Statements from Cardano CEO: When is the new update?

0 0
Read Time:1 Minute, 36 Second

Crypto Money News – Since Shelley’s launch in July 2020, the implementation of Goguen, the next era of the Cardano blockchain, has been the focus of the Cardano Foundation.

Launch date

However, the highly anticipated launch is yet to be planned. This indicates that there are technical difficulties in running the launch.

The issue was addressed at a recent AMA by Cardano Founder Charles Hoskinson, and the manager revealed that Goguen will be promoted through a combination of three HFC events, one of which has already taken place and the second is scheduled for February.

According to Hoskinson, “Goguen physically changes the way every transaction and the entire system works.”

The CEO of IOHK also explained that this will change the way the entire system works, because the UTXO model will be expanded with Plutus scripts.

As a result, there are lots of infrastructures that need to be carefully tested. Therefore, it is “hard to say” whether the HFC event will take place at the beginning of the 2nd or the end of the 2nd quarter.

This is not the only update Cardano is planning for the second quarter. However, it is expected to be available as a full sidechain in the network simultaneously with the KEVM (K Ethereum Virtual Machine).

What does KEVM bring?

KEVM is currently running on devnet and allows developers to try out any smart contracts that can be run on Ethereum, while also offering enhanced security and performance.

Such a framework will create a permanent bridge that will allow developers to work seamlessly in both Cardano and Ethereum ecosystems.

“My goal would be to do this in the second quarter,” Hoskinson said, adding that this practice would contribute to a small monetary policy change, as Cardano wanted to encourage running side chains with inflation.

As a result, Hoskinson concluded, “A CIP (Cardano Improvement Proposal) will be put forward to determine whether to go with this or not.”

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleppy
Sleppy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%

Leave a Reply

Your email address will not be published. Required fields are marked *