The Cardano (ADA) network will perform a scheduled upgrade on Feb. 20 to introduce Ouroboros BFT, an improved consensus mechanism. The update is an intermediate step between the current Byron era and Shelley, which will introduce staking on mainnet. Announced by IOHK on Feb. 19, the upgrade will be executed on Thursday at 9:44 PM UTC, or 4:44 PM EST. The network will undergo a hard fork, though the team emphasizes that “it is a planned and managed protocol upgrade.” What is Ouroboros BFT? The new protocol is a development over the original Ouroboros “Classic,” which is currently active on …

Cardano (ADA) revealed a new paper on Jan. 27 in which the firm details how smart contracts will be implemented in the upcoming Goguen update. Though the system is unique, its release date is still uncertain in light of Cardano’s history of delays. How EUTXO works The Extended UTXO model was specifically designed as an improvement on Bitcoin’s (BTC) pure UTXO architecture. In Bitcoin, each transaction is based on the concept of outputs and inputs, representations of specific amounts of BTC. A specific transaction simply takes some Bitcoin in the form of inputs and reshapes them into different outputs. Similar …

Charles Hoskinson, co-founder and CEO of IOHK, the blockchain firm behind Cardano (ADA), said that he expects the coin to see a hard fork in mid-February. During a livestream on Jan. 17, Hoskinson noted that he expects Cardano’s consensus algorithm to be upgraded with a hard fork next month. He said that he has “pretty high certainty” that the Ouroboros Bizantine Fault-Tolerant Consensus Protocol (OBFT) will be implemented in mid-February: “Looks like February — at pretty high certainty — we’re going to have the OBFT hard fork occur. We’re still talking to our exchange partners about that and we just …

Ethereum (ETH) co-founder turned Cardano (ADA) creator Charles Hoskinson believes that if Bitcoin (BTC) fails, the entire cryptocurrency industry could fail. Hoskinson made his remarks during an interview for the Off the Chain podcast on Oct. 10, hosted by Morgan Creek Digital Assets co-founder Anthony Pompliano. After multiple projects that included co-founding Ethereum, Hoskinson — a mathematician, cryptographer and entrepreneur — founded the peer-to-peer technology firm Input Output Hong Kong (IOHK) in 2015. As CEO of IOHK, Hoskinson created and launched the cryptocurrency Cardano in 2017, which uses a Proof-of-Stake (PoS) algorithm dubbed Ouroboros. Bitcoin: “blind, deaf and dumb by …

Charles Hoskinson, a co-founder of the Ethereum Network and current CEO of IOHK, has announced that IOHK-created project Cardano is rolling out version 1.6 within a few days’ time. Hoskinson teased the upcoming launch in a Twitter post on Aug. 13. Hoskinson also asked users to send screenshots and comments on the latest version of Daedalus, which is an open source cryptocurrency wallet also backed by IOHK. As per IOHK’s website, Cardano is a blockchain platform that uses the proof of stake algorithm Ouroboros. Its native cryptocurrency, ADA, is based on the functional programming language Haskell. Daedalus, for its part, …

Security token platform Polymath will build a separate blockchain for regulation-compliant tokens with an Ethereum (ETH) co-founder, the company confirmed in a blog post on May 13. Polymath, which has already contributed to the launch of over 100 security tokens, will now work with Charles Hoskinson on a new project dubbed Polymesh. Hoskinson, who after Ethereum became known for his subsequent cryptocurrency projects Cardano (ADA) and IOHK, will leverage his expertise to inform the development of the new platform. The partners confirmed the plans at the ongoing Consensus 2019 conference Monday. “There are quadrillions of dollars of financial securities, and …

Charles Hoskinson, the co-founder of Ethereum (ETH) and IOHK, the company behind Cardano (ADA), has criticized Ethereum and EOS’s approach to development. Hoskinson made his comments during an interview with business news outlet Fortune published on April 9. During the interview, Hoskinson noted that most protocols publish all their code open source and free from patents, explaining that ideas which Cardano or most other crypto development teams come up with can be used by other teams. This, he claims, is different from EOS’s approach and the way in which Ethereum’s Proof-of-Stake (PoS) algorithm Casper is being developed: “This is a …

Predictive analytics firm Endor has launched a blockchain-powered tool allowing businesses and cryptocurrency holders to ask and answer questions based on big data. The company confirmed the launch in a press release provided to Cointelegraph on April 4. Endor, founded by two MIT researchers, has offered enterprise prediction solutions since 2014. Today’s announcement reports on the newly added Endor Protocol, which will leverage artificial intelligence (AI) to analyze data sets. In addition to business strategy, the protocol will also be able to offer insights into areas such as ERC-20 token performance, executives say, including likely price and volume behavior. The …

Cardano (ADA) CEO and Ethereum (ETH) co-founder Charles Hoskinson has joined predictive analytics firm Endor. The company announced the appointment in a press release shared with Cointelegraph on Feb. 4. Established in 2014, Endor claims to be the first automated predictions engine in the field of business decision-making by means of a blockchain-based and artificial intelligence (AI)-powered analytical platform. Last spring, Endor reportedly raised $45 million in a token pre-sale for its predictive analytics technology. According to the press release, Endor has onboarded Hoskinson as a senior advisor, who will provide guidance and counsel in respect to the cryptocurrency industry, …

Crypto markets might need more than a decade to regain 2017’s price highs, but the industry will a “dramatically different ecosystem at that point,” according to top altcoin Cardano’s (ADA) founder, Charles Hoskinson. The industry expert made his comments in an interview with Cointelegraph at the Crypto Finance Conference, Jan. 17. Hoskinson compared crypto’s major growth spurt in 2017 with Amazon’s performance during the dot-com bubble. The entrepreneur — who is also the co-founder of Ethereum (ETH) — noted that it took 11-12 years for the internet giant to recover its all-time highs at the peak of the bubble. He …

Bankers continue to come from traditional financial roles to Blockchain related projects. Leaving behind them a salary of up to seven figures shows a strong belief in the future of digital currencies. The lure of a young but quickly maturing marketplace is growing stronger. From somewhat ‘early adopters’ like former JP Morgan executive Blythe Masters - known for her prodigy climb and creating the modern credit default swap - became CEO of Digital Asset Holdings. Cointelegraph recently covered former Morgan Stanley’s top man venturing into cryptocurrency. One time Morgan Stanley CEO John Mack seeks to launch his own ICO for …