Cardano ADA Will Release A New Ouroboros BFT Protocol

The Cardano news today show that the launch of the Shelley mainnet for the network may challenge the superiority of Ethereum 2.0 as the most anticipated release of 2020. Now, reports show that Cardano ADA will release a new Ouroboros BFT protocol which makes things come a step closer.

According to Tim Harrison who is the Marketing & Communications Director at Cardano (ADA), a brand new Ouroboros Byzantine Fault Tolerance (OBFT) consensus protocol will be released today.

After 18 months of development, the Cardano (ADA) team is ready to update its main algorithm, Ouroboros Classic, to Ouroboros Byzantine Fault Tolerance (OBFT). While the first one is associated with Byron Mainnet, the OBFT is the last stage of system evolution before the Ouroboros Genesis which will power the Shelley Mainnet.

The upgrade will occur on February 20, 2020 within the Epoch 176 of the Cardano (ADA) network. Neither ADA holders nor the participants of Shelley Incentivized testnet have been asked to do anything during the upgrade.

What’s important as the cryptocurrency news now show is the fact that end-users will benefit most from this anticipated update from its very early days. The official statement shows that the system performance (transactions per second or TPS) will be improved as well as the blockchain adaptability and portability. Mr. Harrison also outlined that the novelty will re-consider the decentralization of the Cardano (ADA) blockchain as it will also enable the evolution of Cardano on the Byron era – to the decentralized Shelley era.

Cardano ADA will release a new protocol towards its mainnet development and the users are very excited about it. According to Mr. Harrison, the next update following the OBFT release will be shipped ‘over the next few months’ but some of the Cardanians are suspicious.

Critics still remember that Charles Hoskinson said that the Shelley Mainnet will be launched in Q1, 2020. Despite the past commitments, now the release of Shelley may be delayed until Q2 of 2020.

On the market, we can see that Cardano’s ADA token has lost around 7.53% today and is trading at $0.057 as its new price. The altcoin’s market cap has also declined and is now at $1.49 billion, proving that a major bearish trend is here.