Charles Hoskinson is developing a new programming language for Cardano in collaboration with Lucas Rosa, a developer at Input Output Global. The language will support intent-based transactions and proof-carrying data using Groth16 cryptographic proofs. Despite a market capitalization of approximately $8.3 billion for ADA, DeFi applications on the network hold just $63 million in assets, while Solana manages $5.9 billion in DeFi deposits, more than 90 times larger. The Leios upgrade, promised to improve throughput by 10 to 65 times, will be decisive in converting technical advances into commercial adoption.
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