Charles Hoskinson, the CEO of Cardano, has released a video update on the progression of the Cardano Improvement Proposals (CIP) – 1694. In the video, Hoskinson announced that the next node update would be node 8.0, which is a continuation of the protocol version. The Cardano CEO titled his latest video “Okonomiyaki”, which is the name of a Japanese dish that means “a little bit of everything grilled”. Hoskinson explained that he used the term because it is a good roll-up term for discussing a few things at the same time.
Hoskinson also talked about the efforts that the Cardano team has been engaged in for the past few months in the successful implementation of node 8.0. However, there remain a few more procedures for the complete accomplishment of the project.
The CIP is a formalized design for the Cardano community, and the name of the process by which such documents are produced and listed. The official page of the Cardano blockchain explains CIP as follows: “The Cardano Improvement Proposals (CIP) is the process of submitting, discussing, and agreeing on changes to the Cardano ecosystem. It is a formalized design for the Cardano community, and the name of the process by which such documents are produced and listed.”
In addition to the discussions on node 8.0, Hoskinson also discussed congestion control, which is a vital feature ensuring that “the system is robust enough while operating high workloads”. He referred to a Cardano blog post published in 2021, which details the congestion control feature.
Cardano is a blockchain platform that aims to provide a more secure and sustainable infrastructure for decentralized applications. The platform uses a proof-of-stake consensus algorithm, which is designed to be more energy-efficient than the proof-of-work algorithm used by Bitcoin.
Cardano has been gaining popularity in recent months, thanks to its focus on sustainability and its innovative approach to blockchain technology. The platform has also been making significant progress in the development of its ecosystem, with a growing number of decentralized applications being built on top of the Cardano blockchain.
Overall, the Cardano Improvement Proposals are an important part of the platform’s development process, as they provide a formalized framework for proposing and implementing changes to the Cardano ecosystem. With the release of node 8.0, Cardano is set to take another step forward in its mission to provide a more secure, sustainable, and efficient blockchain infrastructure.
