Cardano, renowned for its eUTXO model and the meteoric rise of its ADA token in 2021, has seen a decline in media attention amid the crypto market's downturn. However, the platform's development trajectory remains robust, with significant strides being made in preparation for the transformative Hydra and Chang hard forks.
- As a Cardano sidechain, Hydra processes numerous transactions off-chain, significantly enhancing the mainnet's performance. This scalability improvement positions Cardano to accommodate a broader user base and diverse use cases, such as DeFi and supply chain logistics.
- By introducing stake delegation to stake pools, the Chang hard fork aims to distribute the control of the Cardano network more widely. This increased decentralization empowers a larger portion of the community to participate in the network's governance.
“After Chang Hard Fork and Hydra, Cardano will be unstoppable. Highest decentralization and unlimited transaction speed while also having one of the highest security,” Cardano advocate Ssebi stated.
[1]Cardano has historically shown resilience to congestion, aside from notable exceptions like the SundaeSwap launch
[2]. While increased decentralization is a long-term goal, the imminent implementation of Layer-2 Hydra is the primary catalyst for renewed investor interest in ADA. This scaling solution aligns with the industry's current focus and is poised to significantly enhance the network's capacity.
This positive development could bolster Cardano's user base, providing support for ADA price. Ideally, this support would prevent a return to the 0.25 USD low and potentially propel ADA to new ATH, perhaps reaching the 7 USD mark this season.
I would like to know your views on this:
- Are you holding ADA in your balance?
- Do you expect a positive impact from Hydra & Chang on ADA price?
- Can Hydra & Chang make Cardano great again this season?
References:[1]
Cardano Improves Hydra Scaling Solution Before Chang Hard Fork[2]
SundaeSwap launches on Cardano, but users report failing transactions
