- Charles Hoskinson has cleared the community when the Cardano Hydra Doom competition will end.
- He said the development of Hydra is key to driving long-term sustainability.
Charles Hoskinson, founder of the Cardano blockchain, recently discussed the future of Hydra, the network's Layer-2 scaling solution. Launched in 2023, Hydra is designed to improve Cardano's capabilities, such as transaction speed and cost reduction.
Next step for Hydra
Cardano presented December's Hydra protocol capabilities through Doom game testing. Hydra achieved an important milestone after the launch of Doom, surpassing 1 million Transactions per second (TPS), per CNF. report.
The success of the campaign has raised questions about Hydra's next steps. Hoskinson offered insight into the burning questions in a video shared by fans on January 8. While acknowledging the success of Hydra Doom, Hoskinson revealed that the game's tournament will end on January 20th.
Next steps for Hydra @phil_uplc @SundaeSwap @adamKDean pic.twitter.com/GeMqa9zOYn
— Charles Hoskinson (@IOHK_Charles) January 8, 2025
Hoskinson said the game would culminate in a tournament to take place in Las Vegas. A winner will be selected during the event by a competition based on merit. Moving on from Doom, Hoskinson revealed that Hydra will integrate into real applications.
He noted that independent companies such as Anastasia Labs and Sundae Labs have already started building their infrastructure on Hydra. Hoskinson said there are also plans to start a three- to six-month collaborative research and development effort between those companies and Input-Output, the blockchain's lead developer.
The goal is to integrate the Midgard and Gummiworm protocols built by Anastasia Labs and Sundae Labs into the production of Cardano applications. The goal is to integrate Hydra's capabilities into real-world applications such as gaming, Decentralized Finance (DeFi), and payments.
Cardano's founder emphasized that Hydra still needs more work. These include resolving communications between Hydra Heads, which refer to examples of the protocol. There are also plans to introduce technology without knowledge into the Hydra Heads and Hydra Tail protocol.
According to Hoskinson, the goal for Hydra is iterative and not based on a threshold. He explained that Cardano plans to improve Hydra every year rather than achieving unsustainable capabilities. He said improvements to Hydra would continue and expressed excitement about the next phase of the protocol.
Favorable Cardano (ADA) upside
So far, January 2025 has started on a good note for the wider Cardano ecosystem. As CNF mentionedCardano is back in Grayscale's largest multi-asset fund, the Digital Large Cap Fund (GDLC). Grayscale announced that the ADA would be removed from the fund in April.
However, by January 6, Grayscale's website showed that the digital asset had replaced Avalanche (AVAX) in the $811.5 million fund. Cardano's re-intake in GDLC has raised hopes of the launch of the ADA spot exchange-traded fund (ETF).
The launch of the ADA ETF is likely to lead to increased adoption by institutional investors. As these investors inject capital into ADA, the cryptocurrency is expected to rise higher, even reaching record highs.
The change in the shared price was ADA $0.9154 at press time, down 8.7% in the last 24 hours. This sharp decline comes amid bearish sentiments in the market in general.
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Source: https://www.crypto-news-flash.com/cardano-news-hoskinson-discusses-hydras-next-steps-after-initial-hurdles/?utm_source=rss&utm_medium=rss&utm_campaign=cardano-news-hoskinson-discuss -hydras-next-steps-after-initiation-obstacles
