Seiza: Cardano (ADA) Blockchain Explorer is Now Live

Seiza: Cardano (ADA) Blockchain Explorer is Now Live

Cardano has released a blockchain explorer, Seiza, to make it easy to track transactions on the platform. The development was announced by EMURGO, a section of Cardanos team that develops, supports, and incubates commercial ventures.

In a tweet, EMURGO said:

We are excited to unveil Seiza, an all-new official Cardano Blockchain Explorer developed by EMURGO! Starting right now, you can visit the website. With Shelley slated in the near future, Seiza provides utility & transparency for ADA holders.

The Dawn of Shelley Phase

The release of the blockchain explorer comes at a time when Cardano is gearing up to go through an upgrade nicknamed Shelly and which number two on Cardanos road map. The Shelly upgrade is in honor of Percy Bysshe Shelley, an English poet of the 18th century.

With Shelly, Cardano aims at improving its networks decentralization together with providing more stability with its Proof of Stake consensus mechanism

Cardano is taking a rather untrodden path in the consensus world. Their aim is to simplify reentry of nodes after being offline. Apart from nodes, ADA holders will be able to delegate their stake to participate in the production of new blocks through a stake pool. In return, Cardano will provide incentives to those who delegate their stake and become active participants in the PoS consensus protocol.

A Delegation Certificate Bind Everything and Everyone Together

Since everything is being handled on-chain, a delegation certificate will be created on the Cardano blockchain to act as a binding digital document between ADA holders that have delegated their coins and the stake pool operator. Unfortunately, ADA holders who delegate their coins will also need to pay the stake pool operator to perform these services on their behalf.

A quote from Shelleys works that best echoes with Cardanos goals of full decentralization reads:

And on the pedestal, these words appear: My name is Ozymandias, King of Kings; Look on my works, ye Mighty, and despair!

Those that should despair at the mighty works of Cardano are centralized blockchain platforms and those that have a poor implementation of the Proof of Stake consensus mechanism.

Goguen, Basho, and Voltaire

Apart from Shelly, Cardano has three other notable upgrades on the way; Goguen, Basho, and Voltaire. Each of these upgrades brings in something new to the platform.

For example, the Goguen upgrade targets to build a next-generation virtual machine plus a universal language framework targeting future blockchain technologies. As such, the upgrade aims to enhance security and dependability.

After minimizing the risk of vulnerabilities, Cardano will concentrate on improving performance, scalability, and an additional dose of security through the Basho upgrade. Voltaire will be the last leg of Cardanos existing roadmap. With Voltaire, Cardano will introduce a governance model together with a treasury system.

Cardanos on-chain governance model introduces several conceptual breakthroughs, including that (1) it is a hybrid system in which participants can either vote directly or delegate their vote, (2) delegation and voting are performed simultaneously, and (3) all votes are done in private.

The post Seiza: Cardano (ADA) Blockchain Explorer is Now Live appeared first on Ethereum World News.

21.05.2019 / 07:40 81
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