- Cardano’s Technical Director Matthias Benkort shared his opinions on the rumors.
- Each Hydra Head is a decentralized “mini ledger” that is shared among group of users.
On Thursday Hydra Head, a scaling solution designed to speed up Cardano blockchain transactions went live on the mainnet. Some in the Cardano community saw this as cause for renewed hope, saying the network could handle 1 million TPS.
This launch follows a string of other Cardano enhancements this year that have all had a strong emphasis on DeFi. The decentralized stablecoin djed was released on the Cardano blockchain in January. And in February, Cardano developer IOG presented a method for enhancing cross-chain transactions.
Speculation Put to Rest
Cardano’s Technical Director Matthias Benkort has shared his opinions on the storylines. Especially, around the release of L2 Hydra on the mainnet, which has been met with great excitement by the ADA community. The developer pointed out that the new scaling solution, Hydra, is now unable to handle 1 million TPS. This was in response to a tweet claiming that Hydra’s release will herald a new era for the Cardano network and the network will be able to handle 1 Million TPS.
No it is not. Please stop spreading the “1 million tps” narrative
, it is misleading.
If you need more information about what is Hydra and what can it do, check:
– https://t.co/D3xqC2Z6Fs
– https://t.co/1x2x1CARLK
– https://t.co/s5rSg1O9rw— KtorZ (@_KtorZ_) May 13, 2023
The CTO said that official figures issued by Input Output Global, the Cardano Foundation, or the Hydra website should be referred to instead of this story.
The Hydra team has issued a statement claiming that their project’s isomorphic architecture would allow it to offer robust features and interfaces without compromising the tried-and-true safety of Cardano’s (ADA) core ledger.
Each Hydra Head is a decentralized “mini ledger” that is shared among a small group of users. In addition to facilitating faster transactions, this also helps keep costs down. Technical literature also reveals that developers may employ Hydra Heads to create complex decentralized finance (DeFi) protocols on top of the Cardano blockchain.
Recommended For You:
