Friday, September 18, 2020
No menu items!
  • News
  • Blockchain
  • Cryptocurrency
  • Contact Us
More

    Cardano (ADA) Releases New Node, Explorer Backend and Web API

    Must Read

    Galaxy Digital CEO Mike Novogratz Reveals Percentage of BTC and ETH in His Portfolio

    The CEO of Galaxy Digital, Michael Novogratz, has revealed the percentage of Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies...

    Ripple Enhances Its Partnership with Bill & Melinda Gates Foundation

    As a report has it, Ripple, the US-based cross-border payment firm has become a sponsor member of Mojaloop Foundation,...

    VeChain Joins China Animal Health and Food Safety Alliance as Public Blockchain Technology Provider

    VeChain, the leading enterprise blockchain platform, has officially become a council member of China Animal Health and Food Safety...
    Tobi Loba
    Tobi Loba
    Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to fulfill her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.




    As published by the IOHK on its official website some hours ago, the new Cardano (ADA) Node, Explorer Backend, and Web API have been released.

    As the report stated, there have been preparations over the past 18 months in the building of a new architectural foundation that will get the Cardano network ready for Shelley mainnet and Goguen, which are expected to bring in third-party developers and enterprise adoption.

    Changes to Expect

    As shared by IOHK, the changes will start with the Ouroboros update to Ouroboros BFT (Byzantine Fault Tolerance), which has been scheduled to play out on 20th February 2020.

    Presently blockchain production of Cardano (ADA) is still being housed by the old implementation. Such is expected to change once the update to Ouroboros BFT takes place.

    This will allow the migration of core nodes that create blocks. However, Daedulus users won’t be able to upgrade until the compatible wallet backend is available.

    Why the Release is Necessary Now

    Going by the report, the original implementation of the network node launched in September 2017 has successfully borne the network to a reasonable extent.

    So, in order to improve the functionality and get the system ready for Shelley and provide a solid foundation for Goguen with other releases to come later, a new architecture is needed.

    The new update is majorly for the improvement of Cardano’s design, and it’s expected to make the integrations ahead easier and allows the nodes to be more readily incorporated into other systems.

    In the new design, the node, wallet, and explorer exist separately. The report also added that a new wallet backend release is imminent.

    The Significant Achievement of the New Implementation

    This new implementation is particularly targeted at achieving the separation of the consensus layer and ledger rules. This implies that the ledger rules can be changed without changing consensus.

    In this regard, only the ledger rules will be changed after the transition into Shelley to Goguen, which will make the execution of deployments more effective and the addition of new features more frequent.

    Some benefits of the new implementation should be expected immediately, while others will surface later.

    The new implementation and Ouroboros BTF will as well lead to notable transactions per second (TPS) performance improvements. For more information about Cardano Explorer Backend and Web API, check the release notes.

    In conclusion, this new release is meant to prepare Cardano (ADA) for what is upcoming. Ensuring the readiness of architecture and network apparatus is much necessary.




    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Latest News

    Galaxy Digital CEO Mike Novogratz Reveals Percentage of BTC and ETH in His Portfolio

    The CEO of Galaxy Digital, Michael Novogratz, has revealed the percentage of Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies...

    Ripple Enhances Its Partnership with Bill & Melinda Gates Foundation

    As a report has it, Ripple, the US-based cross-border payment firm has become a sponsor member of Mojaloop Foundation, which implies that the payment...

    VeChain Joins China Animal Health and Food Safety Alliance as Public Blockchain Technology Provider

    VeChain, the leading enterprise blockchain platform, has officially become a council member of China Animal Health and Food Safety Alliance (CAFA), to provide blockchain...

    XMR Workgroup to IRS: Focus On Studying Monero Instead of Offering $625,000 to Break It

    A Monero workgroup has recently urged the United States Internal Revenue Service (IRS) to find a better means of spending taxpayers’ funds than offering...

    Cardano Once Again Outranks Ethereum as the Blockchain with Highest Development Activity on Github

    Cardano (ADA), a third-generation blockchain project, has once again outranked Ethereum to become the blockchain with the highest development activity on Github, an American...

    More Articles Like This