April 20, 2024

Cardano Network Updates OBFT

Cardano Network Updates OBFT

IOHK CEO Charles Hoskinson announced the successful launch of the Ouroboros BFT hard fork.

RenewalThe Cardano protocol happened on February 20 and did not cause any inconvenience to users.The hard fork was deployed on the Byron network.is an improved version of the original Ouroboros Classic protocol and will allow you to launch the Shelley mainnet in the future. 

IOHK developer Tim Harrison said that the Cardano network will be able to achieve faster transaction processing speeds after the update. 

Shelly’s core network, whichwill run on the Ouroboros Genesis protocol, turn Cardano into the most decentralized blockchain. The Cardano community itself will be able to select validators using a staking system.

Recall that recently a commercial unitCardano, a firm of Emurgo, entered into a partnership with the government of Uzbekistan, during which a working group will be formed to develop cryptocurrency regulations.

Based on materialsu.today