Cardano (ADA) Blockchain Inches Closer to Mithril Update: Why Is This Crucial?

Vladislav Sopov

Cryptocurrency researcher Hans Schmiedel, operator of Seaside Staking service for ADA holders, explains benefits of Mithril mechanism

Contents

  • Here’s how staking can be useful in multi-sig instruments
  • Cardano’s dApps ecosystems print new records

With Mithril instrument, Cardano (ADA) accounts can be integrated into the most secure and decentralized multi-signature scheme. “Cryptographic magic” can bring staking into multi-signature transactions.

Here’s how staking can be useful in multi-sig instruments

According to the explanation shared by Mr. Schmiedel, Mithril works not unlike existing multi-signature solutions. In multi-sig systems, transactions need to be approved by the majority of participants.

Read more at u.today

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