Cardano to scale to 1,000,000 tps with Hydra for micropayments
- Cardano introduces Hydra for Payments, improving blockchain scalability
- A demo version of Hydra for Payments will be open to a select set of people, and testers will enjoy faster and cheaper transactions.
Cardano introduces Hydra, a payment developer tool on its blockchain. The team has implemented the tool to help solve scalability issues on the blockchain. The ADA blockchain is expected to perform over 1,000,000 transactions without any significant increase in fees and processing time. The processing power of the main chain (Layer 1) will be improved.
In addition to that, Cardano will make an additional upgrade to the processing time of the off-main blockchain (Layer 2). The two upgrades will promote network performance, higher throughput and lower transaction processing costs. Hydra will act as a platform where users can access micropayments on the Cardano ecosystem.
Cardano introduces Hydra for payments
It will serve as a light wallet for developers to continuously build products that can benefit users. Hydra will reduce operating costs and increase the throughput of the Cardano network. Cardano will accommodate different sets of wallet providers, ensuring onboarding developers experience a familiar setup. In the future, Hydra will integrate a basic back office interface that will provide access to light wallet providers. These providers are required to maintain their own Hydra Head service, inspect their node infrastructure and scale their operations. They can also offer such a service to other providers.
The @obsidian_llc The Hydra team introduces Hydra for Payments – an open source tool for easy payment channel deployment.https://t.co/ewb72fjf41
— Input Output (@InputOutputHK) 10 November 2022
Hydra will have amazing payment features, which will be very beneficial in the Cardano space. The platform will be open source and easily accessible. As previously mentioned, the payment interface will be familiar to developers without the necessary technology. Hydra will be extremely fast and easy to use. It also features a re-designed isomorphic design.
Currently, the Hydra for Payments toolkit is under development, two perspectives of which will coexist. The technical fundamentals will maintain the trust, security and correctness of the Hydra Head protocol. In parallel with this, there will be a feature that will improve light wallet developers’ operating costs, ability to monitor their infrastructure and improve users’ experience.
When is Cardano’s new payment tool coming?
There is no announcement regarding the release of Hydra for Payments on the Cardano blockchain. Cardano promised to add specialized features that would cater to specific micropayment use cases before the platform’s launch. According to Cardano, Hydra for Payment will roll out gradually. The payment interface undergoes important improvement in Q4 2022, thus preventing the immediate implementation of the platform. A select group of people will get access to the demo version of Hydra for Payments. These early testers will use the Head protocol to transfer assets at unmatched speed and cost.
Cardano hopes to implement more improvements to the protocols in 2023. The team may switch to the initial implementation using a Star-Shaped Head Network topology if the validation of new features persists. Cardano is open to feedback, discussions and the contributions from the community regarding the Hydra toolkit.
