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.
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.