The Cardano Foundation announced in a tweet on Twitter, on Monday, that the Governor of Cardano (ADA) has crossed the two million mark.
According to Coin Telegraph, Cardano's network reached the previous figure of 1 million ADA wallets on May 22, 2021.
During that period, the Cardano Foundation successfully implemented the Alonzo hard fork, enabling smart contracts on its network.
Meanwhile, Cardano founder Charles Hoskinson has turned his attention to the increased adoption of blockchain technology in Africa.
In a tweet posted last week, Hoskinson claimed that 5 million students in Ethiopia are scheduled to receive digital identifiers linked to their academic records based on the Cardano Blockchain. But Cardano's technological development is also increasing after Alonso.
When Hoskinson was asked about progress in solving Cardano's Layer 2 scale, (Hydra), during an ask me anything session on Saturday, he said, "We will continue to add Resources to Hydra, and we're trying to identify some teams so we can balance the course of action because it's a high commercial priority. And it will be very important to be able to offload a large number of transaction traffic that will come from all incoming applications.
Layer 2 solutions run over a specific protocol to improve network performance. Meanwhile, hashing in the Cardano context involves directing off-chain transactions to storage pools, or Hydra nodes, without splitting the ledger itself.
Theoretically, suppose that each hydra node can process 1,000 transactions per second, and there are 1,000 such nodes. In this case, the entire Cardano network can process up to 1 million transactions per second - assuming linear scaling. The project is still under research and development, with no specific launch date.
