In one block, the Cardano blockchain processed eight transactions for 1,600 recipients with a fee of just $2.38. This demonstration of scalability and availability was highlighted by Charles HOSKINSON, the creator of Cardano, when he reposted anX post originally published by Dedium, a Cardano-based GPU-based decentralized computing network. This demonstrates Cardano’s potential as a leading blockchain platform.
The block that processed eight transactions achieved 80 TPS without the use of Hydra, Cardano’s scaling project. This project has fueled crypto investors’ optimism about the blockchain. User X commented that with additional scaling, Cardano could achieve even higher TPS. Cardano enthusiasts have long been eagerly awaiting the upcoming integration of Hydra and Leios, two major upgrades that could significantly reduce transaction costs and improve the scalability of the blockchain.
Hydra can perform transactions offline, potentially allowing for millions of transactions per second in the future, user X explained, adding that Leios will speed up block creation, leading to faster transactions and the elimination of slowdowns. In line with the growing positive sentiment, ADA, the native token of the Cardano blockchain, has returned to the tenth place by market cap. Data from CoinMarketCap showed that the altcoin has a market cap of $13.43 billion. At the time of writing, ADA is trading at $0.3846, down 0.70% in the last 24 hours, but up 10.04% in the last seven days.
Image: Binance Academy
