- Cardano has a big fan base in the crypto space and is claimed by many to be one of the most forward-thinking blockchains in the industry today.
- Charles Hoskinson has revealed that the ecosystem is preparing for a hard fork next month.
Cardano has a big fan base in the crypto space and is claimed by many to be one of the most forward-thinking blockchains in the industry today. As it enters its Shelley state, there will be a crypto consensus algorithm move towards proof-of-stake with the integration and welcoming of the Ouroborus BFT (OBFT) consensus.
The consensus is classed as the first proof-of-stake protocol that lines up with the security provided by proof-of-work protocols.
The founder and CEO of the blockchain engineering company IOHK & Cardano, Charles Hoskinson, has revealed that the ecosystem is preparing for an OBFT hard fork next month. He further added that the firm is in talks with the firms’ partners to make sure everything is in place for the hard fork.
Broadcasting from Colorado, Hoskinson made the following in comments in a live stream last week:
“Infrastructure looks good, so mid-February we anticipate an OBFT hard fork. So there will be an upgrade to the software for that and the Haskell wallet back-end is being integrated with the Haskell node for the Byron reboot.”
The Cardano ecosystem has been also getting ready for the Shelley Haskell testnet launch. The founder also added that ‘Daedalus’ is in its weekly release pattern too.
Further going on in the same manner, Hoskinson said:
“Looks like we are on the last mile of the hardware support. So at some point, you will be able to restore your ledger devices into Daedalus. You could manage ledger accounts and keep your private keys on the ledger device.”
It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!