Cardano 
$0.361035Following the introduction of the Ouroboros Peras protocol, Charles Hoskinson, founder of , shared his views on possible future updates of the network. Hoskinson stated that this update is a long-awaited step and will “greatly improve” the Cardano network.
Tips About Update
In a post on the X platform, Hoskinson stated that after the Peras update, Cardano developers may work on an update regarding verification zones. This statement followed a statement with Cardano blockchain developer Andrew Westberg; Hoskinson agreed with Westberg that this update should be a development priority.
Andrew Westberg stated that this update is a long-awaited improvement for the Cardano Network and will “greatly improve” the network.
Introduction of the 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 verification zones. The Input Output company announced that Peras is an extension of the Ouroboros Praos protocol and will use staking-driven voting to minimize the possibility of transactions being withdrawn.
Peras’ core concept involves using staking-driven voting to increase the weight of blocks that the majority of staking pool operators agree on.
Hoskinson stated that the Peras protocol is “one of the best prototyped protocols,” and that this and Leios proposed updates are among the plans that will help scale the Cardano network.
At the same time, Cardano developer Westberg stated that the Cardano Improvement Proposal (CIP) offers an “elegant solution” to many long-standing problems. He added that this proposal would introduce composability and ‘Babel Fees’ in the network.
It is believed that the transition to the Cardano network, Voltaire era will help solve long-standing network problems. Hoskinson stated that criticisms of the network misunderstand the developmental journey of blockchain and the changes needed for growth.
This update comes as ADA’s price dropped over 2% in the last 24 hours and trading volume increased by 48% to $376.8 million.
The Cardano community hopes that such updates will have positive effects on the overall performance of the network.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
