Published
4 years ago on
February 24, 2020
- The recent hard fork on Cardano, Ouroboros Byzantine Fault Tolerance (OBFT) was finally completed last week.
- The CEO of IOHK, Charles Hoskinson announced the completion on Twitter and that the network had successfully integrated the hard fork.
The recent hard fork on Cardano, Ouroboros Byzantine Fault Tolerance (OBFT), was finally completed last week. The CEO of IOHK, Charles Hoskinson announced the completion on Twitter and that the network had successfully integrated the hard fork. This new update is the first step in moving the blockchain from his current Byron era to the anticipated Shelley era.
Taking place on the 20th of February, the OBFT hard fork was played out on the network with great success. The network is highly anticipated for the next upgrade.
Hardfork successful. The OBFT era has begun
— Charles Hoskinson (@IOHK_Charles) February 20, 2020
Currently using the Ouroboros Classic protocol, Cardano is working well for its future despite being a proof-of-stake algorithm. This means that it is not completely decentralised. The recent OBFT hard fork is paving the way for the excitement-filled Shelley era which is expected to make the network fully decentralised and give the community a chance to choose their preferred validators through stake pools.
A lot of hard work is being put in from the developers of the protocol and given the success of the OBFT hard fork last week, there isn’t a rush to get everything sorted overnight. That being said there is speculation that the updates could happen in just over a months time even though no specific date has been given by the network as of yet.
It will be interesting to see how this situation plays out. For more news on this and other crypto updates, keep it with CryptoDaily!
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