Charles Hoskinson Highlights The Goals For The Cardano Shelley Era

Cardano’s Charles Hoskinson dropped a video in which he offers enthusiasts a new update on Cardano’s Shelley era.

As Crypto News Flash reported, “the developments for Goguen, Basho, and Voltaire run parallel to the further development of Shelley.”

It’s been also revealed that “the development of the “one-to-many” delegation is still a high priority, which will allow delegating ADA to several stake pools with only one single wallet. As a result, there will also be delegation portfolios.”

Hoskinson also addresses a new feature that is in the works at the moment and it’s called Smash –  a concept oh the way in which metadata for the stake pools will be handled.

Also, he addressed the presentation of the stake pools in the Daedalus wallet. According to the online publication mentioned above, it should be possible to sort and rank the pools by different categories or parameters.

“In addition, IOHK also aims to sort stake pool portfolios by different parameters, when released,” according to the notes.

Hoskinson also said that IOHK is currently working on a concept called “KES Proxy Keys”.

Here’s how he explained this: “All the things that give the pool the right to make stuff, should live in the cold side. And what the cold side will do is, it will create some transaction that will give the hot side the right to operate on behalf of the cold side.”

He continued and said: “So this is kind of the best of both worlds because you can optimize the hot side for cost and have a really nice environment, but when this environment ever gets compromised what you can do is, you can generate transactions to a new hot environment.”

Charles Hoskinson drops another announcement

In other news, it was earlier reported that Cardano’s Charles Hoskinson made an announcement on his social media account.

Coins Mentioned

Companies Mentioned

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

Source: Read Full Article