IOHK reveals layer-2 scaling solution for the Cardano blockchain

IOHK, the engineering company co-founded by Charles Hoskinson and Jeremy Wood, today has unveiled Ouroboros Hydra (Hydra), an off-chain protocol, which enables vastly increased scalability for the Cardano blockchain, whilst still providing low latency and minimal storage per node. Hydra is the result of a five-year EU-funded collaborative research project, led by IOHK researchers and other partners from the company’s blockchain research lab at Edinburgh University.

Layer-2 Solution Hydra is an essential part of IOHK’s goal to create a highly scalable proof-of-stake protocol for Cardano – IOHK’s decentralized public blockchain and cryptocurrency project. Charles Hoskinson, CEO of IOHK said: “Our Ouroboros Hydra solution is the result of a colossal international research effort, spanning five years, that aimed to solve the security and scalability problems affecting blockchain.

Timeline of Cardano