🧠 Hydra Head is the first in a suite of Hydra protocols that aim to increase network scalability. It's an L2 solution that works as an off-chain mini ledger between a small group of participants – similar to the main on-chain ledger but faster, more cost-efficient. #Cardano 1/n
🔎 Hydra Heads are fast, scalable, isomorphic, and customizable.
Hydra Head transactions and ledger rules are similar to #Cardano’s mainnet, which allows easy support by existing systems like #DApps and wallets. 2/n
Hydra Heads are most beneficial to be used by a small group of participants who need to process many quick interactions. Use cases include bank-to-bank transfers, pay-per-use API services, #NFT auctions, and light wallet micropayments among others. 3/n
🤝 The IOG Hydra team has been collaborating with @obsidian_llc on the implementation of Hydra for Payments.
This is one of the showcases of how light wallet providers can establish lightweight payment channels in the #Cardano ecosystem.
4/n
Hydra for Payments is the developer toolkit, fully open source, that will simplify the use of the Hydra Head protocol for a variety of payments on #Cardano.
And if you’re interested to get involved in conversations about other potential uses of the Hydra Head protocol
👉 Join the Hydra Discord channel bit.ly/3T2bthe
👉 Join GitHub discussions (github.com/input-output-h…)
👉 User documentation: hydra.family/head-protocol/
6/6
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Continuing live on stage, and here on the livestream, IOG's @khstandrews presents more on P2P #Decentralized networking and creating a fully decentralized and self-organized network.
@khstandrews Fun fact: Cardano turned five this year! Did you miss our blog celebrating the innovations happening across the ecosystem? Check it out here: iohk.io/en/blog/posts/…
As we continue looking back at Cardano’s milestones, today we focus on Shelley, Cardano’s second development phase. #CardanoADA
🧵 1/n
The Shelley phase
Shelley was a period of growth and development for the network, encompassing the critical early steps in Cardano’s journey to optimize #decentralization.
🧵 2/n
This phase saw the complete re-implementation of the Cardano node for improved reliability, assurance, and performance, and the ability to maintain and evolve the node over time.
Over the next 7 days, we’ll look back at #Cardano’s previous development phases as we prepare for #IOScotFest and the #CardanoSummit. Let’s start where it all began: with Byron.
🧵 1/n
The Byron phase:
The first incarnation of Cardano allowed users to buy and sell ada on a federated network running Ouroboros Classic, the first academic research-based proof-of-stake protocol with a mathematically-proven level of security.
🧵 2/n
This phase also saw the release of two Cardano-native wallets:
Daedalus, IOG's official desktop wallet for ada
Yoroi, a light wallet by EMURGO for quick transactions and day-to-day use
Pioneer, polymath, and harbinger of a new era of women in science and technology. IOG would like to highlight some notable female-led projects on #Cardano.
✨Born in 1815 to English poet Lord Byron and his wife Lady Anne Byron, Ada Lovelace is widely recognized as a pioneering female in the fields of mathematics and early computer science.
Ada worked closely with English polymath Charles Babbage, and is credited with publishing an algorithm intended to be used with Babbage's proposed programmable machine. Ada's ahead-of-its-time work earned her an enduring legacy.
Daedalus 5.0.0 Mainnet release supports node version 1.35.3 and is #Vasil compatible. 1/5
This release also fixes the following known issues:
✔️older Daedalus executables that didn’t get deleted after auto-update
✔️errors when selecting syncing wallets during delegation/redeem ITN rewards process
2/5
Plus:
✔️system using previous amount of tokens to be sent even if user alters the amount during fee calculation
3/5