Cardano Founder Says Hydra Is A ‘Necessity’ For Growing Traffic

Cardano has been at the forefront of growth when it comes to smart contracts capability. Ever since smart contracts debuted on the blockchain, high traffic has been anticipated for the network. Smart contracts on Cardano had been in the works for quite a while and were one of the most anticipated upgrades in the space. Now that this is a reality, the developer has had to move on to building further capabilities to accommodate the anticipated traffic increase. Hydra was built to make room for increased traffic on the network. A Layer 2 solution like Hydra provides the much-needed scalability to maintain high throughputs for the applications on the blockchain. Hydra will also help to regulate fee rates on the blockchain. Thereby providing acceptable fee structures for the users. This makes it a very useful solution and Cardano founder Charles Hoskinson has reiterated the importance of the solution to the network. Hoskinson Says Hydra Is Vital For Cardano Charles Hoskinson organized an AMA (Ask Me Anything) session on YouTube where members of the community were able to send in questions they would like answered. It was during one of these questions that the importance of Hydra was emphasized by the founder. Related Reading | New Ethereum-to-Cardano Bridge Will Provide NFT Creators Eco-friendly Options By Hoskinson’s own admission, an incredible amount of work was being put into the Layer 2 solution. The capabilities that Hyd...