Hydra

Test

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/iohk-announces-doom-tournament-to-test-cardanos-hydra-protocol/" data-wpel-link="internal" rel="noopener noreferrer nofollow">IOHK Announces Doom Tournament to Test Cardano’s Hydra Protocol</a> 
IOHK has recently announced the Doom tournament, which will serve as a testing campaign for the Hydra protocol. This initiative aims to push the boundaries of the scaling solution, providing a competitive environment for both bots and human players.
<h2 id="expectations-for-cardano-hydra">Expectations for Cardano Hydra</h2>
The Hydra Doom deathmatch tournaments are set to commence next month, featuring a gamified testing phase. In the initial round, players will compete against bots, while the second round will involve real players facing off against each other.
As this article was being prepared, the price of <a href="https://en.coin-turk.com/cardano-ada-price-prediction-when-will-the-price-reach-10/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ADA</a> Coin experienced a decline due to losses in Bitcoin’s value. Bitcoin dropped to $96,000, while ADA Coin fell to $0.959.
<h2 id="community-and-ada-market-response">Community and ADA Market Response</h2>
To encourage participation in the Hydra Doom tournament, Cardano plans to offer a prize pool of 100,000 USDM. This protocol was developed to scale the mainnet, and Doom is positioned as one of the leading DApps showcasing Hydra innovation, as promoted by Charles Hoskinson.
<blockquote>
 “Help us push the limits of Hydra!”
</blockquote>
This is not the first time the protocol has conducted relevant tests on Hydra. The development of the protocol will be informed by the performance and statistics gathered from these tests.
In previous tests, Hydra Doom processed a total of 3 million transactions in approximately one hour. Additionally, it recorded 1663 Global TPS, consistently achieving over 1000 transactions without any failed attempts. Finally, Cardano Hydra Doom reached a 14% chain load in one hour.
Cardano continues to be one of the best-performing assets in the market this month. Despite ADA’s price surpassing the $1 mark, leading market watchers indicate that this is just the beginning. Initial reactions to the Hydra Doom test have piqued community interest, with many members of the Cardano ecosystem signing up for the testing event. The perception of ADA’s price has improved as a result.
At the time of writing, ADA was trading at $0.95 and had decreased by 15% in the last 24 hours. During this period, the coin saw a rise from $0.9508 to $1.16 before retreating due to Bitcoin’s decline.
With upcoming tests and community involvement, further insights into the performance of Cardano’s Hydra protocol are anticipated. These developments may provide crucial indicators for ADA’s future market performance and ecosystem growth.
The post <a href="https://en.coin-turk.com/iohk-announces-doom-tournament-to-test-cardanos-hydra-protocol/" data-wpel-link="internal" rel="noopener noreferrer nofollow">IOHK Announces Doom Tournament to Test Cardano’s Hydra Protocol</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

IOHK Announces Doom Tournament to Test Cardano’s Hydra Protocol

Table of Contents

COINTURK NEWS

Other articles published on Nov 24, 2024

Can Bitcoin Reach 100,000 Dollars Soon?

Analyst Spots Key Technical Formation in Kaspa’s (KAS) Price Action

XRP Price Prediction Indicates $1.2 -$1.4 Range Post Gensler Resignation?

Stellar ($XLM) Leads the Charge in Daily Gainers

Power Players Are Betting on These 3 Tokens — ZDEX is Top Pick Among Crypto Insiders

What Upcoming Events Will Shape Cryptocurrency Markets?

Join our free newsletter for daily crypto updates!