Logo
Cardano Ecosystem

U.Today

06/08/2023

·

139 views


Cardano's Mithril Nearly Ready for Mainnet Launch

The imminent release of Mithril, a protocol aimed at boosting scalability and chain synchronization, will mark yet another milestone for Cardano

Cardano's Mithril Nearly Ready for Mainnet Launch

Cardano's much-anticipated Mithril protocol is closing in on its Mainnet launch, according to notes from a recent Stake Pool Operator (SPO) call by Richard McCracken, a known figure in the Cardano community.

With final testing stages in progress, Cardano continues to demonstrate its commitment to improving scalability and performance.

McCracken's update encourages SPOs to upgrade to node version 8.0.0 on the mainnet, suggesting a single relay in P2P, and another in manual or topology updater mode. However, he recommends the use of version 8.1.1 only on the preview testnet for the time being, suggesting a cautious approach to the mainnet transition. These updates underscore Cardano's commitment to the smooth functioning of its network during crucial upgrades.

On the Mithril front, the protocol's launch on the mainnet appears imminent. Stakeholders and community members have been invited to join the Discord channel to participate in coordinating the launch, testing, and feedback collection for Mithril. This collaborative approach is a cornerstone of Cardano's community-oriented ethos.

The Mithril protocol aims to create a stronger and lighter blockchain through a stake-based threshold signature scheme to enhance chain synchronization, state bootstrapping, and trust issues in blockchain applications.

In other updates, McCracken touched on governance, revealing that Delegated Representatives (DREPs) would have the ability to remain anonymous, and there would be no saturation cap on the amount of delegation a DRep can receive.

About the author 
Alex Dovbnya Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption.

AD

@CardanoFeed - Follow us on X (formerly Twitter)

Stay informed with the latest $ADA Cardano news in real time.FOLLOW NOW!


Read Original Article on U.Today

ORIGINAL SOURCE

https://u.today/cardanos-mithril-nearly-...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


.

More from U.Today

See more
ADA, BTC to Gain Institutional Exposure as Grayscale Unveils Crypto Indices
U.Today
ADA, BTC to Gain Institutional Exposure as Grayscale Unveils Crypto Indices

10/25/2023

·

84 views

Related News

See more

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)