Cardano Scaling Node Hydra Head Goes Live on Blockchain's Mainnet

The tool, the first in a planned suite of products, aims to speed up transaction times on Cardano.

AccessTimeIconMay 12, 2023 at 7:52 a.m. UTC
Updated May 12, 2023 at 1:42 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Hydra Head, a scaling tool to make transactions on the Cardano blockchain even faster, is now active on the mainnet, the developers tweeted Thursday.

The tool is the first in a planned suite of products. Each Hydra Head works as an off-chain “mini ledger” shared between a small group of participants, helping speed up transactions while lowering fees significantly.

Developers can use Hydra Heads to add specialized, complex decentralized finance (DeFi) protocols on top of Cardano, according to the technical documentatoin.

The node’s release is the latest of several DeFi-focused upgrades on Cardano this year. January saw the launch of Cardano-based decentralized stablecoin djed, and in February, Cardano developer IOG proposed a way of improving cross-chain transactions.

Cardano's native ada (ADA) token is little changed in the past 24 hours, outperforming the broader crypto market which fell 3.3%, according to CoinGecko data.

Edited by Sheldon Reback.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Shaurya Malwa

Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.