Cardano has reached a major development milestone. Last week saw the release of Cardano 1.5, which marks the end of Cardano’s “Byron” stage and the beginning of the “Shelley” era. Following a transition period, Shelley will introduce an entirely new code base that will rebuild Cardano from the ground up.
This update is mostly transitional in nature. Duncan Coutts, Cardano’s Chief Technical Architect, writes that version 1.5 of Cardano isn’t notable for any major new features, nor for its minor improvements. Instead, the update is important due to the fact that it marks the beginning of the Shelley era.
What Shelley Will Bring
Shelley itself will provide several new features. Most notably, it will improve upon Cardano’s proof-of-stake consensus mechanism by introducing Oroborous Genesis. This keeps the network secure even if staking participants exit and rejoin the Cardano network—a feature often found in mined coins, but rarely on proof-of-stake blockchains.
And that is just the most significant feature….