Cardano Founder Declares XRP and Midnight Are “100x Beyond” Legacy Finance Systems

Forget incremental upgrades—the next wave of financial tech isn't playing the old game. According to a key blockchain architect, two specific protocols have already lapped traditional systems by a factor of one hundred.

The 100x Gap: More Than Just Speed

It's not just about shaving milliseconds off settlement times. The critique targets the foundational logic of legacy finance—its gatekeepers, opaque fees, and geographic silos. The claim suggests these digital assets have engineered a fundamental bypass, not just a faster lane.

Protocols vs. Paperwork

While banks debate legacy system upgrades over three-year roadmaps, these networks operate on internet time. They execute finality and transfer value across borders using consensus mechanisms, not correspondent banking agreements. The infrastructure is just different.

A Cynical Nod to Wall Street

Of course, the old guard might dismiss this as hype—right before allocating a fraction of their quarterly derivatives profit to a 'disruptive tech' exploratory committee. Innovation often looks like a threat until it becomes a line item.

The assertion is bold, positioning these technologies not as alternatives, but as successors. It frames the current financial evolution as a leap, not a step. The real test? Watching which system the market truly adopts when efficiency and access are the only currencies that matter.

Cardano founder Charles Hoskinson argues that the legacy finance–backed Canton Network cannot match the performance of XRP and Midnight in the real-world asset (RWA) sector. In recent months, several traditional financial institutions, including State Street and BNY Mellon, have partnered on the Canton Network to advance RWA tokenization.

Visit Website