Upcoming Cardano hard fork to introduce 'token locking' ahead of Goguen
IOHK is planning a "smooth upgrade path to Goguen." IOHK, the development arm behind Cardano, recently announced a new hard fork of the protocol scheduled for mid-December. Kevin Hammond, a software engineer at IOHK, revealed this week that Cardano will undergo a hard fork later this month as part of its transition to the Goguen development era. Although most observers associate hard forks with trauma, Hammond said that these events are handled much differently on Cardano:“[...] Cardano handles hard forks automatically, without stopping block production. This gives a uniquely smooth....
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The hard fork will introduce the token locking mechanism, one of its most significant new functions, to the mainnet.
The digital currency network Cardano is two days away from the upcoming hard fork on September 12 and the community is expecting to see functional smart contracts. These can be used for decentralized finance (defi), non-fungible tokens (NFTs), and other types of decentralized applications (dapps). Cardano has managed to capture the third-largest crypto market capitalization among 10,000+ crypto assets but over the last seven days, cardano has lost more than 16% in value.
Cardano Expects to Upgrade in 2 Days
With more than $400 billion under the hood, the ethereum (ETH) market is....
IOHK fired up the Cardano community by releasing details of the Goguen roadmap yesterday. After the successful rollout of Shelley, many look to Goguen as the final hurdle before challenging Ethereum on level ground. The roadmap puts the Goguen mainnet launch at around March 2021. Considering the frequent delays to Shelley, this represents an ambitious […]
During the last seven days, the cryptocurrency cardano has increased in value by 17.3% against the U.S. dollar, as the community anticipates the upcoming Vasil hard fork, an upgrade that aims to improve the network’s throughput and enhance smart contract capabilities. Moreover, according to a poll involving 24,468 crypto enthusiasts, cardano is predicted to reach $1 in value by the end of this month. Cardano’s Slow and Steady Development Seems to Be Paying Off The digital currency cardano (ADA) has been performing a lot better than most digital currencies in terms of market....
Cardano (ADA) has recently announced that it has successfully conducted the Alonzo White Hard Fork. A tweet posted on Twitter confirmed that the network was now making blocks successfully. And there had been no problems with the hard fork so far. The hard fork is the next step in bringing the Cardano network closer to […]