Investing.com – Developers have been working on a possibility for scaling the Cardano blockchain for years. This breakthrough is essential to meet future requirements, when the technology will have to prove its viability on a large scale.
An important step has just been taken in this direction, since the first Hydra heads have been implemented on the public test network.
The Hydra Upgrade is a Layer 2 scaling solution that increases the number of transactions that can be processed per second.
IOHK Fellow Sebastian Nagel explains:
“Today, almost a year after reading Hydra’s white paper [pour la première fois] together we were able to activate the first Hydra heads in the Cardano public testnet. These should be the first to go through the entire init, commit, close, and fanout lifecycle.”
For Cardano founder Charles Hoskinson, this was also cause for celebration, as there were quite a few people who doubted the success of the Hydra concept. He has tweeted :
“I am very proud of the Hydra team for achieving this milestone. This is one of the most advanced and rapidly implemented research projects in the Cardano ecosystem.”
Cardano technical price benchmarks
On the daily chart, ADA continues to trade in an unbroken downtrend. The latest advances in the development of a scaling solution could allow a floor to finally form.
Immediate resistance is found at the psychological mark of $1.00, reinforced by the recent high of $1.0069. Above, the rally could extend towards the 23.6 percent Fibo of $1.3131.
On the other hand, the low at $0.7590 offers direct support. If it is broken, expect losses towards $0.60.
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