That’s what Hydra, Cardano’s new Layer 2 scaling solution, just made possible.
Yesterday, Hydra reached a jaw-dropping milestone: 1 million transactions per second (TPS). To put that into perspective, it’s faster than any other crypto or payment system out there. Here’s why this is such a big deal.
Speed That Leaves Others in the Dust
Most payment systems have limits. For example:
- Bitcoin’s Lightning Network: 1 million TPS.
- Solana : 65,000 TPS.
- Visa: 65,000 TPS.
- Alipay: 256,000 TPS.
Hydra blows them all out of the water with its unmatched speed. Whether making payments, running smart contracts, or even gaming, Hydra ensures there’s no waiting around. It’s like having a superhighway with no traffic jams, no matter how many cars are on the road.
BREAKING: Cardano’s Hydra hit 1M+ TPS during the Doom gaming tournament.
What does this mean?
As Mark Twain once said:
“There are three kinds of lies: lies, damned lies, and statistics.”Demystifying Hydra’s Doom TPS: Optics vs. Reality
1M TPS—What actually happened?
•… https://t.co/ZvtCIZtPiO pic.twitter.com/iAV3PMeAQS
— goku (@0xgoku_) December 4, 2024
Hydra keeps transaction fees low, even when the system is busy. That means businesses and users can save money, whether they’re buying a coffee or running a global e-commerce store. As they say, “Why break the bank when you don’t have to?” This makes Hydra perfect for real-world applications like:
- Everyday payments.
- Gaming transactions.
- Smart devices. (like your smart fridge or watch)
To prove this capacity, Charles Hoskinson , the Founder of Cardano, made the event “Hydra Doom”. In it, every frame of the game is a transaction.
I’m seeing lots of posts about the Cardano Hydra Doom Tournament but few are emphasizing the fact that the whole point is to showcase insane TPS. Every frame is a transaction on Hydra L2. If communicated effectively this should be going viral.. https://t.co/ege8cxM3cr pic.twitter.com/TpTvqIMoXX
— bon futura (@kitowake) December 3, 2024
Why It Matters
Hydra doesn’t just make Cardano faster—it puts the platform in a league of its own. The crypto world often faces issues like delays and high fees during busy times. Hydra solves all that with its ability to process millions of transactions without breaking a sweat.
This makes Cardano one of the most scalable, decentralized, and affordable solutions in both crypto and fintech. In simple terms, it’s a game-changer.
1.02 Millions Transaction per Second on Hydra-Cardano 🐉
World Doom Tournament Competition 🔥🔥🔥 pic.twitter.com/dZy6uZX4ud
— Crypto Medit₳tor 🤝💙🇬🇷🇳🇱 (@MeditatorCrypto) December 4, 2024
The Big Picture
With Hydra, Cardano is paving the way for the future of payments, gaming, and even smart devices. And it’s doing it in a way that’s fast, affordable, and reliable. They say, “The early bird catches the worm,” and Cardano seems ready to claim the top spot in crypto innovation.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
