Input Output Hong Kong (IOHK) has announced that Hydra is available on the mainnet, setting a brand new standard for scalability in the proof-of-stake (PoS) network.
In the video shared by Sebastian Nagel, a developer working on Cardano’s Hydra protocol, the purposes for the development of the protocol were mentioned. Nagel said the goal in developing the protocol was to make the main blockchain more usable by scaling transactions.
Hydra Will Offer Cheap and Fast Transactions
Cardano’s long-awaited scaling protocol, Hydra, is now live on the mainnet.
Hydra is considered a layer-2 that aims to support the adoption of Cardano in areas where cheap and fast transactions are required. The development of Hydra is considered one of the most important developments in the Cardano ecosystem this year.
The launch of the new protocol on the mainnet has generated excitement in the community, who believe it will position Cardano as a smart contract hub that is tough to scale and transaction costs.
Commenting on the subject, Nagel stated that the new protocol is the first of the protocols that will help Cardano achieve the ultimate scalability it desires. Nagel also underlined that this is not an upgrade and therefore not subject to any hard fork.
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