As a seasoned analyst with years of experience in the crypto sphere, I find the recent updates on Cardano (ADA) intriguing. The focus on core technology, development, and scaling shows a commitment to long-term growth that resonates with my own approach to investment strategies.
The team responsible for Cardano (ADA) has implemented significant updates to their protocol this week. These updates are designed to improve the platform and ensure seamless user experiences.
Key updates on Cardano this week
As per a blog update, Cardano’s development team has implemented significant improvements across various aspects such as network technology, development, scaling, and more. More specifically, the core technology group upgraded from version 10.1.1 to 10.1.2, whereas the DB Sync team is currently working on a pre-release of version 13.6.0.0 that is compatible with node v10.1.0.
Furthermore, the Cardano group opted for a decentralized method to execute governance actions through cardano-cli. This proved dependable and offered moderate scalability. Moreover, they detailed their strategy to minimize submission burden and aim for linear performance improvement as the number of votes per transaction grows.
With regards to scaling, the Mithril team worked tirelessly to create the pre-release distribution version 2445.0-pre. They logged the accumulator metrics in event storage and provided robust support for Cardano node version 10.1. Moreover, they delved into potential solutions for signer registration when several aggregators are operating on a Mithril network. Lastly, they established a nightly routine in the CI to maintain backward compatibility with previous distributions and started developing a new status route within the aggregator.
Major changes since Cardano’s Voltaire upgrade
Cardano has experienced significant advancements ever since it was introduced during the Voltaire epoch, marking its final stage of decentralization. During this Voltaire period, the greatest voting influence lies with the holders of ADA.
As a researcher, I’ve noticed that the Cardano node version 10.1.2 has incorporated enhancements to its command set, primarily in response to valuable feedback received from stake pool operators within our vibrant community. This upgrade aims to improve overall user experience and efficiency in managing the Cardano network.
Starting on Friday, November 1, 2024, the count of unique delegators has risen, moving from 13,835 to 16,902. The number of vote delegations has also ascended, going from 15,060 to 18,366. Additionally, DRep registrations have increased by 21, bringing the total count to 624.
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2024-11-08 18:59