Cardano Founder Dismisses Hydra FUD

Charles Hoskinson, the Cardano founder, took to social media to debunk rumors of his firm abandoning its layer 2 scaling solution, Hydra.

Hoskinson tagged such criticisms as FUD while emphasizing Cardano’s commitment to improving its blockchain and bringing innovations to the project. He also hinted at other developments surrounding the Hydra protocol including new research papers set to go live soon. 

Charles Backs Cardano’s Commitment To The Hydra Project 

Charles Hoskinson — the CEO and founder of Cardano blockchain — has dismissed rumors surrounding Cardano’s layer 2 scaling solution, Hydra. According to Charles, the rumors claiming that Cardano abandoned the Hydra Project after going live on the mainnet in May 2023 are just FUD- Fear, Uncertainty, and Doubt.

I'm seeing some videos claiming that Hydra has been abandoned. It is just pure FUD. The team has never been more productive and motivated, there is great community engagement and new papers on the way for enhancements to the protocol. If you are ever curious about the project go…

— Charles Hoskinson (@IOHK_Charles) March 16, 2024

He added that the Cardano team is more productive and motivated to enhance the protocol, leading to great community engagement. Charles Hoskinson revealed that new research papers to enhance the protocol will soon go live. 

The Cardano founder’s recent post was met with several reactions, including inquiries about Cardano’s partnership with the Fortune 250 company DISH,  projects in Ethiopia, Africa, and more. 

https://twitter.com/at0mcrypto/status/1769060839569473570?t=9nKPPvl8lmk1wHJQukTidg&s=19

In response, Charles Hoskinson clarified that the ERC20 converter resulted in a singularity net on Cardano, a billion-dollar asset. Charles added that John O’Connor — the CEO of RealFi — is helping Cardano with its development across Africa, and they have successfully trained developers for the Mongolia partnership. 

Cardano’s Hydra Project has always been subject to criticism, and Charles Hoskinson never fails to clarify the rumors. In October 2023, Hydra was rumored to not be capable of completing transactions at a reasonable speed. Charles responded by sharing a TPS chart showing around 1,000 TPS to highlight Cardano’s throughput capability.