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Find out when the next (Hard Fork) for Cardano Network!

Posted on October 31, 2022 by admin

Find out when the next (Hard Fork) for Cardano Network!

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Answer Find out when the next (Hard Fork) for Cardano Network!

Charles Hoskinson, founder and CEO of IOHK, the company behind Cardano (ADA), said the network could activate a hard fork next month.

As he put it and made his statement on January 17 through a live broadcast on YouTube.

According to him, the next hard fork could happen next February and this hard fork aims to improve the existing Cardano consensus algorithm.

He believes that the “Ouroboros Bizantine” or “OBFT” consensus protocol for dealing with errors will be activated on the network in mid-February, and he quotes the following:

February we will have OBFT and hard fork will happen.

We are still talking to our partners about this and we just want to make sure that all the infrastructure is described to it.

Read:The Bank of England decides to act in an emergency and announces the continuation of quantitative easing… What impact will this have on the crypto market?

Infrastructure looks very good, so in mid-February expect an OBFT hard fork.

The developer of the protocol did not provide any details about the technical innovations that the update carries.

However, Hoskinson has already mentioned that the official Cardano wallet integration with the Ledger hardware wallet is almost ready.

Read:Burning $3.6 billion worth of Ethereum…what will happen after the merger upgrade?

The Cardano Project development team is constantly working to improve its products.

As recently and exactly in the month of November 2019 a payment gateway was launched that allows users to pay in ADA currency:

In cooperation with the Coti project, the launch of a payment system for the Cardano project (AdaPay)

Read also:

Weiss Report: Cardano is way ahead of EOS


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