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Charles Hoskinson Breaks Down Long-Awaited Hydra Update, Responds to Haters

Tue, 10/04/2022 - 10:27
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Arman Shirinyan
Cardano co-founder has something to say to Hydra haters
Charles Hoskinson Breaks Down Long-Awaited Hydra Update, Responds to Haters
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Charles Hoskinson broke down the upcoming Cardano Hydra Layer 2 scalability solution that aims to make transactions faster, decreasing latency and increasing the throughput of the network. As expected, there were some haters who expressed their concerns over the upcoming update.

"Cardano never delivers"

The anti-Cardano narrative that promotes the lack of development activity and responsibility in the ecosystem has been going around the pro-Ethereum and Bitcoin communities for a while, despite the network being one of the most actively developed entities in the whole industry.

Another Cardano hater stated publicly that Cardano promised to deliver Hydra by October of last year and stated that the upgrade would be different from what had been promised initially.

The Cardano creator rushed to negate the criticism and said that he was explaining how Hydra would work and showed how different systems will be tied to each other to realize the scaling master plan. Hoskinson also mentioned that Hydra is a public project with an open roadmap available to anyone directly on GitHub.

Hydra is bigger part of story

According to Hoskinson, Hydra is a big story of scalability that will include a real application that will co-develop and integrate Hydra as time goes by. With the Hydra update, transactions will be processed off-chain for a subset of users, while the main-chain ledger would act as a secure settlement layer. Hydra will keep security guarantees while remaining loosely coupled to the main chain, without requiring global consensus.

Hoskinson also noticed how most users simply ignore all the work that has been done and highlighted publicly in various blog posts, cardano360 episodes and other resources, and instead chose to "make stuff up."

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About the author

Arman Shirinyan is a trader, crypto enthusiast and SMM expert with more than four years of experience.

Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.