Cardano developers IOHK recently announced its Layer-2scaling solution, Hydra, but when is its release date? Following the Cardano Alonzo hard fork, scaling is fast becoming vital to the Cardano network as it seeks to implement aspects of DeFi such as smart contracts. This article will cover all you need to know about what will hydra do for Cardano.
Cardano Hydra Release Date
IOHK has not set an official release date – or release period for Cardano Hydra L2. However, that doesn’t mean we’re completely in the dark. With “6-12 months” being the medium term for Hydra, it may not be until late-2022, or even 2023, until we see the deployment of Cardano Hydra. This may put Hydra’s launch closer to the Cardano Basho era, which seeks to improve Cardano scaling. Recently hydra has shared its roadmap on Github for better community interaction and feedback. Cardano’s development approach in the past has adopted a rigorous, peer-reviewed methodology. With the same methods used for Hydra, it could still be a while before the L2 integrates with Cardano’s Layer-1.
However, we’ll likely see more of Hydra pretty soon. IOHK confirmed it will talk more about Hydra at the Cardano Summit 2021, set to begin on September 25. Here, IOHK will discuss Hydra’s “progress to date, and goals for the future”, meaning we may get some updates to the Cardano Roadmap that include Hydra dates. IOHK says it will have a developer preview for a hydra-node available ahead of the Cardano Summit.
What Is Cardano Hydra?
As a Layer-2 system, Hydra will seek to scale the widerCardano blockchainby reducing latency and increasing the throughput, or transactions per second (TPS). IOHK states Hydra can reach confirmation times of under one second, compared to the Cardano mainnet latency of 20 seconds. As the Cardano network continues to grow, with moresmart contractsand DApps launching on the blockchain, Hydra will hope to ensure transaction costs remain low.
