Cardano developer reveals progress on Hydra . scaling protocol
Cardano announced his Hydra protocol last year and has continued to evolve ever since. Now it provides insight into the Hydra protocol and how much progress the team has made in scaling it. Hydra has evolved In a recently...
Cardano announced his Hydra protocol last year and has continued to evolve ever since. Now it provides insight into the Hydra protocol and how much progress the team has made in scaling it.
Hydra has evolved
In a recently published report the developer of the Cardano network has given more information about the project called Hydra. The developer explains how the development is going and that they are well on their way.
Created by the Ouborous team to increase throughput, minimize latency, and provide cost-efficient solutions without sacrificing storage resources, Hydra continues to evolve.
Hydra has now grown into a proof of concept protocol. This is something that was not in the initial roadmap. This has pushed the project towards “a more defined implementation for the test state MVP”.
There are several Hydra Heads, which comprise a robust network layer between Cardano and other blockchains. There are also other smart contracts that will control the life cycle of a Hydra Head. It works like a mini-ledger, acting in the same way as the Cardano network’s on-chain ledger, but on a smaller scale and off-chain.
The consensus algorithm provided in this protocol requires all parties involved in a transaction to agree before it is allowed to proceed. This provides a very high level of security for those using the protocol. The report reads:
“A consequence of this is that as a participant I cannot lose money that I have not explicitly committed to lose. Why? Because any valid transaction requires my express approval’,
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Cardano on his way to a million TPS
One of the advantages of the Cardano network is how many transactions per second it can process. The proof-of-stake network is significantly faster than Ethereum, its biggest competitor. The project is committed to improving TPS (transactions per second). But that’s not all Hydra stands for.
While TPS may sound like an important metric, the report finds it to be the least meaningful metric to use when conducting a comparison. Transactions can come in different shapes and sizes. The blockchain is working on more scalability, but “scalability is not about a million TPS.”
Instead of looking at TPS, ask the report to look at throughput, finality, and concurrency. These statistics are more important in the grand scheme of things, according to the report. These three metrics represent the volume, speed, and amount of work done.
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