The Currency Analytics
By Dan Saada
Cardano (ADA) Soft Fork and Hard Fork
The Cardano Upgrade to Shelley Network is special because the evolution of the Proof of Stake is expected to elevate the blockchain ecosystem.
ADA which is available on the Cardano network represents the stake of the holder in the network. The size of the stake is proportional to the amount of ADA held.
In the world of cryptocurrency incentives are the motivators which encourage the participants to feel rewarded for sustaining the network uptime by running the nodes.
Sydney Ifergan, the crypto expert tweeted: “True Decentralization coming to Cardano (ADA) with the Byron and Shelley Mixed blockchain.
Edsko De Vries, One of the Engineers from the Ouroboros Consensus layer, spoke about how they do the migration from Byron to Shelley and beyond.
He stated, “Now, as you are all aware, a blockchain despite the name isn’t a blockchain, there are occasions of soft forks in the chain.
He clarified and focused on the core change in concept by citing Hard fork definition per investopedia which reads: “A hard fork (or hardfork), as it relates to…
Edsko De Vries, clarifies that the hard fork from Byron to Shelley and Beyond is not going to happen per the definition of hard fork stated in investopedia.
He clarifies that the first part of the investopedia definition does not apply. They are going to have the Byron chain as it is at the moment.
There is an elaborate presentation of how they do this.