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COINTURK NEWS > Cardano (ADA) > IOHK Announces Doom Tournament to Test Cardano’s Hydra Protocol
Cardano (ADA)

IOHK Announces Doom Tournament to Test Cardano’s Hydra Protocol

In Brief

  • IOHK announces the Doom tournament to test the Hydra protocol.

  • Cardano offers a prize pool to encourage community participation.

  • Upcoming tests are expected to provide more insights into Hydra's performance.

İlayda Peker
İlayda Peker 6 months ago
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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.

Contents
Expectations for Cardano HydraCommunity and ADA Market Response

Expectations for Cardano Hydra

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 ADA Coin experienced a decline due to losses in Bitcoin’s value. Bitcoin $102,589 dropped to $96,000, while ADA Coin fell to $0.959.

Community and ADA Market Response

To encourage participation in the Hydra Doom tournament, Cardano $0.768593 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.

“Help us push the limits of Hydra!”

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.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 24 November, 2024 - 8:12 pm 24 November, 2024 - 8:12 pm
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