Cardano prepares to reveal 2022 scaling plans as number of blockchain projects nears 200 Cardano $ADA ADA
earlier reported in late December that Charles Hoskinson mentioned that over 175 projects were building on Cardano at the time, and about 11 projects would be launched by the end of Q1, 2022.
Now, this number has grown to 199, and over 17 projects might launch by the end of April 2022 at the latest.The Alonzo hard fork, which enables the implementation of smart contracts, decentralized applications and other apps on the Cardano blockchain, went operational in September 2021. Hydra, a major Layer 2 solution to further increase Cardano's scalability by stacking a new protocol on top of the existing Layer 1 blockchain, is one of the improvements brought on by the Alonzo hard fork.
This comes as Cardano seeks to tackle scaling difficulties faced in attaining the throughput required to support real-world applications, particularly when considering network fees, fighting against flooding attacks and dealing with storage.Hydra is a Layer 2 scaling solution that aims to address these issues by maximizing throughput, minimizing latency, incurring minimal to no expenses and drastically lowering storage requirements.
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