Learn about the latest developments in the cryptocurrency market.
Cardano founders refute claims of environmental stagnation.
Major protocol updates are coming soon to improve scalability and governance.
The implementation of the hardfork requires the participation of a stake pool operator.
#Cardano founder Charles Hoskinson refuted concerns about the blockchain's performance against the backdrop of stagnating token prices and emphasized that major protocol updates are expected soon. In an #interview with Tony Edward of Thinking Crypto, Hoskinson talked about Cardano's active community and future enhancements that promise to improve scalability and network management capabilities.
Charles Hoskinson talks about the scalability of #Cardano .
Hoskinson updated Edward on Cardano's progress and said that the team is working on two components of the roadmap: Basho (scalability) and Voltaire (management) simultaneously. He explained that Voltaire is required for some aspects of Basho and aims to create a representative network management system.
The Cardano community spent two years discussing Voltaire implementation before settling on Cardano Improvement Proposal (CIP) 1694. The team then held more than 25 workshops around the world and engaged in active dialog for a year and a half to finalize the management tools.
According to Hoskinson, the final stage of implementation is underway and node9.0 is expected to be ready to fork next week. He emphasized that Cardano is community-oriented and involves stakeholders throughout the process. Regarding hardforks, 70% of betting pool operators must install the new node before activation.
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