In a livestream earlier this month, Input Output (IO) CEO Charles Hoskinson revealed plans for Cardano for the remainder of this year.
He covered many points, including formal methods, governance structure, and UTXO’s smart contract infrastructure. But of particular note was his mention of Mamba and how it will benefit both users and operators of stake pools (SPOs).
Off-chain scaling in the Basho era
IDE has entered the Basho phase of the Cardano roadmap and is actively working on ways to optimize, scale and collaborate with other chains.
“Basho is about improving the underlying performance of the Cardano network to better support the growth and adoption of high transaction volume applications.”
The key to this is the introduction of side chains and developing the potential they have to extend the capabilities of the main chain.
Sidechains can be thought of as a sharding mechanism that takes the resource pressure off the mainchain, increasing the overall capacity of the network. Another advantage lies in using it to play out experimental features without the risk of compromising the main blockchain.
It takes a two-way mechanism to get the main chain and side chains to talk to each other. While Mamba provides that, as Hoskinson argues, Mamba is more than just a bridge.
Mamba is a full side-chain strategy for Cardano
IDE has been researching and experimenting with side chains for several years now. Mamba represents the culmination of that work in a definitive strategy. When explaining Mamba, Hoskinson said it will give users the option to create their own side chains.
“But Mamba is really the first time in the history of the project where we’ve converged to a point where we have a very crystallized point of view of not only how to connect the chains together, how to operate the side chain, but also a generic footprint.” that if you want the user to create your own side chain how that process works.
By extension, Hoskinson said this is exciting because it allows sidechain operators, including SPOs, to generate separate revenue streams.
“If you have sidechains that have their own tokens and tokenomics, and you’re a stake pool operator and you work not only Cardano but also sidechains, that means you get multiple tokens revenue streams for running your consensus node.”
Future side chains will include the Catalyst project, a community-driven launch pad that uses treasury funding to support promising new projects.
Based on the described low barrier to entry, Mamba has the potential to turn the Cardano chain into a vibrant ecosystem.
More details will follow in the coming weeks, with a presentation at Consensus 2022, which opens on June 9.
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Posted in: Cardano, Technology
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