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The Cardano Network Introduces Hard-fork Combinator And Token Locking Features In Coming Hard Fork
Summary: IOHK, the development team behind the Cardano network, announced a hard fork plan in mid-December. Cardano will automatically handle hard fork without stopping mass production by its new "hard-fork combinator", thus providing a unique and smooth upgrade process. Besides, a "Token Locking" function will also be enabled in the new protocol, which can record how tokens ...
IOHK, the development team behind the Cardano network, announced a hard fork plan in mid-December. Cardano will automatically handle hard fork without stopping mass production by its new "hard-fork combinator", thus providing a unique and smooth upgrade process.
Besides, a "Token Locking" function will also be enabled in the new protocol, which can record how tokens are used on the ledger. Locking means "retaining" a certain amount of tokens for a specified period of time so that they cannot be disposed of for profit (such as voting or signing a smart contract). After the token lock function is launched on the Cardano mainnet, the subsequent hard fork will introduce multi-asset and other smart contract functions.
By Mary Liu
Tags: Cardano,Hard fork,IOHK,Token Locking
Link: The Cardano Network Introduces Hard-fork Combinator And Token Locking Features In Coming Hard Fork [Copy]
