Cardano Announces Hydra Increase V0.12.0 Through X, ADA Crypto Price Rises?

Cardano announces network upgrade. (Photo; Doc. CryptoTendencia)

JAKARTA - Cardano developers recently announced important developments in their ecosystem. Sebastian Nagel, a Cardano developer, shared interesting news through X (previously known as Twitter), regarding the latest upgrade to Cardano Hydra, a layer-2 scaling solution that has become the backbone of the protocol.

The Cardano Hydra version 0.12.0 software has been released earlier this week, adding to the new dimension in network development. In its release note, Nagel revealed that Cardano Hydra v0.12.0 is smoothly integrating with Cardano Node v8.1.2 clients and a recently released Protocol by Global Output Input (IOG).

As a result of this integration, this protocol becomes more solid and efficient in supporting Cardano network operations. Cardano Hydra v0.12.0 has entered the mainnet on July 30, bringing revolution to the process of synchronizing nodes on the Cardano network. With this change, this process is not only faster, but also more developer-friendly.

Apparently, this update doesn't stop there. This new version also introduces a new feature for Cardano Hydra associated with Application Programming Interfaces (API). Developers and Web3.0 researchers can now more easily access the new API endpoints presented by this layer-2 scaling solution.

Not only that, this improvement also brings some optimization of the code to improve the performance and security of the Hydra on-chain. With faster performance and better security, Cardano Hydra is expected to achieve new achievements on a protocol development scale.

Furthermore, contributors will share in-depth details about this update on the Rare Evo 2023 show, a cryptocurrency convention scheduled to take place in Denver, Colorado from August 24 to 26. Cardano Hydra has gone through a series of previous upgrades, including a version of 0.11.0 that allows the Layer-2 ledger to be integrated with Cardano Layer-1 with additional timing transaction support.

When discussing its impact on ADA prices, this increase in v0.12.0 can provide a positive boost, as has happened with previous improvements. For example, after Cardano launched Aiken, programming language and toolkit for smart contracts on the Cardano blockchain, the price of ADA jumped 6%.

Within 24 hours of the release of this latest upgrade, the price of ADA rose by 1.51%, currently trading at IDR 4,300. This increase could provide opportunities for Cardano coin holders to respond to market recovery after the weakening that occurred this week.