• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • bitcoinBitcoin(BTC)$20,189.00-0.62%
    BITCOIN
    24H : -0.62%
    Volume : $20,877,399,049.00
    Marketcap : $385,485,264,752.00
  • ethereumEthereum(ETH)$1,106.48-3.52%
    ETHEREUM
    24H : -3.52%
    Volume : $14,835,527,917.00
    Marketcap : $134,392,458,243.00
  • binancecoinBNB(BNB)$220.87-2.92%
    BNB
    24H : -2.92%
    Volume : $1,048,177,483.00
    Marketcap : $36,063,167,882.00
  • rippleXRP(XRP)$0.331-2.37%
    XRP
    24H : -2.37%
    Volume : $1,087,517,751.00
    Marketcap : $16,006,680,971.00
  • cardanoCardano(ADA)$0.468-0.54%
    CARDANO
    24H : -0.54%
    Volume : $724,230,117.00
    Marketcap : $15,843,277,219.00
  • solanaSolana(SOL)$33.94-4.15%
    SOLANA
    24H : -4.15%
    Volume : $1,300,938,915.00
    Marketcap : $11,663,277,507.00
  • dogecoinDogecoin(DOGE)$0.0706.02%
    DOGECOIN
    24H : 6.02%
    Volume : $526,733,494.00
    Marketcap : $9,303,103,664.00
  • polkadotPolkadot(DOT)$7.03-3.99%
    POLKADOT
    24H : -3.99%
    Volume : $499,216,250.00
    Marketcap : $7,930,919,016.00
  • shiba-inuShiba Inu(SHIB)$0.000010002.59%
    SHIBA INU
    24H : 2.59%
    Volume : $613,228,926.00
    Marketcap : $6,067,166,020.00
  • avalanche-2Avalanche(AVAX)$17.82-2.99%
    AVALANCHE
    24H : -2.99%
    Volume : $475,267,903.00
    Marketcap : $5,029,584,765.00
  • terra-lunaTerra(LUNA)$0.000071-5.71%
    TERRA
    24H : -5.71%
    Volume : $134,734,814.00
    Marketcap : $768,841,921.00
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

Cardano is working on the Hydra Layer-2 upgrade to improve blockchain scalability


September 21, 2021 · By MATheGooner
Cardano (ADA)

After the crypto’s mainnet was upgraded last week, Input Output Hong Kong (IOHK) said that it is working on a layer-2 upgrade for Cardano’s blockchain.

Cardano founder Charles Hoskinson informs his 690,000 Twitter followers that a new project called “Hydra” is in the works on the new Alonzo hard fork to improve scalability and storage.

David Orr of IOHK claims in an explanation video that while Cardano can and does modify transaction fees to balance costs, it cannot keep transaction costs low enough for micropayments to be possible with just its base layer.

Cardano, he says, can’t handle the storage issues that will develop from the increased storage of transaction history on its layer 1 alone. As a result, Hydra is required.

According to IOHK, Hydra could make Cardano transactions take less than a second to complete.



“Terms like ‘one million TPS (transactions per second)’ have been used before. It is a bold number, and while this remains as an aspirational target, the ultimate goal of any system is the flexibility to grow capability with demand… In principle, by adding increasing numbers of Hydra heads to the system, arbitrarily high throughput can be achieved by the system as a whole.”

Primary Sidebar

LATEST NEWS

Michael Saylor’s MicroStrategy acquires $10 million worth of Bitcoin despite the grim market outlook

June 29, 2022

Cardano has updated its proposal to hard fork the network testnet in anticipation for the Vasil’s mainnet upgrade

June 28, 2022

SEC Chair Gary Gensler says Bitcoin is the only cryptocurrency he recognizes as a commodity

June 27, 2022

Anonymous hacker group threatens to expose Terra LUNA founder Do Kwon’s crimes

June 27, 2022

Ethereum whales have intensified their accumulation of MATIC in the past week

June 26, 2022

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • Polygon launches new custom blockchain scaling system ‘Avail’ June 29, 2022
  • Michael Saylor’s MicroStrategy acquires $10 million worth of Bitcoin despite the grim market outlook June 29, 2022
  • Cardano has updated its proposal to hard fork the network testnet in anticipation for the Vasil’s mainnet upgrade June 28, 2022

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bondly (BONDLY) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) Cosmos (ATOM) COTI (COTI) Decentraland (MANA) DeFi Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2022 · Today in Crypto · Terms & Privacy · Log in