Hoskinson Teases Significant Cardano Enhancements After Ouroboros Peras Launch

News

  • Cardano’s upcoming upgrade will introduce validation zones, enhancing network scalability and efficiency.
  • Babel Fees, part of the new upgrade, will streamline Cardano transactions by allowing flexible swap requests.
  • Charles Hoskinson’s planned upgrade builds on Ouroboros Peras, aiming to tackle long-standing network issues.

Cardano founder Charles Hoskinson recently hinted at a significant network upgrade following the launch of the Ouroboros Peras protocol. The potential upgrade is expected to introduce enhanced validation zones, addressing long-standing issues within the Cardano ecosystem. 

This announcement came after Hoskinson acknowledged that the upgrade has been overdue and will significantly improve the network’s performance.

Cardano Upgrade Focus on Validation Zones

Hoskinson shared insights on X, highlighting that Cardano developers could soon prioritize the upgrade regarding validation zones. This came in response to a post by Cardano developer Andrew Westberg, who emphasized the importance of this upgrade. Westberg referred to the upcoming Cardano Improvement Proposal (CIP) as an elegant solution to various challenges faced by the blockchain.

The proposed upgrade aims to enhance the eUXTO model, which could lead to better performance and scalability for the network. Additionally, it will introduce a feature known as ‘Babel Fees,’ which will allow transactions to specify part of a swap request, contributing to more efficient transaction handling.

Insights on Ouroboros Peras Protocol

The potential upgrade announcement coincides with the recent unveiling of the Ouroboros Peras protocol. Ouroboros Peras is an extension of the previously introduced Ouroboros Praos protocol, designed to minimize the likelihood of transaction reversion by addressing settlement horizon issues. 

https://twitter.com/InputOutputHK/status/1845908012445155365

Input Output, the company behind Cardano’s development, explained that this extension strengthens the network’s transaction processing capabilities.

Hoskinson praised the release of the Peras protocol, calling it one of the best-prototyped solutions for blockchain networks. He believes that Peras, alongside the forthcoming network upgrades like the Leios proposal, will further scale Cardano, enhancing its competitiveness in the blockchain space.

The post Hoskinson Teases Significant Cardano Enhancements After Ouroboros Peras Launch appeared first on Crypto News Land.

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