Hoskinson Elaborates the Role of Mithril in Bootstrapping Blockchains

• Charles Hoskinson discusses the Mithril upgrade, highlighting its compression of historical data for smart contracts and scalability.
• Mithril technology enhances dApps and DeFi platforms.
• Hoskinson explains Hydra’s role in optimizing resource consumption for scaling and security.

In a recent interview, Charles Hoskinson, the founder of Cardano, discussed a significant milestone within the Cardano ecosystem known as the Mithril upgrade. Hoskinson explained that Mithril represents an important advancement in a class of technologies that compresses significant historical data into a compact representation.

According to him, this compressed representation proves valuable for tasks like bootstrapping blockchains for smart contracts. Notably, crypto influencer Corey Costa was the anchor of the live interview with Charles Hoskinson.

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— Corey Costa’s Crypto Coins (@coreycosta123) August 22, 2023

Furthermore, Hoskinson elaborated on the significance of Mithril, citing its utility in scenarios where large blockchain copies need not be downloaded for verification …

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