Cardano Officially Launches Mithril on the Mainnet
Summary: Cardano has launched Mithril, a stake-based signature system that improves node synchronization speeds on the mainnet, marking a significant milestone for the cryptocurrency. Mithril will make Cardano's network more effective, streamlined, and support a wider variety of applications and use cases.
With the launch of Mithril, a stake-based signature system that improves node synchronization speeds on the mainnet, Cardano has reached a historic point. Mithril’s innovation will make Cardano’s network more effective, streamlined, and capable of supporting a wider variety of applications and use cases, which is a huge step forward for the cryptocurrency.
In addition to this, Mithril will provide safety and make distributed decision-making easier. According to the latest Cardano IOG weekly update, the Mithril protocol mainnet beta has been successfully released, and the team is now monitoring the network in preparation for certificate production to begin in the subsequent Cardano epoch.
The Mithril release schedule consists of the following updates: Volunteer SPOs were instrumental in the debut of Mithril beta, a mainnet protocol they helped test and create. The Mithril MVP (2023) is an incentive system that goes above and beyond to meet the needs of the most fundamental applications, such as quick bootstrapping and safe lightweight wallets. This week also saw the release of Cardano node v8.1.2, a small upgrade that included fixes for the Plutus interpreter.
Robust 2023 So Far
The Cardano network has had a productive 2023 so far, and there are many reasons to be happy with that. The first is that the Cardano network has had one of the longest uptimes of any major blockchain.
As of July 28th, Cardano’s uptime record stands at 2,131 days, which means the network has not had an outage in over six years. This success demonstrates the robustness of the blockchain’s underlying technology in compared to rivals like Solana, which has been plagued by several outages ever since its introduction.