Cardano Network Parameters Part 14
cardano is known for its rigorous, research-driven development approach. A key element of this is the protocolMajor parameter, which tracks major upgrades (hard forks) of the Cardano network. Currently, the protocol is at version 8.
What is the protocolMajor parameter?
- It counts the major updates of the Cardano network.
- Each major upgrade signifies new features, performance improvements, and enhanced security measures.
Why is it important?
- Governance and Coordination: All network participants, especially Stake Pool Operators (SPOs), must update to the new version to maintain network integrity.
- Backward Compatibility: Thanks to the Hard Fork Combinator (HFC), Cardano nodes can run both old and new versions, ensuring smooth transitions.
- Feature Implementation: Major upgrades bring significant new features and improvements.
- Stakeholder Engagement: Changes undergo thorough review, requiring broad community approval.
Understanding the protocolMajor parameter is essential for staying informed about Cardano’s growth and innovation.
Learn more about this here: https://www.lidonation.com/en/posts/protocol-major-version