Cardano updates early August 2024
Input | Output recently announced they have released a toolkit for partner chains to bootstrap their security by leveraging Cardano’s Staking Pool Operators (SPOs) and thus quickly increase their number of validators. It is also interesting that the toolkit allows mixed consensus between Cardano SPOs and other trusted permissioned validators as well as converting to full L1 if the partner chain wants to at a later point. In other news Hydra a scaling solution for Cardano has demonstrated a capability for incremental decomits. Hydra uses Hydra head protocol between a set of participants to allow fast transactions between the participants. The incremental decomits feature allows the hydra heads to remain open when someone removes funds thus allowing this scaling solution to be more flexible. Hydra is shaping up nicely and recently even was demonstrated to be capable of running Doom aka hydra-doom as an example of using the Cardano Hydra heads.
As a reminder If you want to follow the Cardano price movements we have created a dedicated page for the Cardano Price you can find it here, or if you want to compare Cardano with other blockchain marketcaps we have an overview page here. We also offer Cardano Staking through our platform as well as directly to the pool with ticker ANP.
This text is intended to inform and is not an investment recommendation.
