$ 86,278.3
BTC
-8.61 %
$ 2,384.31
ETH
-10.39 %
$ 0.6440
ADA
-10.58 %
$ 604.96
BNB
-4.89 %
$ 138.99
SOL
-9.33 %

Tarulika Jain
Feb 21, 2020

Cardano Launches Ouroboros BFT Hard Fork Before Era of Shelly Mainnet

Cardano
Charles Hoskinson announced the successful launch of Ouroboros BFT hard fork, a major technical update to create a bridge between Byron and upcoming Shelly Era. It signifies the revival of the original Ouroboros Classic protocol and helps Cardano to move forward to flip the switch on centralization.

Hardfork successful. The OBFT era has begun

Updated Version Of Cardano Before the Era of Shelly Mainnet

The development team of Cardano updated its main algorithm, Ouroboros Classic, to Ouroboros Byzantine Fault Tolerance (OBFT). The OBFT is the final upgrade of Byron mainnet evolution before Ouroboros Genesis that will power its decentralized Shelley Mainnet.

The proof-of-stake protocol of Cardano was upgraded on Feb 20, 2020. Neither the ADA holders nor the users of Shelly incentivized testnet was disturbed. The OBFT fork was utilized on the federated Byron mainnet. As per the analysts, Cardano network may achieve the higher transaction speed along with easier portability and adaptability of blockchain after the upgraded version.

The progress is only one of the network upgrades, which is expected before the advent of the Shelly era. The Shelly mainnet that will be powered by the Ouroboros Genesis Protocol may turn the Cardano into one of the most decentralized blockchain projects. The mainnet will permit the community to choose their validators via staking by removing the “training wheels”. It will also add several features which will act as a barrier for hacking validators.

“Shelly Era” Will Advance The Network

Unlike the Byron Era, the transitions to Shelly is designed for smooth and low-risk transition without any service interruption. The network is federated during Bryon era, which will aim to optimize decentralization after Shelly Mainnet is fully implemented. Currently, the significant blockchain networks are majorly controlled by less than ten mining pools which expose the network to risk of malicious behaviour, which may be avoided by Cardano system, which will encourage greater decentralization.

Cryptocurrency is famous for its “decentralized’’ nature in the financial market. The latest step of Cardano to strengthen the character of digital coins can prove as a source for fresh investments.

Cardano Launches Ouroboros BFT Hard Fork Before Era of Shelly Mainnet
Tarulika is an engineering graduate and an eloquent crypto blogger. Being a digital economy supporter, she keeps herself updated with the latest innovation in the crypto industry, Blockchain Technology, Internet of Things and other technologies. Currently, she curates the simple and interesting content for Crypto guides for beginners. If you want to learn more about the cryptocurrencies, latest trends of blockchain-powered AI applications, you are free to follow her on LinkedIn and Twitter.

Related News

Whale Moves: 200 BTC Transferred to Binance Amid Market Volatility
NEWS

Whale Moves: 200 BTC Transferred to Binance Amid Market Volatility

After three years of relative quiet, a major whale made a sudden move by transferring 200 BTC (approximately $18.4 million) to Binance, according to Spot On Chain. T ...
Sujit Kumar3 hours ago
Bitcoin Dips to $88.83 as Mow Calls It Oversold, Saylor Sees Opportunity
NEWS

Bitcoin Dips to $88.83 as Mow Calls It Oversold, Saylor Sees Opportunity

Bitcoin experienced a significant drop over the past 24 hours, falling by 7.45% to trade at $88.83, its lowest level since mid-November 2024, according to CoinMarket ...
Sujit Kumar4 hours ago
SEC Acknowledges Cardano ETF Application
NEWS

SEC Acknowledges Cardano ETF Application

The U.S. Securities and Exchange Commission (SEC) has officially acknowledged the rule change application for the Grayscale Cardano ETF filed by NYSE Arca. The propo ...
Sujit Kumar9 hours ago
FTX CEO Sam Bankman-Fried Reemerges Amid Pardon Speculation
NEWS

FTX CEO Sam Bankman-Fried Reemerges Amid Pardon Speculation

After over two years of silence, FTX CEO Sam Bankman-Fried has reappeared on social media, sparking widespread discussion within the crypto community. Currently serv ...
Sujit Kumar10 hours ago
PinkSale AutoStakeYield Fair Launch ad
SEC to Slash Regional Director Roles in Major Cost-Cutting Move
NEWS

SEC to Slash Regional Director Roles in Major Cost-Cutting Move

The U.S. Securities and Exchange Commission (SEC) is set to eliminate the positions of top leaders at its 10 regional offices, according to sources familiar with the ...
Sujit Kumar11 hours ago