Cardano Moves Ahead towards Decentralized Blockchain

Cardano Moves Ahead towards Fully Decentralized Blockchain

Cardano, a decentralized public blockchain and cryptocurrency project, is currently upgrading its major codebase. IOHK, which is behind the development of Cardano, earlier announced that the changes will be unveiled on 31 March, Altcoin Buzz website reported.

The upgrade will lead to a smooth transition from the Byron to the Shelley era.

Charles Hoskinson, CEO and founder of IOHK, said his company has taken 18 months to rewrite the blockchain node of the Byron era. He added that the move will provide a low-risk transition to a fully decentralized blockchain in the Shelley era.

Modular methodology

During this period, the IOHK has used evidence-based software development methodology to develop a new code for the Byron reboot. They used Haskell’s functional programming to write the revised codebase in a standard style. This will effectively add to Cardano’s scalability.

The move aims to update several components of Cardano. The upgrade aims to make the codebase standard as it will separate other components of the node such as the ledger and consensus.  

Byron Reboot is said to be the network’s most important release, especially when you mean the retail side. The Byron Reboot is “100% re-written code, security audited, built with formal methods and it’s a 100% built in-house.” 

Hoskinson earlier said:

“Cardano was very honest, when it started. We said that we are a scientific project. And a scientific project means you do science and science is unpredictable and takes time. […] Cardano was never a project that signed up to build yet another cryptocurrency, we have them. […] We would be just one voice among the 3000 speaking. And how do we get ahead? Cardano said it will be a project that will carry the burdens scientific due diligence on the entire industry.”

“We are very close to getting a band for the release of the Shelley mainnet. That band gives us a two-month time frame for the release of the Shelley mainnet. We will have greater clarity by the end of March as to a two to a four-week window when the Shelley launch will occur,” he added.

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Rabea Maguid 551 Articles
Rabea Maguid is a journalist completely obsessed with crypto industry. He holds B.A. from Al-Azhar University, and has a background in journalism and economics. Rabea Maguid likes to think about the future in a positive way, and sees blockchain as a potential driver of deep societal change.