- The Cardano network will be getting major upgrades. The latest upgrade from the network is called the Mithril Mainnet Upgrade and will solve many issues.
- The party spearheading this new upgrade is the developer arm of the Cardano network. Nevertheless, the developer arm hints that the upgrade will launch soon.
- The Mithril Mainnet Upgrade will be a massive boost for the Cardano network once it goes live.
The Cardano community recently got good news after the announcement of the Mithril Mainnet Upgrade launch. Apparently, the developer arm of the Cardano network, Input Output Global (IOG), updated users on what to expect. In fact, the community members are very optimistic, as the upgrade promises many things.
The Journey to Cardano Mithril Mainnet Upgrade
- The upcoming Cardano Mithril Mainnet Upgrade didn’t start today. In fact, the plans and preparations for the upgrade go as far back as 2022. The Input-Output Global (IOG) presented a road map that year, highlighting the importance of the upgrade.
- But the process is ending, as the developers behind the upgrade are just adding the finishing touches before it goes live. The beta version of the upgrade is already live. This happened last week under the supervision of Input-Output Global (IOG). They also implemented a stress test tool because they needed to know the aggregator’s performance.
Technicalities Behind the Mithril Mainnet Upgrade
The Mithril upgrade is crucial for the Cardano network, and there’s a reason for it. The Cardano network is like a building with two rooms. However, you can also call it two layers.
The Cardano Settlement Layer (CSL) is the first room, and this is where the ADA tokens and transactions reside. The Cardano Computation Layer (CCL) is the second room for computations and smart contracts.
The Mithril Mainnet Upgrade got its name from a metal (Mithril). However, the metal is known for being light and extremely strong at the same time. In the same way, the Mithril upgrade is there to improve many things between the two layers of the Cardano network.
How The Mithril Mainnet Upgrade Will Enhance Cardano Network
Once this upgrade goes live, the Cardano network will benefit in many ways. This is because the Mithril Mainnet Upgrade seeks to enhance the two layers of the Cardano network. Important features on the Cardano network, such as trust issues, chain synchronization, and state bootstrapping, will improve.
But the major highlight is the introduction of the stake-based threshold signature. The stake-based threshold signature helps Cardano to make many operations more efficient and effective. In the same way, there’s also a fast chain state bootstrapping that improves the visibility of project status.
In conclusion, the Mithril Mainnet Upgrade will significantly change the Cardano network. It will solve many issues and improve the overall performance of the network. The Beta launch is live, while the community awaits the main launch.
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