Cardano set for major governance and scalability upgrades
Cardano co-founder Charles Hoskinson has pointed out two major upcoming network upgrades in a social media post defending the blockchain: the Chang hard fork and the Ouroboros Leios consensus mechanism.
“Seeing all the dunking on Cardano makes me smile a bit. We are holding all the cards as an ecosystem. We have the best path for scalability, governance, and innovation. We also have the best community,” said Hoskinson.
Scheduled for the second quarter of 2024, the Chang hard fork will empower ADA holders with voting rights on proposals, advancing the network’s decentralization.
Concurrently, the Ouroboros Leios upgrade is designed to improve transaction efficiency and scalability.
The Chang hard fork will grant ADA holders increased influence over Cardano’s governance.
Meanwhile, the Ouroboros Leios consensus mechanism is set to enhance the network’s ability to process transactions effectively without compromising on decentralization.
Hoskinson said in the X post on Sunday that Ouroboros is the “biggest step forward towards solving the blockchain trilemma ever.”
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Cardano set for major governance and scalability upgrades
Cardano co-founder Charles Hoskinson has pointed out two major upcoming network upgrades in a social media post defending the blockchain: the Chang hard fork and the Ouroboros Leios consensus mechanism.
“Seeing all the dunking on Cardano makes me smile a bit. We are holding all the cards as an ecosystem. We have the best path for scalability, governance, and innovation. We also have the best community,” said Hoskinson.
Scheduled for the second quarter of 2024, the Chang hard fork will empower ADA holders with voting rights on proposals, advancing the network’s decentralization.
Concurrently, the Ouroboros Leios upgrade is designed to improve transaction efficiency and scalability.
The Chang hard fork will grant ADA holders increased influence over Cardano’s governance.
Meanwhile, the Ouroboros Leios consensus mechanism is set to enhance the network’s ability to process transactions effectively without compromising on decentralization.
Hoskinson said in the X post on Sunday that Ouroboros is the “biggest step forward towards solving the blockchain trilemma ever.”
Read More