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Cardano developers: “We have many new technical developments in the pipeline”

 


Input-Output Global (IOG) developer Duncan Coutts has shared his views on the state of the Cardano blockchain and the upcoming upgrades. In an interview with CityAM, Coutts highlighted the innovations happening on the network and what the upcoming Vasil hard fork has in store.


The Cardano blockchain has seen numerous improvements over the past few years. In the second half of 2020, the blockchain fully transitioned to a Proof-of-Stake (PoS) consensus protocol and then proceeded to implement smart contracts capabilities.


With the Hard Fork Combinator event “Alonzo”, IOG has fully focused on improving the performance and scalability of the network. With that in mind, Coutts said:


There are a lot of things I'm looking forward to for Cardano in the coming months. We have many new technical developments in the pipeline. Some of them are coming sooner than others, but all will have a big impact on our community.


One of these upcoming improvements is the Input Endorsers. These tools will allow the blockchain to increase its block propagation times to process more transactions with an upcoming feature called pre-constructed blocks.


The latter will be a tool that will be implemented to use the full potential of the Cardano blockchain, according to the developer of IOG. As the network rolls out these features, the ecosystem will benefit from higher transaction rates with low fees.


Additionally, the input endorsers and the pre-constructed blocks are part of an upcoming enhancement to Cardano’s consensus protocol, Ouroboros. The company is working on a new version of this algorithm called Ouroboros Leios, which will innovate the block production mechanism:


(...) we will produce ranking blocks that have 10-20 smaller block bodies. These are the ready-made blocks that are distributed over time with input endorsers, so that the resources can be used better, the distribution of the blocks is faster and the transaction rates are higher (...).

Network upgrade, more decentralization, Cardano's Vasil hard fork creates hype

Cardano has become increasingly decentralized and the community has been given more control over block production. IOG uses a series metric to measure network decentralization (block production, what percentage of the network's nodes is community-operated), called the "d" parameter.


This metric will be completely removed with the launch of the upcoming Vasil hard fork. In other words, the blockchain is meant to be fully decentralized.


Vasil will also introduce network improvements and facilitate the migration of ERC-20 tokens to this blockchain. Coutts concluded by explaining why the upcoming Vasil hard fork will mark another important milestone for this blockchain:


A key element for Vasil's scalability will be the introduction of diffusion pipelining. This will allow for continuous network tuning and optimization, including block size increases to ensure we scale Cardano as much as possible.

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