Hoskinson: Midnight & XRP Ledger Are Already Operating at 100x Scale Compared to Legacy Finance
Cardano founder Charles Hoskinson has once again sparked debate in the blockchain space by claiming that modern Web3 infrastructures like Midnight and the XRP Ledger are already delivering performance levels nearly 100 times greater than many legacy finance experiments. According to Hoskinson, traditional initiatives such as the Canton Network fail to fully capture the core strengths of decentralized systems, particularly openness, scalability, and composability.
Hoskinson emphasized that the real power of Web3 lies in its ability to operate globally, permissionlessly, and around the clock. While legacy finance projects often focus on limited, closed networks designed mainly for institutional use, platforms like Midnight and the XRP Ledger are already handling massive transaction volumes with real-world users. This, he argues, demonstrates how blockchain technology has moved far beyond theoretical potential into practical, high-scale execution.
Midnight, Cardano’s privacy-focused sidechain, was highlighted as a key example of next-generation blockchain design. By enabling compliant privacy, smart contracts, and high throughput, Midnight aims to bridge the gap between regulatory requirements and decentralized innovation. Hoskinson believes this approach offers a far more scalable and flexible solution than traditional financial infrastructure attempting to retrofit blockchain features.
He also pointed to the XRP Ledger’s long-standing track record of speed, low fees, and reliability as proof that Web3 systems can outperform legacy finance today—not in the future. In Hoskinson’s view, the conversation is no longer about whether blockchain can scale, but about how quickly traditional finance will adapt as Web3 platforms continue to demonstrate superior performance at global scale...#XRP #Hoskinson #XRPPredictions #Cardano #Web3 $XRP
