Cardano could be on the brink of a major milestone, with founder Charles Hoskinson declaring that the blockchain is just one upgrade away from being “finished” in the sense of being fully bui
Cardano could be on the brink of a major milestone, with founder Charles Hoskinson declaring that the blockchain is just one upgrade away from being “finished” in the sense of being fully built — a bold claim that raises a tantalizing question for ADA investors: could this final push finally unlock the price momentum they have been waiting for?
IOG Co-Founder and CEO Charles Hoskinson has weighed in on whether the blockchain is fully developed. During an exchange on X, a user asked whether Cardano was fully developed overall. Hoskinson’s response pointed to one key milestone still ahead before the network can be considered complete: the upcoming Leios upgrade.
“After Leios, yes. It has everything I wanted to do,” Hoskinson replied. He went on to highlight Cardano’s core features, including decentralized consensus, on-chain governance, the extended UTXO (eUTXO) model, Plutus smart contracts, scalability, security, formal verification, and support for multiple independent node implementations. He also pointed to the network’s capacity for continued improvement and its millions of ADA holders as part of his vision.
Leios is designed to significantly improve Cardano’s transaction capacity and processing speed while preserving its decentralization and security. The upgrade aims to raise throughput from an estimated 5–10 transactions per second (TPS) to around 100 TPS, with a longer-term goal of reaching 1,000 TPS or more. However, achieving those figures will depend on further testing, validation, and network parameter settings.
That said, Leios is far more than a routine network upgrade. It calls for a major overhaul of Cardano’s existing architecture, a complex undertaking that could fundamentally change how the blockchain handles transactions and pave the way for a dramatic leap in performance.
Hoskinson also hinted at an ambitious new initiative involving Midnight, Cardano’s privacy-focused partner blockchain designed to help decentralized applications protect sensitive data while meeting regulatory compliance requirements.
According to the Cardano creator, he is close to completing the conceptual design of an innovation he believes could tackle some of the crypto industry’s biggest challenges. He even described the still-unrevealed concept as the “magnum opus” of his career, hinting at what he considers his most significant achievement yet.
For ADA, Leios and Midnight could prove to be a powerful combination. Faster transactions paired with privacy-focused infrastructure could draw more developers, projects, and users into Cardano’s ecosystem, potentially giving ADA’s long-term growth story fresh momentum. But the real test is whether these upgrades translate into meaningful adoption and stronger demand for the token. Without that, even major technical breakthroughs may struggle to deliver a lasting price rally for the 15th largest cryptocurrency.
