Charles Hoskinson: “New Update to the Cardano Ecosystem Will Help Eliminate Redundancies”
During a recent Reddit AMA, Cardano exec Charles Hoskinson spoke at length about the workshop that took place in Berlin recently — where ADA devs concluded work on the upcoming ‘Delegation Specification’ protocol.
In regards to the matter, Charles Hoskinson was quoted as saying that the aforementioned ‘Delegation Spec’ module has been devised to serve as a significant component of the currency’s native ecosystem (primarily by making it more user-friendly and secure).
He then went on to add:
“Spec was written in math and was very close to the canonical representation to the Haskell Programming Language”.
More on the Matter
In terms of how much progress the team has made so far, Hoskinson noted that they were nearly ready to release “Cardano 1.5”. Additionally, he also specified that no major changes had been made to the firm’s native wallet offering other than the ‘Classic Ouroboros’ module being replaced by the more functional ‘Ouroboros BFK’.
However, in the future, to decentralize the currency’s existing system, even more, the dev team plans to push forth with its upgrading efforts by introducing a decoupled wallet by the time the next update is released
Future versions will also include:
- New delegation mechanics that will allow independent users to create their own staking pools.
- A new test net which will feature options related to live-staking.
Last but not least, Hoskinson was also adamant that as we move into the future, the Cardano ecosystem will gradually wean away from its UTXO setup to a new kind of blockchain system (details regarding which are currently unknown).
As mentioned earlier, Cardano’s dev team is currently in the process of devising a tool that will help independent enthusiasts “explore the true potential of POS”.
On the matter, Hoskinson was recently quoted as saying:
“All of the millions and millions of web developers who understand how to write software for these systems or have written software for these systems would instantly be able to apply all their tools, domain knowledge and other capabilities into these systems and there’s a pretty reasonable security model around them.”
As a result of all of the aforementioned efforts, it is being projected that in the future, Cardano will be able to facilitate anywhere between 50 to 250 transactions per second.