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Cardano founder Charles Hoskinson has reaffirmed that Leios – a significant protocol upgrade developed over six years specifically for Cardano – represents the network’s current answer to the blockchain trilemma: balancing scalability, security, and decentralization. Responding to questions on X (formerly Twitter) about potential adoption by other chains, Hoskinson clarified that while Leios is open-source, it remains uniquely implemented on Cardano for now. This confirmation aligns with an earlier announcement from October 2024, when Hoskinson revealed Cardano had shifted resources specifically toward Ouroboros Leios. At that time, the project had nearly seven full-time employees dedicated to its development, underscoring its strategic importance. The shift to Leios came after substantial progress on Ouroboros Peras, an enhancement to Cardano’s consensus protocol. Peras introduced a voting layer that enables faster transaction finality, reducing the risk of block rollbacks. This feature is particularly beneficial for use cases requiring quick confirmation, such as partner chains and centralized exchanges. Related: Hoskinson to Cardano Critics: Where’s the Proof of “No Achievements”? Peras addressed inefficiencies found in the earlier Ouroboros Praos protocol related to how long transactions took to be considered final, thereby boosting security and efficiency within Cardano’s decentralized framework. While building on Peras, Leios pivots its focus heavily toward improving scalability and computational efficiency. Earlier Cardano protocols, including Praos, encountered throughput limitations due to specific data and communication dependencies between blocks. Leios is architected to eliminate these bottlenecks, which enables faster transaction processing and greater overall network capacity. Related: Hoskinson Throws Shade at Ethereum, Touts Cardano’s Governance Model: ADA Price Check Key advancements introduced by Leios include tiered transaction fees, allowing users choice regarding priority, and enhanced chain synchronization methods that reduce the need to execute every smart contract during the node syncing process. Although the Leios protocol code is open-source, Hoskinson’s recent statements underscore that no other blockchain currently utilizes this specific implementation. For the present, Cardano remains the exclusive home for this significant protocol advancement as the network continues to evolve its core technology. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Harpie, an on-chain firewall project designed to protect crypto users from various forms of theft, announced it has ceased operations and will no longer provide its security services. The team, whose mission involved preventing threats like phishing scams and smart contract exploits, acknowledged challenges in finding a sustainable business model to support its long-term goals. According to Harpie’s official announcement, while the project successfully developed valuable security tools, these efforts ultimately failed to achieve the financial viability necessary for continued operation. This outcome occurred despite Harpie securing $4.5 million in a September 2022 seed funding round led by prominent venture firm Dragonfly Capital. The project couldn’t generate enough sustained revenue or user growth to maintain its services. Related: Stolen Funds in Crypto Theft Plummets 54.3% to $1.7B in 2023 For users with assets currently managed or vaulted via the Harpie platform, the company stated it will launch a tool soon that enables transfers to external wallets. Anyone encountering failed transactions using Harpie’s RPC endpoint now is advised to disconnect from it through their wallet’s network settings. Harpie assured users it would provide the necessary tools and instructions to move vaulted assets in the coming days. The company confirmed that commitments related to Harpie’s Season 1 and referral program giveaways will still be honored. Users are encouraged to monitor the official Harpie Discord channel for updates and specific instructions regarding asset withdrawal and reward distribution. Despite closing down, the Harpie team expressed gratitude to its user base. They also hoped the project’s work might inspire other companies to continue developing robust solutions for a safer crypto environment. While Harpie’s specific business model didn’t succeed, its efforts against digital wallet theft and fraud could potentially inform future security innovations within the crypto space. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

$KILO TGE on $BNB Smart Chain exceeds target by over 36,000% The token generation event (TGE) for KILO, held on the BNB Smart Chain in partnership with PancakeSwap on March 27 from 10:00 to 12:00 UTC, received a total commitment of 442,985 BNB. This figure far exceeded the

6.3/ Net Income = Operating Profit + Non-Operating Income + Non-Operating Expenses + Expense Reversal (Average net income of -$400k over 3 months) Non-Operating Income comes from treasury programs like STEP. Non-Operating Expenses cover investments (GCP), treasury program costs, and consulting. The DAO is operating at a loss due to high operational costs. many think this is fine as Arbitrum is in "growth mode", but smart spending is vital for sustainable operations and Arbitrum's growth.

What's your favourite #Blockchain for smart contracts development?