What the Byron reboot means for Cardano
New code delivers big benefits for the network and Daedalus users as we prepare for Shelley
30 March 2020 5 mins read
The Byron reboot is a series of updates to multiple components of the Cardano network. Namely the Cardano node, but also the Cardano explorer, the wallet backend, and the Daedalus wallet itself. The first part of the Byron reboot – a totally new node implementation – has already been deployed to some relay nodes on the network, and the next few weeks will see core network nodes…
Enter the Hydra: scaling distributed ledgers, the evidence-based way
Learn about Hydra: the multi-headed ledger protocol
26 March 2020 10 mins read
Scalability is the greatest challenge to blockchain adoption. By applying a principled, evidence-based approach, we have arrived at a solution for Cardano and networks similar to it: Hydra. Hydra is the culmination of extensive research, and a decisive step in enabling decentralized networks to securely scale to global requirements.
What is scalability and how do we measure it?
Scaling a distributed ledger system refers to the capability of providing high transaction throughput, low latency, and minimal storage per node. These properties have been repeatedly touted as critical for the successful deployment of blockchain protocols as part of real-world systems. In terms of throughput, the VISA network reportedly handles an average of 1,736 payment transactions per second (TPS) with the capability of handling up to 24,000 TPS and is frequently used as a baseline comparison. Transaction…