Cardano Clears Air: Hydra Scaling Project On Track!

The co-founder of Cardano and the CEO of IOHK, Charles Hoskinson, has very recently gotten to the bottom of rumors that have been flying around, which have been saying that Hydra has been dropped by Cardano as its layer-2 scaling solution. Contrasting with the general suspicion and false information, Hoskinson posted on the social media platform X on March 18 to make it clear that the active status of Hydra and the commitment to the project was never on the downside, putting the record straight on speculations that the project has been dumped. He said that the claims were just mere FUD.

Being introduced in May 2023, Hydra is set to become yet another milestone in the history of Cardano as it aims to not only facilitate faster transactions but through a more decentralized setting, significantly reducing costs on the blockchain. The Hydra Protocol is pivotal for the “Basho” stage of the Cardano roadmap, which envisages upscaling the network; therefore, its development plays a vastly important role in the growth of the network. The Hydra Protocol Cardano will be able to provide faster transaction speed, support a high transaction volume, and accommodate a multitude of decentralized applications (DApps).

A hullabaloo, started after The Cryptovizer YouTube channel on March 17, had shared an incorrect video that claimed Cardano defied its duty towards Hydra. Hoskinson allegedly imputed this assertion upon his declaration on March 13 regarding a Firefly adaptation, which is yet another scaling solution employed to facilitate easy technical stack construction for enterprises intending to advance and scale Web3 applications.

Hoskinson’s response to the rumors on X was to send a mass tweet to his nearly one million Hydra community members, offering an update about the project’s productivity and the team’s motivation. There, he outlined the community’s collaborative aspect and announced the release of new, peer-reviewed research papers evaluating the protocol’s effectiveness. Hoskinson’s response, in which he and his team harbor highly positive attitudes toward the importance of Hydra in the list of Cardano’s large-scale solutions, confirms their lobbying efforts.

However, this is not the first time when Hoskinson has found himself in the spot to deny such unfounded claims about Hydra. In October, Hydra’s features and ability to scale Cardano’s network were highlighted in a video created by Beth that directly responded to and rebutted fears concerning the network’s scalability. His earlier point was towards displacing the TPS (transactions per second) meter with the transaction-by-transaction mechanism.

Moreover, Hoskinson explained that Hydra had been enhanced to include middleware so that developers could reuse their DApps and simply focus on the attributes of their projects.

Hoskinson’s repetition of these answers shows that he appreciates the value of transparency between him and the community, reaffirming the code of conduct of the Cardano project amidst a gloomy background of speculations. Hoskinson goes the extra mile by involving the community and tackling issues upfront. Hoskinson does so to keep the attention on Cardano’s technological advances and its ability to transform the world of blockchains.

Roxanne Williams

Roxanne Williams has recently joined as a market reporter for CryptoNewsZ - the 24/7 crypto news site, where she produces recent stories, technical analysis and price updates on world's leading cryptocurrencies.

Related Articles

Back to top button