To treat 1 million transactions per second, drastically reduce gas fees on the blockchain, etc. Cardano thinks to go further with its Hydra scaling solution. To say that average transaction fees are the Achilles heel of Ethereum.
Cardano’s Hydra orbiting success
If there is one thing that lowers Ethereum odds, it is its gas fees. So far, no solution has been proposed to remedy this evil. Right now, Ethereum Helplessly Witnesses Mass User Exodus in search of warmer skies.
On the other side, Cardano continues to improve its ecosystem to conquer market share, and why not recover the disappointed Ethereum. Thus, at the beginning of this month of May, IOHK announced the put his first hydra head online. This is Hydra, a family of layer 2 protocols that will allow Cardano to achieve its goals.
” [Hydra] 0.10.0 is available!
After demonstrating Hydra heads on the Cardano mainnet in recent monthly review sessions, we released the first mainnet-compatible version of hydra-node today.
Check out the full release notes here […] »
In a publication dated May 12, Crypto Slate revealed that the team behind cardano just updated the Hydra Node API. A Quick Start Guide was also shared to quench users’ thirst.
Here is an excerpt from that guide:
” Operating a Hydra head means operating a Hydra node connected to other Hydra nodes and connected to a Cardano node. A functional Cardano node is therefore a prerequisite for operating a Hydra head. »
More innovations will come
This is Cardano’s promise in fact. Its developer Sebastian Nagel has indeed said that there will be other hydra heads to be put online gradually on the network. Each of them constitutes a off-chain accounts mini-log intended for small groups of users.
In any case, Cardano’s objective with its Hydra heads is clear:
- reach 1 million transactions per second;
- and reduce average transaction fees on the blockchain.
It should be noted that Cardano is constantly bringing innovations within its ecosystem. Already, the company has successfully issued DJED, a decentralized stablecoin.
We should also mention the development of DeFi activities on the network. According to DeFillama, the total value of assets locked on the network is $140.53 million at this time.
And we must not forget that Cardano is in the process of beat all recourseaccording to its annual report.
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