Cardano Will Launch Scalability Via Hydra Sharding

There have been years of research and development for the team at Cardano in order to create scaling through the second layer solution, Hydra. As the latest Cardano news show, Hydra is projected to majorly increase the scaling through its many “heads.” The news show that Cardano will launch scalability through the sharding happening on Hydra, which is the network’s latest scalability innovation.

According to the chief at the project Charles Hoskinson, Hydra is the outcome of five years of intensive research and efforts of more than two dozens of team members. The Cardano staking paper was released in November and submitted to USENIX in September. For the first time, the paper is now available to the general public.

As Hoskinson added, Hydra is a major part of Cardano’s primary efforts to establish Ourobouros, a scalable Proof-of-Stake (PoS) protocol that can maintain performance as the adoption increases. Hoskinson added that “the capstone of this entire research agenda is Ouroborous Hydra.”

IOHK is forming a Hydra team that will come and execute Hydra in parallel with Cardano’s other development stages. When it comes to staking, Hoskinson said that the developers will not “start from zero” mainly because of the existing work done by Lighting Labs and other state channel researchers.

Cardano will launch the sharding feature on Hydra and if it is executed successfully, then the network may have to resolve the obstinate scalability issues encountered by Ethereum and its challengers. This is what the blockchain news today show, along with some Reddit updates on the specific thread.

The ADA price analysis shows that the cryptocurrency is down by 5% and ADA is vulnerable at $0.04. The altcoin also got to the ADA market cap and pulled it below. While at its peak the market cap was around $24 billion, while today it is only above $1 billion.

ADA has recently traded in a zone from $0.0407 to $0.0438 and over the past seven days, ADA has encountered a decline in value as it lost around 15%. The volume of the ADA coin traded in the past 24 hours was around $131 million of the whole volume of all cryptocurrencies.

Today’s price of ADA comes in a bearish market where a lot of coins dropped huge percentage points.  The biggest loser in the top 10 is Tezos (XTZ) with 5.15% losses, followed by Litecoin (LTC) and its 4.50% price drop.