Charles Hoskinson, co-founder and CEO of IOHK the company behind Cardano He stated that he anticipates the coin to undergo the first hard fork around the middle of February.
Charles Hoskinson, co-founder and CEO of IOHK the company that operates on blockchain responsible for Cardano ( ADA) has said that he anticipates the cryptocurrency to be able to experience the hard fork to occur in February, around the middle of February.
In the stream at the beginning of January. 17 Hoskinson stated that he expected the consensus algorithm of Cardano to be updated by a hard fork in the next month. Hoskinson stated that he is “pretty high certainty” that the Ouroboros Bizantine Fault-Tolerant Consensus Protocol ( OBFT) will be in place by mid-February:
“Looks like by February with a high degree of certaintyit’s going to be the month that we see an OBFT hard fork happen. We’re in talks with our exchange partners regarding this and we’re trying to ensure that all the infrastructure is ready for it, but the infrastructure is looking pretty good and we’re expecting mid-February to see an hard fork OBFT.”
At press time, IOHK had not answered Cointelegraph’s questions regarding the changes that resulted from the upgrade. This report will be updated as we await the answer.
Hoskinson added in his livestream on the subject Hoskinson also said during the livestream that Ledger Hardware wallets integration Daedalus the Cardano software wallet is almost fully operational and ready to go.
Cardano sees rapid development
It’s not the only development recently for Cardano. As Cointelegraph revealed earlier this morning Cardano’s commercial Blockchain arm Emurgo has teamed up along with the Uzbek government Uzbekistan to establish an official task force on blockchains to create rules for security exchanges and token offerings.
This month, a newly-created Cardano testing network created and within a matter of one day, ADA users invested more than 5 billion dollars (worth around 195 million dollars at that moment) which shows a significant stakeholder involvement in the activities of the network.
