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In a recent update shared via the official Twitter handle of Cardano’s IOHK, it’s learned that the release of new version of Jormungandr has been suspended till next week.

According to the report, the team of developers behind the development of the new version are hard at work to come out with the best features for the benefit of the users.

IOHK shared this, “Quick ITN Update: We’re hard at work on a new Jormungandr version, but we’re holding off releasing it this week. Instead, we’ll bundle up a fortnight’s worth of goodness into next week’s release, with more fixes and optimizations. Dimitris will share a video sneak peek soon.”

Cardano OBTF Hard Fork Explained As Charles Hoskinson Hints the Exact Date of the Event

Obviously, the Cardano community members are sternly awaiting the integration of Shelley testnet into mainnet. Howbeit, before such could play out, there has to be a forerunner known as OBTF hard fork.

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The actual date of this OBTF hark fork was hinted by the CEO of Cardano, Charles Hoskinson in a live video interview a couple of days ago. There he reiterated that the event will take place on 20th February 2020.

In the conversation, Charles Hoskinson shared that the initial chosen date was 14th February, but it was considered infeasible due to certain circumstances.

He said, “The OBFT hard fork, tentatively, tentatively, tentatively, I said three times, looks like the date is going to be Feb 20. We were originally thinking it to be on the 14th but we wanted a few extra days for certain partners. So we suspect that February 20th is when we’re going to do the hard fork.”

Cardano (ADA) Hard Fork Explained

Cardano (ADA) OBTF hard fork is a technological update introducing new consensus algorithm that is based on BTF. Once the hard fork is concluded, a new consensus will set in.

In this process, no new coin will be created as earlier envisaged at some quarters within the cryptocurrency space.

It will take two hard forks from Byron to Shelley. The Byron phase uses Ouroboros Classic, while Ouroboros Byzantine Fault Tolerance (BTF) hard fork is meant to be the first step towards the Shelley phase.

According to a report, the Daedalet wallet will likely need to be updated, while the Yoroi Wallet users will probably not be affected by the hard fork.

Charles Hoskinson Sees Byron Reboot as the Most Significant Release Since 2017

The CEO of Cardano, Charles Hoskinson sees the upcoming release of Byron Reboot, which will come with a new Haskell wall backend as the most significant release since the initial release of the software in 2017.

He said “This is the most significant release since we released the software in September of 2017. It is a 100% re-written code, security audited, built with formal methods and it’s a 100% built in-house. It looks like it is going to be after the OBFT hard fork, but probably won’t be pushed into March.”

The looming development will prepare the Cardano network for decentralized applications, to allow broad development and execution of smart contracts on the Cardano blockchain.

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Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.