Thread by @TrachChung

1/ #Cardano is set to🚀w/ SCALING SOLUTIONS

4 Layer-2s are going to empower Cardano🤯

A Thread🧵

#CardanoADA #ADA $ADA #Cardanocommunity

2/ A quick overview, if you're new to Cardano:

• Founded by @IOHK_Charles, formerly co-founder of Ethereum

• Cardano blockchain is running w/o a single day off

• Always in the top 10 cryptos by MC

• 800+ projects on #Cardano

Scaling Solutions (Hydra, L2s) are coming

3/ "Cardano is slow"

First, Cardano is a super decentralized blockchain w/ 3000+ validators, outnumbering other blockchains, ex. Ethereum

The Cardano team prioritized decentralization before scaling up

➔ Cardano's been running for years without a single day off

↓Solutions↓

4/ Scaling Solution Overview

Hydra will be rolled out before June

L2s:
• Milkomeda went mainnet last week

• Orbis, in development

• Hypercycle, in development

Let's break them down🧱

@Milkomeda_com @orbisproject @Hypercycle_AI

5/ Hydra

1M TPS is theoretically viable for Cardano w/ Hydra

It accelerates the speed and reduces the fees

TXs are processed off-chain within Hydra heads (nodes)

The more nodes, the faster the blockchain

6/ Hydra successfully went public Testnet

It will roll out before Vasil Hard Fork in June

Brace yourself, Hydra is comin'

Build Hydra ↓
hydra.family/head-protocol/

7/ Milkomeda is an L2 on Cardano, making Cardano EVM-compatible

It went mainnet last week

• Collab w/ @dcspark_io

• $100M in TVL after only 2 days

• 10 projects (4 DEXs, 4 Bridges, 1 NFT, 1 API) running on @Milkomeda_com

8/ Start Yield Farming w/ projects on Milkomeda using @FlintWallet

@MuesliSwapTeam, @realmilkyswap, and more

https://twitter.com/TrachChung/status/1509445188359720968

9/ @orbisproject is an L2 ZK Rollups on #Cardano

• ZK Rollups: TXs are processed off-chain then bundled to go on-chain

• New programming languages: Pluto & Plutarch based on Plutus Core

• Halo 2 ZK is dev by @ElectricCoinCo

10/ What will Orbis bring to Cardano?

• Cheaper fees since TXs are processed off-chain

• Higher throughput with computational performance

• dApps can run on Orbis w/o scarifying Cardano's security

• Similar decentralized level to Cardano

11/ Hypercycle is an L2 sidechain on Cardano, customized for AI

• A lightweight chain Dev by @singularity_net, behind ERC20 converter

• Proof-of-Reputation prevents attacks

• Ledgerless Protocol➔Lightweight

• Using Hydra framework to process TXs off-chain with warp speed

12/ @Hypercycle_AI Highlights
• Sonic speed, scalability, reliability

• AI applications at scale

• Empowering AGI (Artificial General Intelligence - human-like AI)

• Applying to Finance, Medicine, Supply-chain, etc.

• Value to $AGIX

13/ @singularity_net applies blockchain to AI applications

The team built the most expensive AI robot, Sophia 🤖

• ERC-20 Converter Mainnet on Apr 18th 2022

• An ecosystem w/ 9 projects

• $AGIX w/ $165M MC

➔ Singularity is a competent company that can ship products

14/ We're in the SCALING era called Basho

Cardano is turning into a new leaf with all the scaling solutions above 🍀

It will run at warp speed without compromising the network stability and security

15/ All Metrics Are Up ↑

• 3.2M wallets

• 72% total ADA staked

• Cardano Treasury aka. Project Catalyst has $1B in #ADA

• ...

Source:
datastudio.google.com/u/0/reporting/…

16/ Long-term game with long-term people, @naval

Cardano has been sticking to a step-by-step roadmap, which might be slow but steady.

It is still flourishing, despite the drumbeat of irrational negativities.

https://twitter.com/naval/status/1109704032204009473

17/ Above are all scaling solutions available on Cardano

Comment if there are other ways, I'll dive into them 👀

#ADA $ADA #Cardano #CardanoADA

18/ Don't forget to check out opportunities on Cardano
w/ the Cardano playbook

https://twitter.com/Cardians_/status/1505070435201069056

19/ A thread to avoid mistakes w/ Yield Farming on #Cardano

https://twitter.com/trachchung/status/1509445101877358595

20/ A collection of similar L2s ⬇️

https://twitter.com/Viet_Coin98/status/1510581038497427456