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TagsWhat are the key changes introduced in the Cardano hard fork?
Harbey BriceñoDec 17, 2021 · 3 years ago1 answersCan you provide a detailed explanation of the key changes that have been introduced in the Cardano hard fork? What impact do these changes have on the Cardano blockchain and its users?
1 answers
- The Cardano hard fork has introduced several important changes to the blockchain. One of the most significant changes is the implementation of the Ouroboros Byzantine Fault Tolerance (OBFT) consensus algorithm. This consensus algorithm improves the security and scalability of the Cardano network, making it more resilient to attacks and enabling faster transaction processing. Additionally, the hard fork introduced a treasury system, which allows the community to allocate funds for projects and initiatives through a decentralized voting process. This ensures that the Cardano ecosystem remains self-sustaining and responsive to the needs of its users. Overall, these changes enhance the overall functionality and stability of the Cardano blockchain, positioning it for further growth and adoption in the cryptocurrency market.Dec 17, 2021 · 3 years ago
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