments came in response to a user’s query about the viability of creating trustless bridges and L2 solutions.
Initially, Guillemot discussed the challenges faced by ADA developers in raising funds for projects related to multi-tiered layers and sidechains.
In order to help resolve the problem, the leading developer created Milkomeda Asset Consolidator [MACC] to collect funding from many networks and combine all sales into a single Cardano asset
According to Guillemot, the MACC will deal with the liquidity challenges projects encounter when attempting to convert their presale token into an asset for their finished product.
With lesser interest from venture capitalists, this consolidation function simplifies the procedure and gives creators entering Cardano’s DeFi environment access to more funding.
Cardano, in Guillemot’s opinion, will top all other platforms for raising money for innovative projects.
The CTO, and co-founder of dcSpark, earlier shed light on what users might anticipate given that the network load reached 94% recently.
According to him, users may have to wait a while for their transaction to show up on-chain. “The further above 100% we get, the longer you will have to wait.”
Sometimes, transactions might not reach the blockchain, when lightweight mempools hit full capacity.
Guillemot claimed that most light wallets like FlintWallet allow users to choose a specific node to which transactions should be routed. “Best to run your own node”, he quipped.
The Cardano contributor also urged users to closely monitor Stake pool activities because it will soon start offering priority access.
Cardano’s Ambitious Vision
Still, there’s still room to make Cardano more scalable. Guillemot cites a few of these as follows:
Increasing the Block sizes once more, more decentralized applications switching to Plutus V2, the use of sidechains & L2s to divert traffic from the L1 [Milkomeda_com, PaimaStudios, Hydra], etc.
As part of Cardano’s scaling roadmap, Input Output, the research wing of the layer 1 blockchain launched Hydra on the main network in early May.
Hydra is a family of Layer 2 protocols designed to enhance its scalability and adaptability, catering to diverse use cases that demand fast and cost-effective transactions.