Behind the scenes, Cardano (ADA) has been actively building and introducing exciting innovations in its blockchain and ecosystem. This is evident from the latest weekly development report divided by Essential Cardano.
Cardano: Highlights from the report
One of the notable highlights from the report is the updates being made Cardano’s lace wallet. This week, the team is said to have been working on a feature that will allow users to choose the delegation ratio between “different stake pools, integrated portfolio persistence.” The team also fixed issues related to the user experience (UI).
The wallet launched earlier this year to a welcoming reception, with many raving about its features and the many use cases it offered to users. At launch, the development team promised to continue introducing new updates to the wallet.
The report also indicates that users can get an update on the DApp connector, allowing them to enable it with select extensions “such as those listed on CIP-95.” An update to the wallet’s user interface that reflects the different types of governance actions is also in the pipeline.
Meanwhile, the Plutus tools team has identified major issues related to the Cardano blockchain using the new Marconi API. Marconi was developed to help index and query the blockchain. The team also used this solution to test the new “Cardano node emulator”, which is expected to be integrated into the blockchain’s smart contract code.
While doing this, the Plutus Tools team made certain optimizations to Marconi, which improved the sync times and overall performance of the system.
ADA market cap currently at $8.8 billion. Chart: TradingView.com
The Marlowe team was also busy this week making specific adjustments to the Marlowe oracle. Marlowe is the code that allows Cardano users to create decentralized applications (dApps). specially designed for financial contracts.
Updates for Basho and preparation for Voltaire
The Hydra and Mithril teams focused on updating Cardano’s current stage of development, Basho. The Basho era is the fourth phase of Cardano’s development, with a primary focus on scaling and interoperability.
On the one hand, the Hydra team worked to improve the usability of the network and identified ways to increase the network’s resilience. On the other hand, the Mithril team has released a new update that enables support for certain actions on the network. They also made corrections to the Mithril nodes.
Cardano is also gearing up for the final and final phase of development known as Voltaire. In this phase the emphasis will be on governance. As part of the preparations, the Voltaire GovTool was shared with ADA holders.
It will enable them to register as Delegated Representatives (DReps), delegate their voting rights to other DReps and decide on various governance actions.
(The content of this site should not be construed as investment advice. Investing involves risks. When you invest, your capital is subject to risk).
Featured image from: FXStreet
