Advertisement
AD

Main navigation

Advertisement
AD

Cardano Announces New Release for Layer 2 Scaling Solution Hydra: Details

Advertisement
Fri, 28/10/2022 - 11:07
Cardano Announces New Release for Layer 2 Scaling Solution Hydra: Details
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Cardano's solution for ultimate Layer 2 scalability, Hydra, has received fresh updates in a new prerelease version, "Hydra 0.8.0."

Advertisement

According to a GitHub release shared by Hydra lead developer Sebastian Nagel, the new release features several changes to the API, fixed bugs in the Hydra-node and an improved Hydra user experience. It also computes transaction costs as a "min fee" and reports them in the tx-cost benchmark, among several improvements.

Charles Hoskinson, the founder of Cardano, tweeted about the development, which excited the community and led some people to believe that the Hydra launch was imminent.

Advertisement

"We are moving ever closer to a 1.0 release. Keep up the good work, team! Cardano will have multiple ways of scaling up, and Hydra will play a big role in that regard," the Genius Yield Twitter account commented.

The Alonzo upgrade enabled the creation of smart contracts, decentralized applications (dApps) and other applications on top of Cardano.

Among the most intriguing of the recent innovations made possible by Alonzo is Hydra, a key Layer 2 solution to further improve Cardano's scalability by layering a new protocol on top of the existing Layer 1 blockchain.

Related

Hydra, a Layer 2 scalability solution, seeks to increase throughput, reduce latency, incur little-to-no costs and drastically cut back on storage needs.

Recently, Cardano decentralized exchange (DEX) SundaeSwap revealed a successful demo of the scaling solution Hydra. The team is excited about the milestone and maintains that it is a huge leap for SundaeSwap and Cardano scaling journey. Cardano founder Charles Hoskinson, excited also, declared "Hydra is coming to Cardano one DApp at a time" upon receiving the news.

As reported by U.Today, the first Hydra Heads were launched on public testnet in March.

A
A
A

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD