{"id":138617,"date":"2023-05-05T05:24:31","date_gmt":"2023-05-05T05:24:31","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=138617"},"modified":"2023-05-05T10:51:56","modified_gmt":"2023-05-05T10:51:56","slug":"cardano-ada-price-fails-to-take-off-despite-hydra-launch","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/cardano-ada-price-fails-to-take-off-despite-hydra-launch\/","title":{"rendered":"Cardano (ADA) price fails to take off despite Hydra launch"},"content":{"rendered":"
Cardano (ADA)<\/a> price has stayed relatively stable despite the enthusiasm surrounding the recent launch of Hydra<\/a><\/strong>, a new scaling solution for the Cardano blockchain. About 24 hours ago, the first Hydra head opened on the mainnet, but so far, there hasn’t been much of a market reaction, and the price of ADA hasn’t increased as a result.<\/p>\n Input Output Hong Kong (IOHK), the start-up that developed the Cardano protocol, recently released an update in which it revealed Hydra<\/a>, a family of layer 2 protocols, as the latest standard for scalability on the proof-of-stake (PoS) network. Hydra is intended to make Cardano more flexible and adaptable for various use cases that require quick and inexpensive transactions.<\/strong><\/p>\n Hydra is a family of layer 2 protocols designed to make #Cardano<\/a> more scalable and adaptable for various use cases that require fast and cheap transactions. The first Hydra head recently opened on mainnet.<\/p>\n This video is a great starting point for exploring the current release,\u2026 pic.twitter.com\/g1moYifGNj<\/a><\/p>\n — Input Output (@InputOutputHK) May 4, 2023<\/a><\/p><\/blockquote>\n\n