Cardano is gearing up to make a significant leap towards full decentralization with the imminent release of node 1.35.6. The upgrade is set to bring full Peer-to-Peer (P2P) networking to the platform, delivering a substantial boost to its network performance, resilience, and decentralization.
Despite the recent crisis of three major crypto banks – Silvergate, Silicon Valley Bank and Signature, the founder of Cardano Charles Hoskinson emphasized the need for decentralized banking alternatives in his tweet, as well as urged the crypto industry to distance itself from traditional legacy institutions.
Cardano P2P Network Update Facilitates Complete Decentralisation
Implementing P2P networking on Cardano’s node 1.35.6 will bring a range of new features and benefits to the platform. One of the most significant benefits is increased speed and efficiency. With direct communication between nodes, transactions can be processed more quickly and efficiently, making the network faster and more responsive.
Another essential benefit of P2P networking is greater decentralization. By removing the need for central authorities or intermediaries, P2P networking allows the network to operate in a more decentralized manner, with greater security and reliability. This is a key goal of the Cardano platform, which aims to be the most decentralized blockchain in the world.
To enable the new P2P networking capability on Cardano, users only need to tweak one setting and update their configuration file with the new connection layout. The “EnableP2P” option must be “true” to enable the feature; alternatively, users who prefer the old connection method can stick to it if they choose.
The rollout of node 1.35.6 is a significant milestone for Cardano, marking an important step towards achieving complete decentralization. In light of the recent collapse of three major crypto banks – Silvergate, Silicon Valley Bank and Signature, Hoskinson’s latest comments nonetheless underscore the importance of supporting decentralized alternatives and their potential to provide stability in an unpredictable market. To achieve Hoskinson’s decentralisation goal, the Cardano community is urging all Stake Pool Operators (SPOs) to participate in the Testnet.
As Cardano continues to work towards full decentralization, it is poised to become a leading player in the blockchain space. With its unwavering commitment to decentralization and its cutting-edge technology, Cardano is well on its way to realizing its vision of a decentralized future; as well as serves as a testament that crypto space can weather such storms and emerge stronger than ever before.