Advertisement

Goguen upgrade set to go full steam ahead in December for Cardano

Goguen upgrade set to go full steam ahead in December for Cardano

Quick Take

1 minute read

  • Cardano is more than likely a project that you will have heard about. 
  • The most recent upgrade that went live was Shelley and the next one to go live he’s going to be called Goguen.

Unless you are brand-new to the crypto space, Cardano is more than likely a project that you will have heard about. Every now and then, the project ecosystem brings in serious upgrades that help better the network.

The most recent upgrade that went live was Shelley and the next one to go live is going to be called Goguen.

For a long time now, the community that welcomes Cardano has been on the fence about what is going to happen next for the network. The main reason for this is due to previous experiences where upgrades have had their timelines delayed numerous times over the years but the team at Cardano is adamant that the Goguen upgrade will occur this month.

For those that don’t know, upgrades on the Cardano network are integrated in the form of a fork. This brings in new functions and can create a completely new and improved system. With the introduction of Shelley, numerous things got better on the system and even brought in staking functionalities. As a result of this, the network was further decentralised, a big bonus for the community.

Kevin Hammond, a software engineer for the project has said that this new upgrade will bring in a function to lock tokens for a specific period of time. This means that users will be required to lock their tokens in order to support the smart contract. On top of this, the network will be able to support other crypto assets aside from its own native token of course.

The community is very much excited for the future of this network upgrade and where it will take the system in the coming weeks and months. It will be interesting to see whether Cardano delays the upgrade though as they have many times before with previous phases.

For more news on this and other crypto updates, keep it with CryptoDaily!

© 2020 CryptoDaily All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

You can share this post!

Advertisement