Cardano (ADA) Hard Fork Successfully Launched as Shelley Mainnet Looms

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Fri, 02/21/2020 - 06:16
Alex Dovbnya
IOHK CEO Charles Hoskinson celebrates the successful launch of the OBFT hard fork that serves as a stepping stone to Shelley
Cover image via www.shutterstock.com
Contents

IOHK CEO Charles Hoskinson has just made an announcement about the successful launch of the Ouroboros BFT hard fork, which bridges Byron with the forthcoming Shelley era. 

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A stepping stone 

The upgrade of Cardano's proof-of-stake (PoS) protocol took place on Feb. 20 without affecting ADA users. The OBFT fork was deployed on the federated Byron mainnet. It represents an evolution of the original Ouroboros Classic protocol and allows Cardano to move closer to flipping the switch on centralization. 

As reported by U.Today, IOHK's Tim Harrison explained that the Cardano network would able to achieve higher transaction speed as well as its portability after the upgrade. 

Shelley is (almost) here 

It is worth noting that this hard fork is only one of the network upgrades that are going to happen before the advent of the Shelley era. While an exact timeline remains unclear, these upgrades are expected to be shipped in about two months by Harrison.  

The Shelley mainnet, which will be powered by the Ouroboros Genesis protocol, is expected to turn Cardano into the most decentralized blockchain project. It will allow the community to pick their own validators via staking.   

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.


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