Cardano’s Layer 2 scalability answer, Hydra, continues to obtain additional developments on its technique to mainnet launch.
IOG’s most up-to-date weekly report states that the Hydra workforce ran a demo of Hydra heads on the mainnet. The roadmap was additionally amended.
🪜BASHO: The Hydra workforce ran a demo of Hydra heads on mainnet, cleaned up the roadmap, & held the month-to-month assessment assembly. The Mithril workforce ready the pre-release of the brand new distribution, labored on relational design migration, enhanced error messages & patched a safety situation. pic.twitter.com/5yi97XoP30
— Enter Output (@InputOutputHK) March 31, 2023
Hydra Head, the primary member of the Hydra household of protocols, lays the groundwork for superior deployment conditions.
Hydra goals to extend transaction pace by offering low latency, excessive throughput and minimal transaction prices.
Cardano’s founder commends development of ecosystem
Cardano founder Charles Hoskinson has recommended the expansion of the ecosystem. “The ecosystem continues to develop. Good work everybody,” he wrote in a tweet.
The ecosystem continues to develop. Good work everybody pic.twitter.com/iHR22NWO9S
— Charles Hoskinson (@IOHK_Charles) March 31, 2023
The statistics in a picture shared by the Cardano creator point out that 1,221 initiatives are presently constructing on Cardano, whereas 119 have already launched.
A complete of 63.9 million transactions have been processed on the community. Cardano native tokens stand at 8.06 million, unfold throughout 71,128 minting insurance policies. There at the moment are 7,546 Plutus scripts, of which 2,312 are Plutus v2 scripts.
In associated information, cryptocurrency and NFT tax supplier CoinLedger has introduced help for Cardano and launched an automated tax reporting service for its customers.
As reported, Cardano customers will quickly have the ability to use any Cardano (ADA) pockets to entry good contracts on the Ethereum Digital Machine, increasing Cardano’s utility. This is because of an upcoming characteristic on Milkomeda, a community that hyperlinks EVM contracts to blockchains like Cardano and Algorand.
All EVM customers, together with those that create good contracts, will shortly have the ability to obtain staking rewards because of Milkomeda.