Cardano News Today – IOHK Releases Its Ouroboros Hydra Protocol – March 26th, 2020 

  • More Transaction per Second on Each Head with Hydra Scalability solution
  • Cardano Price Analysis – ADA Trading Price Fluctuating Amidst Market Crash

Cardano Daily Update – Charles Hoskinson, the IOHK CEO, recently announced on March 25, 2020, that the Ouroboros Hydra is ready; it is the second-layer Cardano blockchain scalability solution. The Hydra solution is aimed at improving the scalability of Cardano, which implies it is going to carry out transactions at lower fees, making it easier for the blockchain application to work and aiding the adoption and utilization of the network.

Cardano (ADA) Price Today – ADA / USD

NamePrice
cardano
Cardano
$0.099

Commenting on the release, Aggelos Kiayias, the director of Edinburgh University’s Blockchain Laboratory, expatiate on what solving scalability could mean, Kiayias went thus:

“Solving the scalability question is the holy grail for the whole blockchain space. The time has come to apply a principled, evidence-based approach in designing and engineering blockchain scalability solutions and this research is a decisive step in this direction.”

More Transaction per Second on Each Head with Hydra Scalability Solution

Cardano’s latest News – with the research carried out by the University of Edinburgh showed that with Hydra Scalability solution, 1,000 transactions can be executed on each head. This implies that 1,000 heads can successfully execute 1 million transactions per second. Previously, the Hydra project received funds from the EU’s Privilege Project, as it has joint researchers in distributed ledger technologies cryptography from all over Europe.

Cardano Price Analysis – ADA Trading Price Fluctuating Amidst Market Crash

ADA Price Prediction 2020 – ADA price is trying to surge against the price level at $0.3270, failing to make a hold on the price trend. There is an abrupt loss of -1.05% in AD price, it is currently trading between the $0.0300 and $0.0290 levels. Cardano Price Prediction 2020 – the ADA/BTC pair is trading in the bearish zone with a loss of -0.34% which brought the token to 0.000004443. ADA price later surged to $0.029 and it is trying to break the $0.0320 resistance level. The ADA bulls are seeking a firm impetus and looming surge to $0.0320.

Cardano Price Prediction 2020 – ADA’s current market cap is $761,763,531 with the volume traded at $83,886,749 and the circulating supply of 25,927,070,538 ADA. ADA’s MACD is currently fluctuating though the bears are trying to overtake the selling volume caught in the buying volume. ADA Price Prediction 2020 – the 24 hours RSI attains the critical 50 levels after making negative divergence and commencing trading in the zone. The 24 hour CCI is declining downwards from the top of the normal zone due to the decline in the buying volume of the token. The major resistance level is at $0.0320, while the major support level is at $0.0250.

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

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