- Unlike critic’s speculation, Charles Hoskinson has confirmed Cardano has not abandoned Hydra.
- The Cardano founder shared new insights into what the Hydra team has been up to in recent times.
Cardano’s co-founder, Charles Hoskison took to the X platform over the weekend to refute claims that developers had given up on the Hydra project, calling these speculations “FUD,” or Fear, Uncertainty, and Doubt. Hoskison’s statement comes as ADA, Cardano’s native cryptocurrency soared to $0.6789 up 0.58% in 24 hours as it eyes the coveted $0.70 mark.
Cardano Hydra: Charles Hoskinson Reassures Community
Hoskinson reassured the Cardano community that the Hydra project is still ongoing, citing the team’s increased productivity, motivation, and active community engagement. He also hinted at upcoming papers outlining protocol improvements, emphasizing Cardano’s commitment to continuous development and innovation.
The co-founder’s statement is in response to a recent video uploaded by The Cryptoviser, which claimed that Cardano had abandoned its Hydra protocol in favor of other scaling solutions. Reiterating Crypto News Flash earlier report, Hydra was introduced in May 2023 as part of Cardano’s roadmap under the “Basho” scaling phase and was intended to improve transaction processing capabilities and lower transaction costs on the Cardano blockchain.
Man, it’s raining FUD this weekend, and I’m not sure about the origin. I guess it’s that time of the cycle where everyone freaks out about Cardano’s potential and roadmap, so they throw a wave of FUD at us.
With respect to World Mobile, the goals of their project require the…
— Charles Hoskinson (@IOHK_Charles) March 17, 2024
However, speculation arose after Hoskinson announced an integration with Hyperledger Firefly, a scaling solution for enterprise-level Web3 applications, on March 13. Meanwhile, this is not Hoskinson’s first attempt to defend the Hydra protocol from critics.
As formerly reported by Crypto News Flash in October, he defended Hydra’s ability to scale Cardano, countering criticisms about throughput by emphasizing the protocol’s focus on transaction-per-transaction efficiency as against the TPS system. At the time, he also mentioned Hydra’s transformation into middleware that allows developers to build Decentralized Applications (DApps) on the Cardano platform.
Hoskinson Defends Cardano’s Collaboration With World Mobile
In a follow-up post, Hoskinson expressed frustration with what he called a “wave of FUD” surrounding Cardano’s collaboration with World Mobile and its scaling roadmap. He clarified World Mobile’s ambitious project scope, emphasizing the need for a specialized protocol capable of supporting billions of users and a wide range of hardware configurations.
Hoskinson reiterated Cardano’s role in providing a secure framework for partner chains such as World Mobile, to promote decentralized connectivity and equitable network access. Hoskinson stated.
“With respect to World Mobile, the goals of their project require the construction of a global scale, heterogeneous protocol that handles complex hardware that is literally flying in the air, licensed spectrum, user driven network growth, and future proofing the quantum reality we are headed towards. No current system in the entire blockchain ecosystem is capable or has technology to resolve a project at this scale involving billions of users. That’s why World Mobile is building it.”
Despite the rumors surrounding Hydra, Cardano has seen promising developments in Decentralized Finance (DeFi), with Total Value Locked (TVL) reaching a new high of $520 million on March 14, according to DefiLlama.
