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This March 25, Cardano just launched its Off-chain scaling protocol, Ouroboros Hydra, after 5 years of development.

Transactions through Hydra will be more open than through Visa

Hydra is the protocol that helps the Cardano Blockchain improve scalability and significantly reduce latency while using only less storage space on network nodes. Furthermore, the solution allows activities such as micropayments, voting, insurance policies and other uses to be done at low cost or instantly transactable.

This is the culmination of a five-year collaborative research project funded by the European Union, which could theoretically scale to 1 million transactions per second – a throughput that is said to outpace other payment systems. current global accounting.

Using Hydra, each user connecting to the network generates 10 heads, which are throughput lanes for data and transactions. As a result, the system will operate faster when expanding.

Simulations performed by the University of Edinburgh show that each Hydra head can handle around 1,000 transactions per second, but according to the announcement from the project, it is clear that the process can be much more optimized. Not only that, primexbt trading can achieve the maximum number of transactions (in theory) without being limited by network speed, geographical distance and also the number of participants.

“Basically, the bottleneck (the number of transactions that arise too quickly and exceed the capacity of the system) will be the problem of network connectivity between users, not the protocol anymore.” quoted in Cardano’s announcement”

See more: USA delayed the time to report and pay taxes due to the Covid-19

Expert statements about Hydra’s powerful potential

“Solving the question of scalability is seen as a brilliant initiative for the entire bitcoin crypto space. The time has come to adopt a principled and evidence-based approach to the design and creation of blockchain scaling solutions, and this study is a decisive step in that direction – According to Aggelos Kiayias, Director Bitcoin Research Lab, University of Edinburgh”