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Cardano Founder Dismisses FUD Around Hydra Scaling Development Negligence

Charles Hoskinson confirmed that the active developments around Cardano’s scaling protocol Hydra are going on. 

Cardano is a popular Proof-of-Stake (PoS) crypto network. Hydra is a scalability solution for the Cardano blockchain network, creating multiple side chains to process transactions independently, boosting network performance while preserving security and decentralisation. In May 2023, the Cardano developers successfully activated Hydra on the Cardano mainnet. 

On 16 March 2024, Charles Hoskinson, the founder of Cardano & CEO of Cardano developer firm Input Output Hong Kong Global (IOG), said that recently he found some videos in which people talked about Cardano’s Hydra negatively.

Hoskinson found that many people claimed that the development around Hydra was abandoned by the developers. By addressing such allegations, Hoskinson said that developments are going on around Hydra with highly active, motivated, and engaged with the community.

Furthermore, he said that the developers are actively working on enhancing the protocol and have new papers in the pipeline.

Cardano’s founder suggested all such critics visit the official source to get all the old & new development updates around Hydra.

This is a bitter reality that the Cardano team never promotes its development-related finalised works with the crypto community, which makes it totally different from other crypto projects.

It has been seen several times that Cardano failed to get media attention, as this crypto project is not backed by any Venture Capital (VCs) Investor & all media companies are backed by VCs. 

Ada price action

The current trade price of ADA, the native coin of the Cardano network, is $0.67 & this trade price is 5.5% down over the last 7 days. 

Cardano founder dismisses FUD around Hydra scaling development negligence 1

Read also: Vanguard CEO says Bitcoin is not a store of value

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