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Charles Hoskinson debunks FUD, confirms active development of Cardano Hydra

TL;DR

  • Charles Hoskinson addresses rumors, confirming Hydra’s active development and progress within the Cardano ecosystem.
  • Hydra, aimed at enhancing Cardano’s scalability, is under continuous improvement, focusing on increased transactions per second.
  • Despite skepticism, updates and enhancements to Hydra demonstrate ongoing efforts to advance Cardano’s scalability infrastructure.

Hydra, Cardano‘s layer-2 scaling solution, remains actively developed and operational despite recent rumors suggesting otherwise. Charles Hoskinson, the founder of Cardano, addressed the rumors directly, emphasizing that the project is more productive than ever. Through a post on X, Hoskinson consistently refuted claims of abandonment, reinforcing the team’s commitment to advancing the protocol.

Since its mainnet debut in May 2023, Hydra has been positioned as a key innovation within the Cardano ecosystem, designed to enhance the network’s scalability. It employs a state channel framework that facilitates the execution of complex transactions and scripts off-chain, aiming to maintain the security and functionality akin to the Cardano mainnet. This development is crucial for improving the network’s throughput, which is a central focus for the team as they work towards increasing the current cap of 1000 transactions per second (TPS).

Charles Hoskinson says news surrounding Hydra is pure FUD

Hoskinson stated that the news surrounding Hydra that it was abandoned was pure FUD. He also provided clarity on the project’s status and progress. He highlighted ongoing work, including bug fixes, optimizations, and the exploration of supporting multiple versions of the protocol. According to him, these efforts are part of the network’s ongoing strategy to ensure Hydra’s success and reliability as a scaling solution for Cardano.

Furthermore, the Hydra team has released several updates since its launch, including an upgrade to version 0.12.0, which remains compatible with key components of the Cardano infrastructure. The team is also working on version 0.15.0, and much progress has been made so far, as per Hoskinnson’s post. 

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Damilola Lawrence

Damilola is a crypto enthusiast, content writer, and journalist. When he is not writing, he spends most of his time reading and keeping tabs on exciting projects in the blockchain space. He also studies the ramifications of Web3 and blockchain development to have a stake in the future economy.

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