Here’s how Cardano (ADA) can change its biggest upgrade in post-Alonzo era - and why is this crucial for Web3 as a whole
Here’s how Cardano can change its biggest upgrade in post-Alonzo era - and why is this crucial for Web3 as a whole
Largely, the updates will reconsider data processes in Cardano to make it more resource-optimized and developer-friendly;Introduced in 2015 by Charles Hoskinson, top blockchain developer, entrepreneur, investor and one of Ethereum’s founders, Cardano platform promoted itself as a third-generation blockchain designed to address the bottlenecks of the first and second generations of distributed networks.
Cardano blockchain also underwent a number of hardforks; its upgrade, Mary, introduced support for multiple assets, while Alonzo added smart contracts functionality. Cardano is the only mainstream blockchain with a so-called “hardfork coordinator,” a one-of-a-kind mechanism designed to organize network upgrades seamlessly and with minimum friction.As Cardano lacks a roadmap and whitepaper, its upgrade announcements usually make headlines in Web3 media.
Technically, it will reduce the volume of data the participants of the consensus must check to interact with it. As such, decentralized applications will easily adjust their designs to new upgrades to make these operational logics more efficient.The CIP-33 upgrade affects Plutus scripts. These scripts are actually short software programs that are not stored on-chain.
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