Cardano Primed for Meteoric Surge as First Hydra Head Opens on Mainnet

Cardano Primed for Meteoric Surge as First Hydra Head Opens on Mainnet
фото показано с : zycrypto.com

2023-5-6 17:11

Cardano’s highly-anticipated Hydra upgrade has finally arrived, with the first Hydra Head now open on the Cardano mainnet. 

According to a Thursday announcement by Input Output Global (IOHK), the team behind Cardano, hydra head version 0.10.0, was released in late March on the mainnet, setting pace for other releases in its category aimed at boosting Cardano’s performance.

Hydra is a layer 2 scalability solution for Cardano that aims to increase transaction speed through low latency, high throughput, and minimized transaction cost. The Hydra family of protocols was designed to make Cardano more scalable and adaptable for various use cases that require fast and cheap transactions.

“Our goal is to make Cardano possible to grow and increase its adoption by making it more scalable. We do that by building several protocols to make these situations possible,” Sebastian Nagel, lead software engineer of Hydra, noted.

Nagel further emphasized that the Hydra family of protocols is meant to help Cardano become more scalable and flexible in several use cases. Hydra Head protocol is the first of many building blocks on Hydra aimed at enabling applications to offload some transactions from the global Cardano network into more local contexts, where the transactions are only run by involved parties, increasing transaction speeds.

Nagel further clarified that Hydra is not a network upgrade, meaning no hard fork will be involved.

“Hydra is not a network upgrade, so there is no hard fork. There’s nothing really the whole network is waiting on-it’s just flipping a switch, and everything is fast,” he added.

However, Nagel emphasized that it is not yet a finished product, and there will be more releases to incorporate more use cases.

You now have this version 0.10.0 available. It’s not done yet, but it is a very good starting point. There will be more releases to incorporate more user needs. Our focus lately has been making it possible to run on the mainnet. Our next focus is really to bring in more use cases,” he went on.

The release came days after Cardano developers’ showcased the progress of the Hydra Head running smoothly on the mainnet. That said, the release of version 0.10.0 is a significant milestone for the blockchain and its ecosystem. It represents a major step forward in developing Cardano’s scalability and ability to handle complex smart contracts. Furthermore, as the Hydra family of protocols expands, Cardano is well-positioned to take advantage of its scalable solutions and attract new users and projects to its network.

Meanwhile, the news has strengthened ADA, trading at $0.38 at press time, up just over 2% in the past 24 hours as per CoinMarketCap data.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Cardano (ADA) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.576
Капитализация $0 Rank 99999
Цена в час новости $ 0.3947 (-100%)

cardano hydra head mainnet arrived finally primed

cardano hydra → Результатов: 56


Charles Hoskinson defends Hydra as Cardano DeFi thrives

Cardano (ADA) co-founder Charles Hoskinson has refuted claims that Hydra, the layer 2 scaling solution for the Cardano blockchain, has been unsuccessful. In an Oct. 5 video on social media platform X (formerly Twitter), Hoskinson revealed how Hydra has pivoted during the last three years and that measuring the network’s activity by transactions per second […] The post Charles Hoskinson defends Hydra as Cardano DeFi thrives appeared first on CryptoSlate.

2023-10-7 18:50


Cardano Launches First Hydra Head For L2 Scaling, But Why Is ADA Dropping?

The first Cardano Hydra Head is now live on the mainnet, but this is not preventing bears from pinning down ADA, the native currency of Cardano, going by its performance on the daily chart. Scaling Cardano Using Hydra Heads According to Cardano documentation, Hydra Head will be the first in a suite of protocols that will help the smart contracting platform further process more transactions.

2023-5-5 13:28


В основной сети Cardano запустили L2-протокол Hydra

Стоящая за разработкой проекта Cardano компания IOG сообщила об успешном запуске в основной сети решения второго уровня — Hydra. Hydra is a family of layer 2 protocols designed to make #Cardano more scalable and adaptable for various use cases that require fast and cheap transactions.

2023-5-6 12:06


Фото:

Major Milestone: Cardano Unveils Hydra Sharding Which Is A Crucial Breakthrough In Scalability

Cardano creator Charles Hoskinson recently revealed that researchers at IOHK are a step closer to bringing more scalability to the Cardano blockchain via a second-layer sharding solution, Hydra. Hydra Took Five Years Of Intense Work In a live video yesterday (March 9), IOHK CEO and Cardano creator Charles Hoskinson talked about a ground-breaking achievement for […]

2020-3-10 16:33


Спустя 5 лет разработки Cardano представила новую технологию масштабирования Hydra

Результатом пятилетних исследований команды разработчиков Cardano стала новая технология шардинга Hydra, позволяющая значительно увеличить масштабирование второго уровня с помощью так называемых «голов гидры».

2020-3-10 14:47


Чарльз Хоскинсон: Обновление Hydra решит проблему масштабирования блокчейна Cardano

По словам основателя стартапа IOHK Чарльза Хоскинсона, обновление Hydra позволит значительно повысить пропускные возможности блокчейна Cardano. После внедрения такого решения в работу сети оно сможет в секунду обрабатывать более 1 млн транзакций.

2020-3-10 13:39