In a tweet posted by the Cardano Foundation on Monday, the number of Cardano (ADA) wallets has surpassed the ii million mark. The network reached the previous milestone of 1 million ADA wallets on May 22, 2022.

During that menses, the Cardano Foundation successfully implemented the Alonzo hard fork, enabling smart contracts on its network. Meanwhile, Charles Hoskinson, Cardano's founder, has shifted his attention to increasing the adoption of blockchain engineering in Africa. Via a tweet posted last week, Hoskinson claimed that v million students in Federal democratic republic of ethiopia are on schedule to receive digital IDs linked to their academic records that are based on the Cardano blockchain.

But Cardano's technological development is also picking up footstep post-Alonzo. When asked near the progress regarding Cardano'south layer-two scaling solution, Hydra, during an ask-me-anything session on Saturday, Hoskinson said:

"We are going to go along adding resources to Hydra, and we've been trying to place some teams so we can parallelize the workstream considering it's such a high commercial priority. And it'southward going to be very of import that we'll be able to offload a big number of the transaction traffic that'southward going to come from all of the apps that are coming."

Layer-ii solutions operate on top of an established protocol to improve network performance. Meanwhile, sharding in the context of Cardano involves channeling transactions off-chain to staking pools, or Hydra Nodes, without partitioning the ledger, itself. Theoretically, suppose each Hydra Node can procedure 1,000 transactions per second, and there are 1,000 such nodes. In that case, the entire Cardano network could procedure up to one million transactions per second — assuming linear scaling. The project is all the same undergoing enquiry and development, with no verbal launch date.