{"id":472029,"date":"2021-09-20T23:00:55","date_gmt":"2021-09-20T23:00:55","guid":{"rendered":"https:\/\/wncen.com\/?p=472029"},"modified":"2021-09-20T15:15:54","modified_gmt":"2021-09-20T15:15:54","slug":"why-hydra-is-important-to-cardano","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/","title":{"rendered":"Why The Hydra Layer 2 Solution Is Important To The Cardano Network"},"content":{"rendered":"<p class=\"p1\">IOHK, the developer behind the Cardano network, has <a href=\"https:\/\/iohk.io\/en\/blog\/posts\/2021\/09\/17\/hydra-cardano-s-solution-for-ultimate-scalability\/\" rel=\"nofollow\">announced<\/a> a new solution for the network. Following the launch of smart contracts on the network, it has moved on to other projects to make sure that the network meets all of the needs of its developers. This has shone through in the latest release from the developer, called Hydra.<\/p>\n<p class=\"p1\">The Cardano hard fork brought to the forefront the possibilities for more development. Even as developers outside of the main Cardano project develop their own solutions and protocols that run on the network, IOHK is continuing its work in making the network more scalable and safe for its users. This is why the release of the Hydra Layer 2 solution is important to the ecosystem.<\/p>\n<h2 class=\"p1\">Layering Hydra On Top Of Existing Layer 1 Blockchain<\/h2>\n<p class=\"p1\">Hydra is a Layer 2 blockchain solution built to run on top of the existing Layer 1 blockchain on Cardano. Hydra uses <a href=\"https:\/\/eprint.iacr.org\/2020\/299.pdf\" rel=\"nofollow\">isomorphic state channels<\/a> which basically will use the same ledger representation over and over again to provide uniform, off-chain ledger siblings. These are referred to as Heads by the developers. This puts things like NFTs, native assets, and Plutus scripting directly into a Hydra Head, which acts basically as an extension of the current existing system.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/news\/cardano\/cardano-founder-on-ceos-presidents\/\">Cardano Founder Charles Hoskinson Says He Wants To Eliminate The Need For CEOs And Presidents<\/a><\/strong><\/em><\/p>\n<p class=\"p1\">This Layer 2 solution will provide the much-needed scalability that is required for networks with high use rates to maintain the required throughput for applications built on the blockchain. Hydra will work side by side with Cardano\u2019s existing Layer 1 solution to provide a smooth user experience.<\/p>\n<h2 class=\"p1\">Why Hydra Is Important For Cardano<\/h2>\n<p class=\"p1\">As things like decentralized finance (DeFi) make their way into the Cardano ecosystem, it is imperative for the network to provide suitable fee structures and security on the blockchain. This is where Hydra comes in. The Layer 2 protocol will not only help to scale the network but will also help to bring down fees to a sustainable level. This comes in the form of setting a fee structure that is both acceptable for the stake pool operator community, given that Cardano runs on proof-of-stake and fees that users deem acceptable.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/news\/cardano\/cardano-trends-down-ada-in-danger\/\">Cardano Trends Down, ADA In Danger Of Sliding Back To $2?<\/a><\/strong><\/em><\/p>\n<p class=\"p1\">Hydra will help to set these fees to a low enough point that it is not a problem for its users, while also preventing the fees from being low enough to encourage Denial of Service (DoS) attacks.<\/p>\n<p class=\"p1\">Also, as the transaction history grows on the Cardano network, storage will become a problem over time. A Layer 2 solution like Hydra will mitigate against these problems in the future.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/RAmT8996\/\" alt=\"Cardano price chart from TradingView.com\" width=\"1354\" height=\"686\"><\/p>\n<pre style=\"text-align: center\">ADA price trending low towards $2.0 | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/UG2tjOD6\/\" rel=\"nofollow\">ADAUSD on TradingView.com<\/a><\/pre>\n<p class=\"p1\">\u201cHydra is a layer 2 scalability solution that seeks to address all these concerns and aims to maximize throughput, minimize latency, incurring low to no costs, and greatly reducing storage requirements.\u201d<\/p>\n<p class=\"p1\">More information on Hydra will be available at the <a href=\"https:\/\/www.youtube.com\/watch?v=7ySUbFpTrAk\" rel=\"nofollow\">Cardano Summit<\/a> scheduled to happen on the 25th-26th of September 2021.<\/p>\n<pre style=\"text-align: center\">Featured image from Peoples Gazette, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>IOHK, the developer behind the Cardano network, has announced a new solution for the network. Following the launch of smart contracts on the network, it has moved on to other projects to make sure that the network meets all of the needs of its developers. This has shone through in the latest release from the developer, called Hydra. The Cardano hard fork brought to the forefront the possibilities for more development. Even as developers outside of the main Cardano project develop their own solutions and protocols that run on the network, IOHK is continuing its work in making the network more scalable and safe for its users. This is why the release of the Hydra Layer 2 solution is important to the ecosystem. Layering Hydra On Top Of Existing Layer 1 Blockchain Hydra is a Layer 2 blockchain solution built to run on top of the existing Layer 1 blockchain on Cardano. Hydra uses isomorphic state channels which basically will use the same ledger representation over and over again to provide uniform, off-chain ledger siblings. These are referred to as Heads by the developers. This puts things like NFTs, native assets, and Plutus scripting directly into a Hydra Head, which acts basically as an extension of the current existing system. Related Reading |\u00a0Cardano Founder Charles Hoskinson Says He Wants To Eliminate The Need For CEOs And Presidents This Layer 2 solution will provide the much-needed scalability that is required for networks with high use rates to maintain the required throughput for applications built on the blockchain. Hydra will work side by side with Cardano\u2019s existing Layer 1 solution to provide a smooth user experience. Why Hydra Is Important For Cardano As things like decentralized finance (DeFi) make their way into the Cardano ecosystem, it is imperative for the network to provide suitable fee structures and security on the blockchain. This is where Hydra comes in. The Layer 2 protocol will not only help to scale the network but will also help to bring down fees to a sustainable level. This comes in the form of setting a fee structure that is both acceptable for the stake pool operator community, given that Cardano runs on proof-of-stake and fees that users deem acceptable. Related Reading |\u00a0Cardano Trends Down, ADA In Danger Of Sliding Back To $2? Hydra will help to set these fees to a low enough point that it is not a problem for its users, while also preventing the fees from being low enough to encourage Denial of Service (DoS) attacks. Also, as the transaction history grows on the Cardano network, storage will become a problem over time. A Layer 2 solution like Hydra will mitigate against these problems in the future. ADA price trending low towards $2.0 | Source: ADAUSD on TradingView.com \u201cHydra is a layer 2 scalability solution that seeks to address all these concerns and aims to maximize throughput, minimize latency, incurring low to no costs, and greatly reducing storage requirements.\u201d More information on Hydra will be available at the Cardano Summit scheduled to happen on the 25th-26th of September 2021. Featured image from Peoples Gazette, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":472031,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[12333,12332,84308,84232,14656],"class_list":["post-472029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-cardano","tag-cardano-hydra","tag-cardano-upgrade","tag-hydra"],"acf":[],"yoast_head":"\n<title>Why The Hydra Layer 2 Solution Is Important To The Cardano Network<\/title>\n<meta name=\"description\" content=\"IOHK, the developer behind the Cardano network, has announced a new solution for the network. Following the launch of smart contracts on the network, it\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Why The Hydra Layer 2 Solution Is Important To The Cardano Network\" \/>\n<meta property=\"og:description\" content=\"IOHK, the developer behind the Cardano network, has announced a new solution for the network. Following the launch of smart contracts on the network, it\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-20T23:00:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-20T15:15:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/Cardano-2.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Best Owie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/BestOwie\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Best Owie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/\"},\"author\":{\"name\":\"Best Owie\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d\"},\"headline\":\"Why The Hydra Layer 2 Solution Is Important To The Cardano Network\",\"datePublished\":\"2021-09-20T23:00:55+00:00\",\"dateModified\":\"2021-09-20T15:15:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/\"},\"wordCount\":505,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/Cardano-2.jpeg?fit=800%2C500\",\"keywords\":[\"ADA\",\"Cardano\",\"Cardano Hydra\",\"Cardano upgrade\",\"hydra\"],\"articleSection\":[\"Cardano\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/\",\"url\":\"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/\",\"name\":\"Why The Hydra Layer 2 Solution Is Important To The Cardano Network\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/Cardano-2.jpeg?fit=800%2C500\",\"datePublished\":\"2021-09-20T23:00:55+00:00\",\"dateModified\":\"2021-09-20T15:15:54+00:00\",\"description\":\"IOHK, the developer behind the Cardano network, has announced a new solution for the network. Following the launch of smart contracts on the network, it\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/Cardano-2.jpeg?fit=800%2C500\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/Cardano-2.jpeg?fit=800%2C500\",\"width\":800,\"height\":500,\"caption\":\"Picture of a gold and black Cardano coin half-sunk into the sand\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Why The Hydra Layer 2 Solution Is Important To The Cardano Network\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d\",\"name\":\"Best Owie\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g\",\"caption\":\"Best Owie\"},\"description\":\"Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/BestOwie\"],\"url\":\"https:\/\/wncen.com\/author\/owiebest\/\"}]}<\/script>\n","yoast_head_json":{"title":"Why The Hydra Layer 2 Solution Is Important To The Cardano Network","description":"IOHK, the developer behind the Cardano network, has announced a new solution for the network. Following the launch of smart contracts on the network, it","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/","og_locale":"en_US","og_type":"article","og_title":"Why The Hydra Layer 2 Solution Is Important To The Cardano Network","og_description":"IOHK, the developer behind the Cardano network, has announced a new solution for the network. Following the launch of smart contracts on the network, it","og_url":"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2021-09-20T23:00:55+00:00","article_modified_time":"2021-09-20T15:15:54+00:00","og_image":[{"width":800,"height":500,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/Cardano-2.jpeg","type":"image\/jpeg"}],"author":"Best Owie","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/BestOwie","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Best Owie","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/"},"author":{"name":"Best Owie","@id":"https:\/\/wncen.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d"},"headline":"Why The Hydra Layer 2 Solution Is Important To The Cardano Network","datePublished":"2021-09-20T23:00:55+00:00","dateModified":"2021-09-20T15:15:54+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/"},"wordCount":505,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/Cardano-2.jpeg?fit=800%2C500","keywords":["ADA","Cardano","Cardano Hydra","Cardano upgrade","hydra"],"articleSection":["Cardano"],"inLanguage":"en-US","copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/","url":"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/","name":"Why The Hydra Layer 2 Solution Is Important To The Cardano Network","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/Cardano-2.jpeg?fit=800%2C500","datePublished":"2021-09-20T23:00:55+00:00","dateModified":"2021-09-20T15:15:54+00:00","description":"IOHK, the developer behind the Cardano network, has announced a new solution for the network. Following the launch of smart contracts on the network, it","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/Cardano-2.jpeg?fit=800%2C500","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/Cardano-2.jpeg?fit=800%2C500","width":800,"height":500,"caption":"Picture of a gold and black Cardano coin half-sunk into the sand"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Why The Hydra Layer 2 Solution Is Important To The Cardano Network"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/b236087b2f145ce081dea57a73bc356d","name":"Best Owie","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/655d8eb59d2a39996a726112b46c1492?s=96&d=mm&r=g","caption":"Best Owie"},"description":"Best Owie is a seasoned managing editor with a wealth of experience currently serving as the Managing Editor at NewsBTC. Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Why The Hydra Layer 2 Solution Is Important To The Cardano Network","url":"http:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/cardano\/why-hydra-is-important-to-cardano\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/Cardano-2.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/Cardano-2.jpeg?fit=800%2C500"},"articleSection":"Cardano","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","cardano","cardano hydra","cardano upgrade","hydra"],"dateCreated":"2021-09-20T23:00:55Z","datePublished":"2021-09-20T23:00:55Z","dateModified":"2021-09-20T23:00:55Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Why The Hydra Layer 2 Solution Is Important To The Cardano Network\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/why-hydra-is-important-to-cardano\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/why-hydra-is-important-to-cardano\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/09\\\/Cardano-2.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/09\\\/Cardano-2.jpeg?fit=800%2C500\"},\"articleSection\":\"Cardano\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"cardano\",\"cardano hydra\",\"cardano upgrade\",\"hydra\"],\"dateCreated\":\"2021-09-20T23:00:55Z\",\"datePublished\":\"2021-09-20T23:00:55Z\",\"dateModified\":\"2021-09-20T23:00:55Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/Cardano-2.jpeg?fit=800%2C500","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/472029"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=472029"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/472029\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/472031"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=472029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=472029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=472029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}