Sunday, April 11, 2021

Cardano Will Hard Fork Ahead of Goguen Era That Will Bring About Smart Contracting Activation In 2021

According to an update on 2nd December 2020, the software company behind the development of Cardano (ADA), IOHK, is getting ready to implement the first hard-fork combinator named Allegra ahead of the Goguen era that will bring about the activation of smart contracts on the Cardano blockchain.

Block Production Will Remain Stable during the Automatic Update

According to the update, the automatic upgrade that is part of the next transition to the Goguen era will not affect block production.

The coming hard fork will be smooth, unlike the realization of Shelley or other upgrades that was time-consuming. Several efficiencies and token locking features are coming with the next upgrade.

Read Also: MimbleWimble Developer Reveals When Full Activation Would Go Live On Mainnet

However, the fact that the update affects Ouroborous makes it important for network nodes to reach consensus. In this regard, node operators have to download the latest version of the code and check its operation.

The update reads in part as follows:

“IOHK’s innovative hard fork combinator has given Cardano a secure, smooth path to regular protocol updates – each bringing fresh value and utility to the network while minimizing disruption and risk. We’re in the final stages of quality testing and will start the testnet deployment process this month, with an expectation of moving to the mainnet around the middle of December.”

As aforementioned, Allegra will be the first of the two hard fork combinators that prepares Cardano for smart contracting and the addition of new digital tokens besides ADA in the Goguen Phase. The stage is expected to be set for activation sometime in the first quarter of 2021.

Read Also: ADA Looks Ready To Recover Lost Ground as New Addresses Joining Cardano Jumps 202%

The locking feature will aid users to know how long each token is being utilized. Additionally, Allegra comes with the support for a Voting System, a crucial use case of the Voltaire.

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Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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