📢 The ProPicks AI strategy to watch when Tech rally slows down. It did 2X the S&P in July!Unlock AI Insight

Cardano Founder Shares Crucial Hydra Update

Published 2023-10-07, 05:45 a/m
Cardano Founder Shares Crucial Hydra Update
ADA/USD
-

U.Today - Cardano founder Charles Hoskinson has shared a about the blockchain protocol's flagship scaling solution, , debunking a boatload of misinformation regarding the move along the way. Sharing a live recording post on the X app, Hoskinson debunked claims that Hydra is not as scalable as is being presented by the developer team.

The Cardano protocol shares a weekly update detailing how most of its innovations are faring in terms of development and performance. It appears that the community remains doubtful about the team's updates on Hydra. To address this misinformation, Hoskinson shared a TPS chart showing around 1,000 TPS to highlight Cardano's throughput capability.

The evidence shared not only confirms that Cardano's Hydra throughput is intact — it shows that the protocol has no glitch to warrant the misinformation that is being spread. Hoskinson also took his time to highlight the fact that the exact purpose of Hydra Head has evolved over time.

In this new revelation, the Cardano founder said Hydra is now trying to create a middleware that can enable developers to build sophisticated decentralized applications (dApps) that are resident on the main chain.

Cardano and active dev community

Cardano remains an active blockchain with a massive developer base. Besides the role of Input Output Global (IOG), tasked with the management of the Cardano network, there are a host of other developers building unique products in the ecosystem.

The latest of the new dApps is the Midnight Network, which is designed to help enhance privacy in the Cardano ecosystem. Besides this protocol, Cardano has welcomed other unique dApps in the past year, including but not limited to Lace Wallet, Mithril and among others.

Cardano's developmental efforts have earned it accolades as one of the blockchains with the most active developer network in the Web3.0 world.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.