Cardano Founder Hints at New Update for the Future of the Network
Tips About the Update
Hoskinson, in a post on the X platform, stated that after the Peras update, Cardano developers may be working on an update to the validation zones. This statement follows a statement with Cardano blockchain developer Andrew Westberg, who supported Westberg’s view that this update should be a development priority.
Andrew Westberg stated that this update is a long-awaited development for the Cardano Network and will “significantly improve” the network.
Introduction of Ouroboros Peras Protocol
With the addition of the Ouroboros Peras protocol to the Cardano network, it was stated that this update will bring some changes to the validation zones. Input Output explained that Peras is an extension of the Ouroboros Praos protocol and that it will use stake-based voting to minimize the possibility of transactions being withdrawn.
Peras’s core concept involves using stake-based voting to increase the weight of blocks that a majority of stake pool operators agree on.
Hoskinson noted that the Peras protocol is “one of the best-prototyped protocols,” and that this and Leios’ proposed updates are among the plans to help scale the Cardano network.