PoS Blockchain Cardano Went LIVE With Its Byron Reboot
PoS Blockchain Cardano Went LIVE With Its Byron Reboot
April 2, 2020
PoS Blockchain Cardano Went LIVE With Its Byron Reboot
PoS Blockchain Cardano Went LIVE With Its Byron Reboot
April 2, 2020

Proof-of-stake (PoS) blockchain Cardano (ADA) went LIVE with its Byron reboot on March 30, as the project prepares its transition to the Shelley mainnet.

It has been reported by Cardano’s developer, the peer-to-peer technology firm Input Output Hong Kong (IOHK), the reboot involves a series of updates to major components of the Cardano network, the Cardano node, explorer, and Daedalus wallet backend, which is being spun out as a new version, Daedalus Flight.  

However, in an outline of the reboot’s significance, which has taken 18 months to complete, IOHK explained that the new design is, “modular, separating the ledger, consensus, and network components of the node, allowing any one of them to be changed, tweaked, and upgraded without affecting the others.”

ALSO READ :  Iran’s New “Reforming Monetary and Banking Law” Has Passed In Parliament To Launch A New Currency

In lieu of improving the existing code, the reboot was made by working “from scratch,” with all critical elements of the new Cardano node formally specified.

Changes to the wallet’s backend and services have been grouped together as “Adrestia,” offering exchanges and third-party developers to use a collection of independent, self-contained libraries to interact with the Cardano network. 

It has been analyzed that APIs have been extended and specifically designed with larger exchanges in mind, and Daedalus will now include Yoroi wallet support, thereby supporting features such as transaction filtering and parallel wallet restoration.

A new rolling release of Daedalus will provide scope for users to test the new node functionality and wallet backend and offer their feedback to IOKH, which has pledged to implement improvements in response.

Overall, IOHK claims that the reboot will result in performance improvements and higher transaction throughput capacity, that is, how much demand the network can manage in terms of transactions per second. 

ALSO READ :  Solve.Care Launches A Blockchain Remote Medicine Platform

The developers are also eyeing a reduction in barriers to entry by making the Cardano node more efficient in terms of memory usage, thus enabling users with lower-spec hardware to participate in the network and helping to ensure greater levels of decentralization.

Moreover, IOHK describes the reboot as more of a process than a discrete event, noting that its “goal is to gradually and sustainably migrate the entire Cardano blockchain to working on the new node implementation, without any disruption or loss of service.”

After this process, IOHK plans to focus on the Haskett Shelley testnet, including the onboarding of stake pool operators to incentivize them to prepare for running on the future Shelley mainnet.

As per the report, IOHK was founded by Charles Hoskinson, the mathematician, cryptographer and entrepreneur, as well as the co-founder of Ethereum, in 2015.

Thus, Hoskinson said that his aim is to make Cardano 50 to 100 times more decentralized than Bitcoin once all its upgrades are implemented.

ALSO READ :  Report: Bithumb Global to Launch Regulated Crypto Exchange in India

Source: iohk.zendesk.com | cointelegraph.com | Image: elevenews.com


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.
Share This

Share This

Share this post with your friends!