Duncan Coutts, developer of Input-Output Global (IOG), has shared his views on the state of the Cardano blockchain and the upcoming upgrades. In an interview with CityAM, Coutts highlighted the innovations taking place in the network and what the upcoming Vasil Hard Fork has in store.
The Cardano blockchain has undergone numerous improvements in recent years. In the second half of 2020, the blockchain was completely converted to a proof-of-stake (PoS) consensus protocol and then continued with the implementation of smart contracts functions.
With the Hard Fork Combinator event “Alonzo”, IOG has fully focused on improving the performance and scalability of the network. In this sense, Coutts said:
There are a lot of things I’m looking forward to for Cardano in the coming months. We have a lot of new technical developments in the pipeline. Some of them are coming sooner than others, but all of them will have a big impact on our community.
One of these upcoming improvements are the Input Endorsers. These tools will allow the blockchain to increase its “block propagation times“ to process more transactions with an upcoming feature called ”pre-constructed blocks”.
The latter will be a tool that will be implemented to use the full potential of the Cardano blockchain, according to the developer of IOG. When the network introduces these features, the ecosystem will benefit from higher transaction rates with low fees.
In addition, the input endorsers and the “pre-constructed blocks” are part of an upcoming improvement of Cardano’s consensus protocol Ouroboros. The company is working on a new version of this algorithm called Ouroboros Leios, which will renew the mechanism of block production:
