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Cardano ecosystem ‘anticipates’ Ouroborus-BFT hard fork in February

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Cardano is claimed by many to be one of the most innovative blockchains in the crypto-industry today. As it enters the Shelley phase, there will be a cryptocurrency consensus algorithm shift towards proof-of-stake [PoS] with the implementation of the Ouroborus BFT consensus.

OBFT is touted as the first PoS protocol that matches the security provided by proof-of-work [PoW] protocols. In what is a recent development, Charles Hoskinson, Founder and CEO of blockchain engineering firm IOHK, revealed that the Cardano ecosystem is “anticipating” an OBFT hard fork in mid-February. Hoskinson claimed that the firm has been in talks with its exchange partners to ensure that the necessary “infrastructure is lined up” for the hard fork.

In a recent video, IOHK exec informed the community,

“..infrastructure looks good, so mid-February we anticipate an OBFT hard fork. So there will be an upgrade to the software for that and the Haskell wallet back-end is being integrated with the Haskell node for the Byron reboot.”

Additionally, the Cardano ecosystem has been gearing up for the Shelley Haskell testnet release while the incentivized testnet is on a weekly release since its release in the first week of January this year. Hoskinson also revealed that Daedalus is in its weekly release cycle as well. Elaborating on the same, the exec said,

“Looks like we are on the last mile of the hardware support. So at some point, you will be able to restore your ledger devices into Daedalus. You could manage ledger accounts and keep your private keys on the ledger device.”

With respect to the next-generation protocol on Shelley – the Hydra project – Hoskinson revealed that simulations are underway as it prepares for the February launch of its paper. Hoskinson had previously claimed that the protocol is at least five times faster than that of Ethereum.

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Chayanika is a full-time cryptocurrency journalist at AMBCrypto. A graduate in Political Science and Journalism, her writing is centered around regulation and policy-making regarding the cryptocurrency sector.
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