🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Cardano to Integrate Hyperledger Firefly for Scaling Solution

Published 13/03/2024, 11:35
Cardano to Integrate Hyperledger Firefly for Scaling Solution
ADA/USD
-

Coin Edition -

  • Cardano’s Hoskinson announces integration with Hyperledger Firefly to assess suitability for Stake Pool Operators.
  • Collaboration with Blockfrost aims to evaluate Firefly’s potential for improving Cardano’s scalability.
  • SuperNodes is envisioned to enhance scaling for Cardano and partner chains including off-chain and roll-up models.

In a conversation on X, Cardano founder Charles Hoskinson and CEO of IOHK expressed plans to integrate Cardano with Hyperledger Firefly, a multi-party system for enterprise data flows. This revelation came as a response to a tweet by Chris O’Connor, co-founder of Cardano Ghost Fund DAO, who emphasised the significance of scaling solutions within the Cardano ecosystem.

Hoskinson’s response to Chris O’s tweet unveiled IOHK’s collaboration with Blockfrost to integrate Cardano with Hyperledger Firefly. The purpose of this integration is to assess its suitability for Cardano Stake Pool Operators (SPOs).

Chris O’Connor had previously tweeted about the concept of “SuperNodes” within the Cardano ecosystem. He referred to an interview with Hoskinson a few months ago where they discussed Hyperledger Firefly and its potential applications.

SuperNodes are envisioned to play a role in scaling Cardano and its partner chain, off-chain, Hydra, Mithril and roll-up models. O’Connor linked to a blog post explaining Hyperledger Firefly and highlighted its potential for building multi-party applications.

Source: Hyperledger Foundation

Cardano is a proof-of-stake blockchain platform and SPOs play a crucial role in Cardano’s network by validating transactions and securing the network. Hyperledger Firefly is an open-source project that aims to simplify the development of decentralized blockchain applications for enterprises. It provides a standardized framework for building multi-party systems enabling developers to focus on business logic rather than complex infrastructure.

By integrating and testing Firefly, IOHK can evaluate if it meets the requirements of Cardano SPOs. If successful, this integration could pave the way for a more lightweight consensus mechanism for Cardano and potentially improve scalability that can benefit both SPOs and users.

The post Cardano to Integrate Hyperledger Firefly for Scaling Solution appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2024 - Fusion Media Limited. All Rights Reserved.