It seems that Cardano’s development team has discovered a way to enhance Hydra scaling system.
Cardano’s Major Update on Hydra, Potential Impact on Price
The Cardano (ADA) protocol released its latest update last week, marking another milestone in on-chain activity. According to the update, a total of 117 projects have been launched on Cardano so far and a total of 1,205 projects are currently built on the protocol. The total number of Plutus Scripts recorded in Cardano is 5,857, of which 762 are Plutus V2 Scripts. Cardano blockchain was also reflected in the total number of token policies issued, totaling 70,039. A total of 61.8 million transactions have been recorded, making the network one of the most versatile in the blockchain ecosystem today.
Сardano has had a great year thanks in part to active development work by its developers. Major update on Hydra Protocol was also released in weekly updates. According to the terms of the update, the new way discovered will always push the deadline out, making contestation periods easier to pick depending on the network a head runs on.
Сardano has always prided itself on creating new impetus for itself regardless of market trends. The developers will take note of how well the month started as they continue to hit even more impressive milestones this week. Сardano is priced at $0.3637, up just 0.78% over the last 24 hours. The digital currency has fallen more than 10% over the past week as market languished over the weekend. When the Hydra scaling feature finally rolls out, Сardano will undoubtedly be positioned as the most scalable network, which will have a positive long-term impact on ADA.
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