Blockchain
By Dan Saada
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Cardano (ADA) Soft Fork and Hard Fork
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The Cardano Upgrade to Shelley Network is special because the evolution of the Proof of Stake is expected to elevate the blockchain ecosystem.
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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.
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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.
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Sydney Ifergan, the crypto expert tweeted: “True Decentralization coming to Cardano (ADA) with the Byron and Shelley Mixed blockchain.
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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.
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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.
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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…
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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.
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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.
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There is an elaborate presentation of how they do this.
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