Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Cardano Technical Architect Shares Information on Dynamic P2P

Published 03/20/2023, 04:48 AM
Updated 03/20/2023, 05:00 AM
Cardano Technical Architect Shares Information on Dynamic P2P

  • Duncan Coutts explained the new enhancement of the Cardano blockchain, the Dynamic P2P.
  • Charles Hoskinson tweeted mentioning Coutts’s video, calling the upgrade a crown jewel.
  • Coutts narrated in detail the functioning of the node-to-node protocol, including its benefits.

Charles Hoskinson, the American entrepreneur, and CEO of the leading blockchain platforms Cardano and Input Output Global (IOG), shared a Twitter post earlier today, referring to the video uploaded by Duncan Coutts, Cardano’s IOG Principal Technical Architect, in which he elaborates on Cardano’s new enhancement, the Dynamic P2P.

Notably, Hoskinson commented via his Twitter thread that it’s “great to see Duncan talking about the crown jewel of Cardano’s network stack”, the company’s approach to P2P.

Significantly, in the video the architect explained, in brief, the notion of the network layer, elaborating that it is also called the node-to-node protocol, consisting of three “mini protocols”.

Mainly, Coutts talked about the different roles the Stake Pool (NASDAQ:POOL) Operators (SPOs) fulfill while configuring the nodes, including the production of blocks, being the “block-producer” and relaying the information.

However, he noted that the current topology would undergo some changes when the network is upgraded to Dynamic P2P. While expounding the benefits of the upgrade, Coutts asserted that it would automate the construction of topology; it is the automation of the “way in which the SPO relays connect to each other,” in a couple of ways.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Interestingly, Coutts assured that the update would increase efficiency, giving more choices. He stated:

Automated procedure as compared to what people might do manually, gives us a really good result in terms of the overall time it takes for blocks to be broadcast over the network.

Further, the IOG architect presented a brief history of the Cardano network, moving over the various changes it has gone through since the beginning of its development in 2015.

The post Cardano Technical Architect Shares Information on Dynamic P2P appeared first on Coin Edition.

See original on CoinEdition

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.