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Crypto: Cardano strikes back with the Hydra update

Thu 24 Aug 2023 ▪ 3 min of reading ▪ by Ariela R.
Blockchain

Technical advances are of paramount importance to crypto platforms, especially if they are exploited to good effect. Such is the case with Cardano, with the release of its latest version. This major update pledges to redefine performance and security standards within the Cardano ecosystem, strengthening its position in the crypto market.

Cardano crypto platform update
To the delight of the crypto community, Cardano developer shares information about the new Hydra update

Enhanced performance and advanced security on the Cardano platform

Even under fire from critics, Cardano (ADA) continues to move forward. The crypto community is ecstatic at the release of Cardano’s (ADA) new L2 Hydra update. It promises to bring significant improvements to the platform. Thanks to this new update, users can look forward to more advanced performance. Added to this is enhanced security with new endpoints.

According to Cardano developer Sebastian Nagel, the Cardano Node v8.1.2 client and the Mithril signature protocol play a crucial role in this L2 Hydra update. “This release aims to optimize node synchronization processes. This will considerably improve network efficiency”, he explained. By introducing new application programming interfaces (APIs), Cardano Hydra also becomes more accessible to Web3 developers and researchers. The update therefore opens up new opportunities for the Cardano crypto platform.

A strong commitment to the future

The Hydra update also represents an important milestone in Cardano’s journey to 2023. “This update enables Cardano to assert its position by offering innovative solutions that will redefine the future of blockchain platforms,” said Cardano founder Charles Hoskinson (ADA).

Indeed, we know that the Ethereum platform, one of Cardano’s potential competitors, is also in the process of developing its own L2 solutions. To stand out from the crowd, Cardano needs to consolidate its position by offering innovative solutions.

The update will certainly boost the growth of the Cardano blockchain, especially as it is already attracting interest from the crypto community. Nevertheless, precise details will only be revealed at the Rare Evo 2023 convention in Denver, Colorado.

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Ariela R. avatar
Ariela R.

Je m'appelle Ariela et j'ai 31 ans. J'oeuvre dans le domaine de la rédaction web depuis maintenant 7 ans. Je n'ai découvert le trading et la cryptomonnaie que depuis quelques années. Mais c'est un univers qui m'intéresse beaucoup. Et les sujets traités au sein de la plateforme me permettent d'en apprendre davantage. Chanteuse à mes heures perdues, je cultive aussi une grande passion pour la musique et la lecture (et les animaux !)

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.