Cardano Wallet About to Get Major Update, According to IOHK Weekly Development Activity: Details
Cardano’s IOHK shares its weekly development update about a big upgrade awaiting the Cardano wallet, stating, “The Adrestia team prepared a big update for the Cardano-wallet, including the introduction of a ‘Light’ mode, addition of token minting and burning, fee minimization.”
Read Also: Cardano Broadcasts New Collaboration to Promote Interoperability; Here’s What to Know
Token burning in this context means burning native tokens minted on the Cardano blockchain and not the ADA coin. IOHK also said that the node and consensus teams prepped Ouroboros for the Vasil hard fork upcoming in June. It also mentioned a critical parameter change that took place last week, in which block size was increased from 80KB to 88KB to allow for more transactions and scripts in a single block.
Further, the Daedalus wallet team tested and merged the latest Cardano-node v.1.34.1 with Daedalus, as well as repaired and tested various Windows bugs connected to Ledger hardware wallets, according to IOHK. The team is now working on the new desktop wallet’s core architecture.
The Marlowe team also ran its first Marlowe contract on mainnet this week, marking a big milestone. In addition, the Hydra team finished development on a feature that allows users to handle rollbacks and published necessary documentation on the Hydra website. They also worked on transaction benchmarking as part of a plan to employ proper multi-signatures and improved the Hydra Heads feature in terms of fund safety.
With only a week left to vote on over 1,000 proposals, Cardano’s Project Catalyst is entering its final voting phase. The results of the voting will be disclosed and hundreds of successful initiatives will be onboarded as a result, according to IOHK. The second phase, Fund9, will begin in early June, it states.
Read Also: First Cardano-Based Stablecoins Are Earlier Available via DeFi Platforms: Here’s How
In the end, IOHK shared statistics pertaining the network development in a chart provided. Presently, 925 projects are being built on Cardano up to 917 previously. Fifty projects have recently launched on Cardano, while the number of NFT projects is at 5,441. For the week, Github connects totaled 2,995, while Cardano native tokens stood at 4.5 million
At the writer’s time, ADA was trading down 1.48% at $0.81. as stated by CoinMarketCap data.
Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you’re a seasoned investor or just starting out, Cryptolifedigital’s analysis offers valuable insights into the world of cryptocurrency.
