Hydra, Cardano’s Two-Layer Scalable Solution, to Release Main Network Beta

According to reports, InputOutputHK revealed on social media that Hydra, the Cardano two-layer scalable solution on the chain, is about to release its main network beta. According to the IOG release weekly, the Hydra team is currently exploring node main network compatibility, and has added a gold test suite to the Hydra Plutus script. At this stage, Hydra has imposed restrictions on main network testing (no more than 100 ADAs per submission) and detected Hydra node misconfiguration. According to the latest statistics from IOG, up to now, there are 1215 projects under construction on the Cardano chain, of which 118 projects have been officially launched, and a total of 63.5 million transactions have been processed.

Cardano Chain Layer 2 Scalability Solution Hydra is about to release a beta version of the main network

Introduction

Recently, InputOutputHK announced on social media that Hydra, the Cardano two-layer scalable solution on the chain, is set to release its main network beta. This release is expected to be a major milestone for Hydra’s development and will bring numerous benefits to users. In this article, we’ll explore what Hydra is, its key features, and what the upcoming main network beta release means for the Cardano community.

What is Hydra?

Hydra is a two-layer scalable solution developed by the Cardano team that aims to solve the problem of scalability. It improves the network’s capacity and speed by enabling parallel processing of transactions, making the Cardano blockchain faster and more efficient than other blockchain networks.

Key features of Hydra

One of the key features of Hydra is parallel processing, which allows a large number of transactions to be processed simultaneously. This enables Hydra to offer faster transaction times and greater network capacity, which makes it an attractive solution for businesses and organizations that need to process large volumes of transactions.
Additionally, Hydra uses Plutus scripts, which are programs that run on the blockchain, to handle transactions. This makes Hydra more flexible and customizable than other blockchain networks, allowing developers to create complex smart contracts and decentralized applications (dApps) that can offer a wide range of functions.

Main network beta release

According to IOG release weekly reports, the Hydra team is currently exploring node main network compatibility and has added a gold test suite to the Hydra Plutus script. However, Hydra has imposed restrictions on main network testing, allowing no more than 100 ADAs per submission and detecting Hydra node misconfiguration.
Despite these restrictions, the upcoming main network beta release is expected to bring numerous benefits to the Cardano community. It will provide a more efficient and scalable blockchain network, making it easier for businesses and individuals to use the Cardano network for their transactions and dApps.

Cardano’s construction projects and transactions

According to IOG, there are currently 1215 projects under construction on the Cardano chain, of which 118 projects have been officially launched. A total of 63.5 million transactions have been processed on the blockchain network so far, which shows the increasing growth in adoption of the Cardano blockchain.

Conclusion

The upcoming main network beta release of Hydra is a major milestone for the Cardano community. It will provide a more efficient and scalable blockchain network, making it easier for businesses and individuals to use the Cardano network for their transactions and dApps. With IOG’s focus on continuing development of the Cardano network and the increasing growth in adoption, the future looks bright for Cardano and its community.

FAQs

Q1: What is Cardano?

Cardano is a blockchain network that supports the use of smart contracts and dApps. It aims to provide a more secure, efficient, and scalable blockchain than other blockchain networks.

Q2: What is a Plutus script?

A Plutus script is a program that runs on the Cardano blockchain and is used to handle transactions. It allows developers to create complex smart contracts and dApps that can offer a wide range of functions.

Q3: What is parallel processing?

Parallel processing is a technique that enables a large number of transactions to be processed simultaneously. It improves the network’s capacity and speed, making it faster and more efficient than other blockchain networks.