IOHK has announced a “reboot” of Cardano blockchain, according to a release.
IOHK was founded by Charles Hoskinson, well-known in the blockchain world as a founder of Ethereum among other things.
IOHK describes the update as a transition from the “Byron-era codebase” to the “Shelley era”. IOHK says the new-shiny iteration of Cardano will be released on March 31, 2020. The entire codebase is said to have been re-written in the Haskell programming language.
The latest release is said to improve the performance of the entire network. The reboot of the code will see changes to the Cardano node, but also the Cardano explorer, the wallet backend, and the Daedalus wallet.
The first part of the Byron reboot is a totally new node implementation – designed from the ground up.
“Work has also been underway to improve the Cardano explorer, the wallet backend, and Daedalus itself. The new explorer has been redesigned to make it easier to use, as well as having an updated visual design and more information available. The improved wallet backend and associated services, collectively known as Adrestia, will allow exchanges and third-party developers to engage with the Cardano network using a collection of independent, self-contained libraries. The newly extended APIs have been explicitly designed to meet the needs of larger exchanges, enabling ada to be supported on even more platforms. A new and improved Daedalus release will see support for the Yoroi wallet, transaction filtering, parallel wallet restoration – as well as some significant performance improvements.”
Another reboot and Daedalus is expected in the coming months.
The goal is to gradually and sustainably transition the entire Cardano blockchain to working on the new node implementation, without any disruption or loss of service.
“At the most fundamental level, the Byron reboot will improve the performance of the entire Cardano network. Transaction throughput capacity will significantly increase, and the network will be able to handle much higher demand and transactions per second. The node improvements also make the node more efficient and reliable in terms of memory usage, increasing the viability of running a Cardano node on a low-spec machine or in poor network conditions, which, in turn, enables more users to participate in the Cardano network across the world.
“I am extremely proud of the IOHK developer team’s endeavours to rewrite the Byron era node from the ground up. Their work represents a significant investment in the network-critical infrastructure required to support the Shelley era of Cardano as we move forward on our mission to build a global-scale financial and social operating system.”