Here’s What to Expect from Cardano’s Upcoming Upgrade

Charles Hoskinson, founder of Cardano, recently discussed a potential network upgrade following the launch of the Ouroboros Peras protocol.

He acknowledged that this upgrade is overdue and would significantly enhance the Cardano network.

Hoskinson indicated that developers might prioritize an upgrade related to validation zones after the Peras upgrade, aligning with Cardano developer Andrew Westberg’s views. Westberg described the Cardano Improvement Proposal (CIP) as an “elegant solution” to ongoing challenges, introducing composability and ‘Babel Fees’ to the network.

This proposal aims to refine the efficiency of the eUTXO model and make adjustments to validation zones, which facilitate specific types of transactions.

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This proposal comes after Hoskinson defended Cardano against recent criticism, asserting that the transition to the Voltaire era would address long-standing issues. Critics, he believes, often misunderstand the blockchain’s development trajectory.

The Ouroboros Peras protocol, according to Input Output, is an advancement of the Ouroboros Praos protocol that minimizes transaction reversal risks. It employs stake-based voting to enhance the significance of blocks agreed upon by the majority of stake pool operators (SPOs), modifying the chain selection rule to favor the heaviest chain.

Hoskinson also praised the Peras release as “one of the best-prototyped protocols,” highlighting its role in scaling the Cardano network effectively.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.