- Cardano achieves 2,500 days of continuous operation, underscoring its robust network stability and technological reliability.
- Charles Hoskinson announces nearing deployment of the Hydra upgrade, aimed at enhancing Cardano’s scalability features.
Cardano has achieved an operational milestone with 2,500 days of continuous uptime, signaling robust network stability. This coincides with Charles Hoskinson’s announcement about the upcoming launch of the Hydra upgrade, which is poised to enhance network scalability.
In a recent update on X, Hoskinson revealed that the Hydra Head upgrade is nearing deployment, addressing earlier speculation about the project’s discontinuation. He clarified that these rumors were unfounded and aimed at spreading Fear, Uncertainty, and Doubt (FUD) within the community.
Are you ready for Hydra at Rare Evo?https://t.co/tJNNcFuE4d
— Charles Hoskinson (@IOHK_Charles) August 2, 2024
He assured the community of the team’s ongoing commitment and productivity in scaling Cardano’s blockchain capabilities.
Hydra, Cardano’s scalability solution, has undergone several updates, the most notable being the transition to version 0.12.0. This update remains compatible with Cardano Node version 8.1.2 and integrates with the Mithril protocol, indicating a strategic enhancement in the network’s architecture.
The team is currently developing version 0.15.0, aiming to further optimize the network’s capacity for handling transactions.
The positive anticipation surrounding the Hydra update has influenced the Cardano ecosystem, especially its Decentralized Finance (DeFi) sector. Notably, a major pool operator suggested that Hydra would activate advanced features on the network, leading to an increase in the Total Value Locked (TVL) and attracting substantial whale activity in ADA holdings.
Additionally, Cardano enthusiast Jaromir Tesar highlighted that the network has reached its 500th epoch, with each epoch lasting five days. This marks a significant period of uninterrupted operation, emphasizing the network’s reliability and efficiency.
Further developments include the launch of Cardano alpha v1, aimed at enhancing security and interoperability with allied chains. This initiative addresses vulnerabilities to low-cost attacks, bolstering the network’s defenses against potential security threats.
These developments underline Cardano’s commitment to maintaining a cutting-edge and secure blockchain environment, fostering growth in its ecosystem and reinforcing investor confidence in its future prospects.
The post Whales Are Betting Big on Cardano’s Next Move – Find Out Why! appeared first on ETHNews.
