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Cardano Developer Rejects Claims of 1 Million Transactions Per Second Following Hydra Head Release
- Cardano’s Technical Director Matthias Benkort expressed his views on the circulating rumors.
- Each Hydra Head functions as a decentralized “mini ledger” shared among a select group of users.
On Thursday, the Hydra Head, a scaling solution aimed at accelerating transactions on the Cardano blockchain, was launched on the mainnet. Some members of the Cardano community interpreted this as a reason for renewed optimism, suggesting that the network could support 1 million TPS.
This launch follows a series of other enhancements to Cardano this year, all of which have focused significantly on DeFi. The decentralized stablecoin Djed was introduced on the Cardano blockchain in January. Additionally, in February, Cardano developer IOG unveiled a method to improve cross-chain transactions.
Speculation Addressed
Cardano’s Technical Director Matthias Benkort has shared his insights regarding the narratives surrounding the release of L2 Hydra on the mainnet, which has generated considerable enthusiasm within the ADA community. The developer clarified that the new scaling solution, Hydra, is currently not capable of handling 1 million TPS. This statement was made in response to a tweet asserting that the launch of Hydra would mark a transformative period for the Cardano network, enabling it to manage 1 million TPS.
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No it is not. Please stop spreading the “1 million tps” narrative
, it is misleading.
If you need more information about what is Hydra and what can it do, check:
– https://t.co/D3xqC2Z6Fs
– https://t.co/1x2x1CARLK
– https://t.co/s5rSg1O9rw— KtorZ (@_KtorZ_) May 13, 2023
, it is misleading. The CTO emphasized that official statistics released by Input Output Global, the Cardano Foundation, or the Hydra website should be consulted instead of relying on this narrative.
The Hydra team has released a statement asserting that their project’s isomorphic architecture will enable it to provide robust features and interfaces while maintaining the established safety of Cardano’s (ADA) core ledger.
Each Hydra Head acts as a decentralized “mini ledger” shared among a limited group of users. Besides enabling quicker transactions, this also aids in reducing costs. Technical documentation indicates that developers can utilize Hydra Heads to build intricate decentralized finance (DeFi) protocols on the Cardano blockchain.
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