Cardano (ADA) Hard Fork Successfully Launched as Shelley Mainnet Looms
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.
Hardfork successful. The OBFT era has begun
— Charles Hoskinson (@IOHK_Charles) February 20, 2020
Alex DovbnyaA 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.
Yuri MolchanShelley 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.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Arman Shirinyan
Dan Burgin
Vladislav Sopov