- Expert releases EUTXO model on the Cardano network.
- Charles Hoskinson is enthusiastic about the innovation.
- Traders think this innovation can strengthen ADA’s price performance.
An ardent blockchain expert, Rick McCracken has released an Extended UTXO model on the Cardano network. As brought by the innovation, CEO Charles Hoskinson is very excited.
Moreover, Hoskinson couldn’t hold his crypto happiness that made him elaborate in a tweet.
It’s almost as if this EUTXO thing is a really good idea or something
In reply to a question on what EUTXO is, Hoskinson first mentioned that the Cardano network has already implemented the EUTXO innovation. After this, he explained that “EUTXO is the single more useful and scalable model in the industry.”
In fact, Hoskinson’s response shows that he is pretty bullish on having the EUTXO model on Cardano. The EUTXO will provide intuitive support to speed up the ADA network for transactions. Interestingly, this confirms a statement that “evolution is an answer to the emerging innovations.” in the digital finance space.
We present Extended UTXO (EUTXO), an extension to Bitcoin’s UTXO model that supports a substantially more expressive form of validation scripts, including scripts that implement general state machines and enforce invariants across entire transaction chains.
Furthermore, traders strongly believe that Cardano (ADA) is ready to ignite its performance in the market. This will help ADA appear versatile for a better reputation with an impressive portfolio to wipe out the present Fear, Uncertainty, and Doubt (FUD) speculation around it.