Cardano Hydra v0.12.0 Upgrade: What You Need to Know
Cardano developer Sebastian Nagel recently shared an update on the latest upgrade for Cardano Hydra, the protocol’s flagship layer-2 scaling solution. Here are the key points:
- The highly-anticipated Cardano Hydra v0.12.0 upgrade is now live.
- It is compatible with the Cardano Node v8.1.2 client and the new Mithril protocol developed by IOG.
- This upgrade aims to revolutionize node synchronization processes and make them more developer-friendly.
- Cardano Hydra v0.12.0 introduces new API endpoints, making it more accessible to Web3.0 developers and researchers.
- Code optimizations have been implemented to enhance Hydra’s performance and security.
Upcoming Rare Evo 2023 Convention
Contributors will share more details about the release at the upcoming Rare Evo 2023 cryptocurrency convention in Denver, Colorado.
Impact on ADA Price
The ADA price may see a positive impact from the v0.12.0 upgrade, similar to previous upgrades. After the launch of Aiken, the price of ADA jumped by 6%. Within the past 24 hours of the upgrade release, ADA’s price has already gained 1.51% and is currently trading at $0.2681. This enhanced usability may encourage Cardano bulls to invest and potentially help in the market’s recovery.
Hot Take
The Cardano Hydra v0.12.0 upgrade brings exciting new features and improvements to the protocol, making it more accessible and secure for developers and researchers. With the upcoming Rare Evo 2023 convention and positive market response, Cardano seems to be on a promising path towards further growth and adoption.
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