There has been an upgrade to Cardano Blockchain. The version, dubbed node 1.35.6, would give the Cardano node dynamic P2P capability, increasing network resiliency, according to developers.
To put it simply, this version adds peer-to-peer [P2P] support which helps to increase decentralization and throughput.
Without the need for static setups, network users can now test automatic node communication.
Additionally, users only need to change the “EnableP2P” setting to true and update the configuration file with the new connection layout to enable this capability. Those who prefer the previous connecting technique can still use it.
The latest development updates on the Cardano platform, including the completion of benchmarking tests and studies for the new SECP primitives and of course the node v.1.35.6 release, was announced by the company in a lengthy list published by the IOG team on 3 March.
Previously, Input Output, the team responsible for Cardano research and development, released the node version 1.35.5 in response to the brief node outage the network experienced in mid-Jan, 2023.
Over 50% of the network’s nodes went offline as a result of the brief node outage. Nonetheless, the network was able to recover on its own, without assistance, in a matter of minutes.
Just a few days back, Cardano founder Charles Hoskinson emphasized the significance of supporting fresh decentralized alternatives in the wake of the most recent bank catastrophe.
Cardano Founder Doubles Down On Crypto Banks
Hoskinson shared his view on the unstable and volatile banks and how crypto needs to delink itself from these traditional legacy institutions.
His remarks come after three leading crypto banks collapsed- Silvergate was liquidated, and Silicon Valley Bank [SVB] and Signature was shut down by regulators, sending investors into a panic mode.
Particularly, stablecoin USDC, whose dollar peg fell to an all-time low due to its issuer Circle’s $3 billion reserves in the beleaguered SVB.
On the other hand, the stablecoin created by COTI on Cardano, called Djed, outperformed the rest of the market and was once even trading at $1.08 per dollar.
The stablecoin problem served as Djed’s first significant test since it was introduced on Cardano’s core network less than a month ago. For those new, Djed is an algorithmic stablecoin with redundant collateral, designed by COTI.