CandleFocus Cardano Founder Reacts as Cardano Prepares to Welcome First-Ever True Permissionless L2
2024-10-25
Author: Content Editor
Cardano founder Charles Hoskinson has expressed excitement over the launch of Midgard, a fully permissionless layer-2 (L2) solution on the Cardano network. Unlike many other L2 solutions, Midgard aims to achieve a high level of decentralization and trustlessness by utilizing Cardano's extended UTXO (EUTxO) model. Midgard operates without a centralized sequencer, custodial requirements, or multi-signature dependencies, allowing participants to retain direct control over their assets. Hoskinson endorsed Midgard with a Rick and Morty GIF, indicating his support for the innovation. This is one of Cardano's recent developments aimed at strengthening its ecosystem.
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