Cardano’s IOHK Rolls Out alpha v1 To Tighten Network Security

full version at coingape

Blockchain engineering company Input Output (IOHK), the developers of Cardano have launched alpha v1 marking the first step to partner chains. This will help reduce the vulnerability challenge faced by some chains in preventing low-cost attacks. Blockchains continue to release upgrades as the scalability race ramps up.

Cardano’s IOHK Launches alpha v1

IOHK has released alpha v1 update which will introduce partner chains into the ecosystem. In an Aug 1 announcement, the company stated that it will allow developers to bootstrap network security through Cardano stake pool operators (SPOs). Consequently, the network’s leveraging on it can boost the number of validators and in turn, upgrade security.

“The alpha v1 release is just the beginning of the journey. It is intended to get feedback from the community, but this release should not be used in live production networks. Input | Output wants to do this openly, alongside the community, and welcoming its feedback. Midnight will be the first partner chain to launch. Midnight incorporates partner chains technology allowing SPOs to act as bootstrapping validators for the network.”

The release will enable devs partner chains to leverage Cardano’s SPO in a shared security arrangement coupled with mixed committees of permissioned validators for a balanced oversight. This takes away associated bottlenecks as any SPO can join a partner chain as a validator with little cost. Per the update, no permission or software expenses are required in the seamless configuration process.

Also Read: European Central Bank Braces For Two More Rate Cuts, Is US Fed Next?

Network Points to Improved Scalability

Users and developers lauded the rollout on social media spaces with many stressing network security. Blockchains continue to develop scalable mechanisms as crypto adoption grows globally. Last year, the platform’s CEO Charles Hoskinson outlined to roll out partner chains to utilize its core strength.

“Partner chains will revolutionize how new blockchains are launched and operated by combining modular blockchain technology with proven security, liquidity, and reliability. Partner chains will gain these benefits without the lock-in of any network or technology stack.”

Also Read: MicroStrategy’s Bitcoin Debts At Risk If Cash Flows Don’t Improve

The post Cardano’s IOHK Rolls Out alpha v1 To Tighten Network Security appeared first on CoinGape.