Charles Hoskinson, the creator of Cardano, has hinted at the upcoming launch of Hydra, a Layer 2 scaling solution. The announcement, made on August 2, builds anticipation for the Rare Evo blockchain and crypto conference in Las Vegas from August 15-17. The event will feature discussions on Cardano's ecosystem growth, including insights from Tim Harrison and Ben O’Hanlon. Trym Måke Bruset will discuss the Hydra protocol, aligning with Hoskinson's tease. Thomas Mayfield will explore identity solutions in blockchain. Hydra aims to boost network performance by speeding up transactions using state channels. Each Hydra Head can handle 1,000 TPS, with the network's capacity scaling horizontally. ADA is currently trading at $0.38, with a newly launched website teasing more information on Hydra's release. Read more AI-generated news on: https://app.chaingpt.org/news