Cardano

Ouroboros

<ul class="wp-block-list">
 <li>Cardano's upcoming upgrade will introduce validation zones, enhancing network scalability and efficiency.</li>  
 <li>Babel Fees, part of the new upgrade, will streamline Cardano transactions by allowing flexible swap requests.</li>  
 <li>Charles Hoskinson's planned upgrade builds on Ouroboros Peras, aiming to tackle long-standing network issues.</li> 
</ul>  
<p>Cardano founder Charles Hoskinson recently hinted at a significant network upgrade following the launch of the Ouroboros Peras protocol. The potential upgrade is expected to introduce enhanced validation zones, addressing long-standing issues within the Cardano ecosystem.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/CollinBrownXRP/status/1846453638614405298
 </div>
</figure>  
<p>This announcement came after Hoskinson acknowledged that the upgrade has been overdue and will significantly improve the network’s performance.</p>  
<h2 class="wp-block-heading" id="h-cardano-upgrade-focus-on-validation-zones"><strong>Cardano Upgrade Focus on Validation Zones</strong></h2>  
<p>Hoskinson shared insights on X, highlighting that Cardano developers could soon prioritize the upgrade regarding validation zones. This came in response to a post by Cardano developer Andrew Westberg, who emphasized the importance of this upgrade. Westberg <a href="https://x.com/amw7/status/1846172869971116217" target="_blank" rel="noopener noreferrer nofollow">referred</a> to the upcoming Cardano Improvement Proposal (CIP) as an elegant solution to various challenges faced by the blockchain.</p>  
<p>The proposed <a href="https://cryptonewsland.com/cardano-upgrades-key-node-after-outsmarting-attempted-mainnet-attack-can-ada-break-5-this-bull-cycle/" target="_blank" rel="noopener noreferrer nofollow">upgrade aims</a> to enhance the eUXTO model, which could lead to better performance and scalability for the network. Additionally, it will introduce a feature known as ‘Babel Fees,’ which will allow transactions to specify part of a swap request, contributing to more efficient transaction handling.</p>  
<h2 class="wp-block-heading" id="h-insights-on-ouroboros-peras-protocol"><strong>Insights on Ouroboros Peras Protocol</strong></h2>  
<p>The potential upgrade announcement coincides with the recent unveiling of the Ouroboros Peras protocol. Ouroboros Peras is an extension of the previously introduced Ouroboros Praos protocol, designed to minimize the likelihood of transaction reversion by addressing settlement horizon issues.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/InputOutputHK/status/1845908012445155365
 </div>
</figure>  
<p>Input Output, the company behind Cardano’s development, explained that this extension strengthens the network's transaction processing capabilities.</p>  
<p>Hoskinson praised the release of the Peras protocol, calling it one of the best-prototyped solutions for blockchain networks. He believes that Peras, alongside the forthcoming network upgrades like the Leios proposal, will further scale Cardano, enhancing its competitiveness in the blockchain space.</p> 
<p>The post <a href="https://cryptonewsland.com/hoskinson-teases-significant-cardano-enhancements/" rel="noopener noreferrer nofollow">Hoskinson Teases Significant Cardano Enhancements After Ouroboros Peras Launch</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Hoskinson Teases Significant Cardano Enhancements After Ouroboros Peras Launch

Table of Contents

Crypto News Land

Other articles published on Oct 17, 2024

Ethereum To Reduce Transaction Confirmation Time To Seconds With Series of Upgrades

Bitcoin Spot ETFs Surge With $800M Inflows in Two Days

Solana Outpaced By SUI on TPS, but There’s A New Altcoin Set To Mint More Millionaires This Bull Run

How XRP Price And Shiba Inu Price Stack Up Against ETFSwap’s Forecast For 2024 – Which Is The Bet...

Binance's 60th Launchpool Project: What is Scroll?

Could Conflict in the Middle East Raise Bitcoin Prices?

Join our free newsletter for daily crypto updates!