Cardano's 1.5 Mainnet has successfully been completed

22 Mar, 2019
by Richard Allen
News
Cardano's 1.5 Mainnet has successfully been completed

Cardano has successfully released its 1.5 mainnet which marks a big step towards proof-of-stake consensus. The update also brings a number of optimizations mainly focused around the crypto wallet Daedalus, according to the announcement.

Cardano released its mainnet on March 21, marking the final stage of the project’s “Byron” phase of development with the second phase, Shelly, already in the pipeline. The update also includes performance improvements when rendering lists with a large number of transactions and wallet addresses, the addition of features for detecting insufficient disk space, and a new screen that visualizes the block storage consolidation process.

The update is significant because it introduces Ouroboros BFT, the new consensus protocol. This will be activated through a separate update and will replace Ouroboros Classic until the implementation of Ourboros Genesis, designed for Shelly. The Genesis mechanism combines the advantages of Proof-of-Stake with Proof-of-Work systems.

Given that Cardano 1.5 is technically a hard fork, the team reports that the update “will take place in a smooth and automatic way because this is a planned protocol upgrade whereby all parties of the current federated system have agreed to the change.”

The announcement caused a 5% spike in the price of Cardano. At the time of writing, Cardano is up over 7% trading at $0.057.

Read more: Will the Samsung Galaxy S10 offer support for Cardano (ADA)?Charles Hoskinson talks ETC, Consensys, Coinbase and more

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Chepicap is here for you 24/7 to keep you informed on everything crypto. Like what we do? Tip us some Satoshi with the exciting new Lightning Network Tippin.me tool!

 

Read more: How to tip and receive Bitcoin via the Lightning Network with Tippin.me

Read more about:Cardano (ADA)

Poll

How likely are you to invest in Cardano?

(77 votes)

Add a comment

Cardano is very suspicious project. i do not understand how can people trust this asset. totally unreliable like usdc
23 Mar, 2019 - 11:42

Check out the latest news

You will be logged out and redirected to the homepage