Cardano is gearing up to make a significant leap towards full decentralization with the imminent release of node 1.35.6. The upgrade is set to bring full Peer-to-Peer (P2P) networking to the platform, delivering a substantial boost to its network performance, resilience, and decentralization.

Despite the recent crisis of three major crypto banks – Silvergate, Silicon Valley Bank and Signature, the founder of Cardano Charles Hoskinson emphasized the need for decentralized banking alternatives in his tweet, as well as urged the crypto industry to distance itself from traditional legacy institutions.

The implementation of P2P networking on Cardano’s node 1.35.6 will bring a range of new features and benefits to the platform. One of the most significant benefits is increased speed and efficiency. With direct communication between nodes, transactions can be processed more quickly and efficiently, making the network faster and more responsive.

Another essential benefit of P2P networking is greater decentralization. By removing the need for central authorities or intermediaries, P2P networking allows the network to operate in a more decentralized manner, with greater security and reliability. This is a key goal of the Cardano platform, which aims to be the most decentralized blockchain in the world.

(By Jared Kirui)