• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • bitcoinBitcoin(BTC)$28,357.005.81%
    BITCOIN
    24H : 5.81%
    Volume : $22,120,477,246.00
    Marketcap : $549,015,768,304.00
  • ethereumEthereum(ETH)$1,810.535.28%
    ETHEREUM
    24H : 5.28%
    Volume : $11,602,023,149.00
    Marketcap : $218,387,202,485.00
  • binancecoinBNB(BNB)$317.302.68%
    BNB
    24H : 2.68%
    Volume : $685,512,559.00
    Marketcap : $50,153,976,746.00
  • rippleXRP(XRP)$0.57017.15%
    XRP
    24H : 17.15%
    Volume : $5,109,514,380.00
    Marketcap : $29,509,044,404.00
  • cardanoCardano(ADA)$0.38711.17%
    CARDANO
    24H : 11.17%
    Volume : $541,668,865.00
    Marketcap : $13,580,684,526.00
  • dogecoinDogecoin(DOGE)$0.0765.14%
    DOGECOIN
    24H : 5.14%
    Volume : $477,154,094.00
    Marketcap : $10,563,829,275.00
  • matic-networkPolygon(MATIC)$1.148.70%
    POLYGON
    24H : 8.70%
    Volume : $495,020,283.00
    Marketcap : $10,345,335,853.00
  • solanaSolana(SOL)$21.167.15%
    SOLANA
    24H : 7.15%
    Volume : $523,876,997.00
    Marketcap : $8,166,082,394.00
  • polkadotPolkadot(DOT)$6.246.70%
    POLKADOT
    24H : 6.70%
    Volume : $190,100,297.00
    Marketcap : $7,612,558,960.00
  • okbOKB(OKB)$43.271.13%
    OKB
    24H : 1.13%
    Volume : $40,027,377.00
    Marketcap : $2,598,973,772.00
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

Cardano set to unveil scaling plans for 2022 as the number of projects building on the network approaches 200


January 14, 2022 · By MATheGooner
Cardano (ADA)

Cardano’s scaling plans have been updated by the communications director and will be shared in the middle of the month, revealing that there are currently 199 projects building on the network.

The Cardano community was recently alerted in a tweet by Tim Harrison, IOHK Communications Director, of an upcoming mid-month update. The update covers 2022 scaling plans as well as the development of new Cardano-based projects. 

Cardano founder Charles Hoskinson quoted the tweet that included an image displaying that 199 projects are currently building on the Cardano network.

Who wants to be project 200? https://t.co/NTTAz3Gn7F

— Charles Hoskinson (@IOHK_Charles) January 13, 2022

On a Twitter stream in December, Charles Hoskinson stated that over 175 projects were developing on Cardano at the time, with about 11 projects set to launch by the end of Q1 2022. 

As the network prepares to launch a scaling solution, this number has risen to 199, with over 17 projects set to launch by the end of April 2022 at the very latest. 

In September 2021, the Alonzo hard fork went live, allowing smart contracts, decentralized applications (DApps), and other apps to be implemented on the Cardano blockchain.

One of the contributions of the Alonzo hard fork is Hydra, a major Layer 2 solution for increasing Cardano’s scalability by stacking a new protocol on top of the existing Layer 1 blockchain. 

This comes as Cardano works to overcome the scaling challenges that come with achieving the throughput required to support real-world applications, particularly when it comes to network fees, preventing DDoS attacks, and dealing with storage.

Hydra, according to IOHK, is a Layer 2 scaling solution that aims to solve these problems by increasing throughput, reducing latency, incurring minimal to no costs, and drastically reducing storage requirements. 

A Cardano developer hinted at steady progress on the Hydra solution in late December, saying that the next steps will focus on on-chain validations and closing the gap before the testnet launch.

Primary Sidebar

LATEST NEWS

The SEC’s Crypto Crackdown: Operation Choke Point 2.0 Unveiled

March 29, 2023

Binance and CEO CZ sued by US regulator over alleged illegal activity

March 27, 2023

Terraform Labs co-founder Do Kwon fights back against unjustified detention extension

March 26, 2023

Coinbase to strengthen crypto industry future in the US through political donations

March 25, 2023

Arbitrum Airdrop Frenzy: Super Hunters Consolidate Millions in Tokens

March 24, 2023

  • 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

  • Tick-Tock for Crypto Clients: Signature Bank’s Deadline Approaches March 29, 2023
  • The SEC’s Crypto Crackdown: Operation Choke Point 2.0 Unveiled March 29, 2023
  • Binance and CEO CZ sued by US regulator over alleged illegal activity March 27, 2023

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) Decentraland (MANA) Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) FTX Token (FTT) 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) Terra Classic (LUNC) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) USD Coin (USDC) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2023 · Today in Crypto · Terms & Privacy · Log in