ADA: Blockchain Educator Unveils Unexpected Insights on Cardano’s L2 Scaling Solution Hydra
In a recent Twitter thread, blockchain educator Tobias Ilskov offered a comprehensive update on Hydra, Cardano’s Layer 2 scaling solution. Ilskov’s insights, coupled with a detailed explanation of Hydra by Matthias Benkort, Technical Director of Open Source Development at Cardano Foundation, provide a clearer understanding of Hydra’s current status and future prospects.
Here,
and here: Hydra Head protocol: an open source solution for scalability
and here: Hydra: Head Protocol
Benkort describes Hydra as an open-source framework designed to create off-chain ledgers, thereby enhancing the efficiency of blockchain usage. [...] Hydra is a state-channel solution that allows for fast-paced transactions on a private network, known as a Hydra Head. The transactions can then be settled on the main Cardano chain, making the results of the interactions available to the rest of the network.
As always, developments on Cardano may seem slow compared to others, but at least they put some thought into it - or at least generate plenty of interesting research papers!
The research papers are good! lol
and, like some other companies, the flagship network and coin are only part of their business - this means they can survive even the most hard of drops.
the man, slipping into vlogger effervescence.
The CEO also touched on the Edinburgh Decentralization Index, a new research paper exploring various decentralization and centralization metrics.
more Cardano YTubers
Is it Too Late to Buy Cardano? ADA Price Spikes Up 2% in 7 Days.
more importantly
IOG Continue Blistering Place of Cardano (ADA) Development Work
eg Marlowe smart contracts platform launch on the Cardano mainnet.
https://docs.marlowe.iohk.io/docs/introduction
also read blog post:
https://www.essentialcardano.io/development-update/weekly-development-report-as-of-2023-06-02