IOHK, the development team behind the Cardano public blockchain project, said it will launch a hard fork in December as part of the transition to the third phase of development of the protocol.
The third phase, called "Goguen", will focus on integrating smart contracts through the protocol, having built the foundation of Cardano and decentralized the system in the first two phases.
The hard fork will introduce the token locking mechanism, one of its major new features, to the mainnet. This allows the smart contracts of the network to support certain conditions, e.g. B. the holding of tokens by users for a specified period of time in order to conclude a contract.
While the token locking feature has little impact on the main ledger itself, it prepares the platform for smart contracts and asset creation to run on Cardano, said Kevin Hammond, the company's software engineer, in a Explanation.
Additionally, in addition to the native ADA token, the upgrade also brings custom tokens onto the network, Hammond said.
Cardano was founded in 2015 and, according to the roadmap, has seen several tough forks in its five development phases. After the Goguen era, the protocol will go through the final two phases, Basho and Voltaire, to improve its scaling and governance capabilities.