Cardano’s solution for ultimate Layer 2 scaling has progressed
Cardano’s solution for ultimate Layer 2 scalability, Hydra, has received fresh updates in a new prerelease version, “Hydra 0.8.0.”
According to a GitHub release shared by Hydra lead developer Sebastian NagelThe new release includes several changes to the API, fixed bugs in hydra-node, and an improved hydra user experience. It also calculates transaction costs as “minimum fees” and reports them to the tx-cost benchmark, among many 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.
The Genius Yield Twitter account commented, “We are getting closer to the 1.0 release. Keep up the good work, team! Cardano will have many ways to scale, and Hydra will play a big role in that regard.”
The Alonzo upgrade enabled the creation of smart contracts, decentralized applications (dApps) and other applications on top of Cardano.
The most interesting of the recent innovations made possible by Alonzo is Hydra, a leading Layer 2 solution to further improve Cardano’s scalability by layering a new protocol on top of the existing Layer 1 blockchain.
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 this achievement and says it is a huge leap forward in the expansion journey of SundaeSwap and Cardano. Cardano founder Charles Hoskinson was also excited, declaring “Hydra is coming to Cardano One DApp in one go” upon receiving the news.
As reported by U.Today, the first Hydra Heads were launched on public testnet in March.
