- The Cardano network is preparing itself for the launch of its layer 2 scaling protocol.
- Hydra will potentially enable Cardano to scale up to 2 million TPS.
- As per IOG Hydra is already in its core development phase.
3rd-gen blockchain project Cardano (ADA) has been growing at the speed of light in 2021. Its most-awaited update is the deployment of the Alonzo mainnet, bringing smart contract functionality to the platform.
Extensive research is going on in this regard, as the network wants to prepare itself for large numbers of transactions per second.
In that regard, recently Input Out Global, Cardano’s parent company, also announced that it was working hard and fast on Cardano’s layer 2 scaling solution, Hydra.
They tweeted, “Introducing our new open Cardano Hydra repo where you can find experiments & exploratory work on our scaling solution. It’s early days. But we want to invite you to follow along as we move from research & early code experiments into core development.”
Hydra is already moving out of its code experiments phase and into the core development, as per IOG.
Popular Cardano fan, Aleksandra Huk, thinks Hydra will scale the Cardano network to handle as many as 2 Million transactions per second (TPS). She tweeted this estimate to her Twitter community of more than 90,000. To compare this monumental achievement with, she referred to Visa as an example, stating that their network processes relatively 2,000 transactions per second (TPS).
The #Cardano team is doing extensive research on a Hydra layer 2 scaling solution. Each Hydra head can process around 1,000 TPS. So with 2,000 pools, Cardano could theoretically be able to scale up to 2 million TPS. For comparison Visa network processes approximately 2,000 TPS.
— Aleksandra Huk (@HukAleksandra) May 28, 2021