Cardano’s decentralization shifts responsibility for blockchain management to stake pools
According to a Gimbal User, “Sooraj”, the decentralization of the network layer, or P2P networking, is the most anticipated upgrade after the Vasil hard fork event. The P2P upgrade hopes to make Cardano a much more decentralized and resilient network than it currently is.
#Decentralization network layer #Cardano is the most anticipated upgrade after the #Vasil HFC event
P2P is one of those upgrades that will make #Cardano a much more decentralized and resilient network than it is now
So here is a thread about peer-to-peer (P2P) networks
— Sooraj 🚢 (@Soorajksaju2) August 27, 2022
At the heart of the Cardano network are 3,198 operator-managed stake pools (SPOs) that run the distributed nodes that keep the network running. It goes without saying that there must be reliable communication between these nodes in a decentralized and distributed network.
The decentralization of Cardano puts the responsibility of managing the blockchain in the hands of the stake pools. An essential element in this regard is the reliability and efficiency of the connections between all the distributed nodes and the guarantee that the network is resilient to failures.
In December 2021, Cardano launched a significant initiative to support its continued drive towards full decentralization with the launch of the peer-to-peer (P2P) testnet. P2P communication hopes to improve the flow of information between nodes.
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For now, the Topology Updater will continue to act as a workaround until Cardano fully transitions to a P2P network. The Cardano network will be fully decentralized once the P2P nodes are fully deployed, which will end the network’s need for centralized services like the topology update program.
What’s left for Cardano’s P2P network upgrade
In a thread of tweets, “Sooraj” points out that “According to the latest information available from InputOutputHK, P2P development is complete and all essential testing has been completed. It is under design and manufacturing review. implementation. The deployment of P2P nodes will occur in a gradual manner.”
150 articles, community of 3 million people in 100+ countries, 1000+ projects leveraging Cardano, brand engagement superior to IBM and BMW, listed on 200 exchanges, still operating since launch, adopted by countries and Fortune 500 companies…
—Charles Hoskinson (@IOHK_Charles) August 27, 2022
In other news, Cardano founder, Charles Hoskinsontalks about network referrals in response to a reviewer, “150 articles, a community of 3 million people in 100+ countries, 1,000+ projects powered by Cardano, higher brand engagement than IBM and BMW , listed on 200 exchanges, still going strong since launch, adopted by Fortune 500 countries and companies.”
Vasil’s highly anticipated upgrade is “closer than ever” as SPOs, developers, and exchanges are currently performing final integration testing and upgrading in preparation for the hard fork combinator event.