Charles Hoskinson, the mastermind behind Cardano, has announced some exciting news: the development and research of new protocols are moving at lightning speed!
Ouroboros Peras: From Theory to Practice
One of the most promising protocols, Ouroboros Peras, is making significant strides. It’s a major upgrade to the existing Ouroboros Praos protocol, adding a voting layer to speed up transaction settlements. Imagine it like a super-fast way to confirm transactions, making Cardano even more efficient.
The team has already created a working prototype of Peras and is currently negotiating the implementation plan. This means they’re moving beyond just ideas and are getting ready to put Peras into action on the Cardano network.
Ouroboros Leios: The Next Big Thing
But wait, there’s more! Hoskinson also revealed that the team is now focusing all their efforts on a new protocol called Ouroboros Leios. This protocol aims to drastically increase Cardano’s throughput, allowing it to handle even more transactions and data.
Think of Leios as a turbocharged version of Cardano, capable of handling a massive amount of activity without compromising security. It’s still in the early stages, but the team is already working hard to make it a reality.
What’s in Store for Cardano?
These new protocols are a big deal for Cardano. Peras will speed up transactions, while Leios will make the network even more powerful. With these advancements, Cardano is poised to become an even more robust and efficient platform for the future.
