Cardano 1.5 finally live on the mainnet

The news reverberating in the Cardano community says that the network’s Cardano 1.5 has finally launched on the mainnet. The official announcement says that “Cardano 1.5 release is a milestone because it is the last major Cardano release of the Byron development phase.” Cardano Foundation wrote on Twitter:

“Cardano 1.5 has been released to the mainnet today! Daedalus users need to upgrade to Cardano 1.5 by installing Daedalus 0.13.0 by following prompts in Daedalus.”

The milestone has laid the framework that will make the migration to the Shelley development phase a possibility. The update is bringing onboard a new consensus protocol referred to as Ouroboros BFT. Besides, the protocol is a great stride from the current consensus of the network, Ouroboros Classic and will assist in the transition to Ouroboros Genesis a protocol based known for the Shelley era. A section of the announcement published on Cardano websites praises the update saying:

“The Cardano 1.5 release also makes many other improvements. These include performance improvements when rendering lists with a large number of transactions and wallet addresses, the addition of features for detecting insufficient disk space, and a new screen that visualizes the block storage consolidation process.”

At press time, Cardano (ADA) is trading at $0.0538 following a 6.9% rise in the last 24 hours. The digital asset has 24-hour trading of $55 million and a market cap that stands at $1.39 billion. Cardano is the 11^th largest cryptocurrency on the cryptocurrency market.