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You are here: Home / Archives for Sebastian Guillemo

Sebastian Guillemo

Cardano Team Laying Ground To Onboard L2s- Developer

May 31, 2023 by Lipika Deka

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.

Filed Under: Altcoin News Tagged With: ADA, Cardano, Sebastian Guillemo

Cardano’s Load Is 6% Away From Maximum Capacity; What’s Next?

May 10, 2023 by Lipika Deka

Cardano node implements transactions in a first-come-first-serve model but what would happen if the blockchain hit 100% load? Will it prioritize transactions then?

Given that the network load is currently 94%, Sebastian Guillemot, CTO and co-founder of dcSpark and a contributor to Cardano, gave some insight into what users might anticipate in such situations.

Three key factors, in his opinion, should be taken into account:

First, 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 then advised users to closely monitor Stake pool activities because it will soon start offering priority access.

They may sell it to users, and they may sell it to dApps [ex: prioritize one DEX over another] Keep an eye out for how this may impact which DEX is best to use at any given time.

Similar circumstances have been experienced by users before. All three, according to Guillemot, took place in 2021, during the height of the bull market.

“It is best to acquire knowledge now and to be ready because it doesn’t seem like things will slow down”.

The Cardano contributor claimed that things have improved since then as much of the scalability roadmap from 2021 has been implemented.

Cardano’s Roadmap For Boosting Scalability

However, there is still room to improve Cardano’s scalability. Some of these, per Guillemot, include:

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.

Recently, Input Output Hong Kong [IOHK], the firm behind the Cardano protocol announced the launch of the first Hydra head on the mainnet.

The objective of the Cardano Hydra protocol, according to Sebastian Nagel, a developer working on it, is to scale the parent blockchain’s transactions in order to make it more useable.

Hydra is a family of Layer 2 protocols that aims to aid Cardano’s adoption in situations where quick and inexpensive transactions are necessary.

Filed Under: Altcoin News Tagged With: Cardano (ADA), Sebastian Guillemo

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