Cardano Releases Solution that Scales More Than Visa’s Payment Network
Cointelegraph
Published Mar 25, 2020 09:00PM ET
Updated Mar 26, 2020 01:40PM ET
On March 25, Cardano launched its off-chain scalability protocol, Ouroboros Hydra, after 5 years of development.
An announcement sent to Cointelegraph claims that the protocol vastly increased scalability and low latency for the Cardano blockchain while using little storage on the network’s nodes. The solution also reportedly allows for applications such as micropayments, voting, insurance contracts, and other uses that require low fees or instant transactions.
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Written By: Cointelegraph
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