KANALCOIN NEWS – From the latest news in the weekly development report shared by Cardano, Cardano or ADA has been actively building and introducing interesting innovations to the blockchain and its ecosystem.
Cardano reports regarding updates made to the Cardano Lace Wallet. This Week, the team has been working on a feature that allows users to choose the delegation ratio between different stock pools or the persistence of an integrated portfolio. Additionally, the Team has also fixed issues related to User Experience (UI).
A good response greeted the launch of this wallet at the beginning of the year. The reason people are more enthusiastic is because of its functionality and the various use cases it provides to users. And the development team promises to continue introducing new updates to the wallet.
Additionally, users can get updates to the DApp connector, allowing them to enable it with selected extensions as listed in CIP-95. Updates to the wallet UI reflecting different types of governance actions will also be coming soon.
On the other hand, the Plutus tools team, using a new API called Marconi tried to identify the main problems regarding the Cardano blockchain. Marconi was developed to help index and structure blockchains. This solution was also used by the testing team to test the new “Cardano-node-emulator”. The hope is that it can be integrated into blockchain smart contract code.
The Plutus tools team performed certain optimizations on Marconi, which improved synchronization times and overall system performance. Meanwhile, Marlowe’s team made special adjustments to Marlowe’s forecast this week. Namely a code that allows Cardano users to create decentralized applications (dApps). This application is specially designed for financial contracts.
Basho Update And Voltaire Preparation
The Hydra and Mithril teams focus on updating Basho’s development stage. That is the fourth stage of Cardano’s development, which primarily focuses on scaling and interoperability.
The Mithril team released a new update that enables support for certain actions on the network. They also made corrections to the Mithril node. Meanwhile, the Hydra team is working to improve network usability and identify ways to increase network resilience.
Cardano is also preparing to move to the final and final stage of development known as Voltaire. This stage will focus on governance. Voltaire GovTool is being distributed to ADA holders as part of their preparations. allows them to delegate their voting rights to other DReps and decide on some governance actions. By registering as a delegation representative (DReps)
Meanwhile, as of October 2 2023, ADA prices experienced a contraction of 3.4%. Along with news about the Cardano network recording a TVL value of 600 million ADA and an increase in the number of new addresses registered on the network. Apart from that, the two leading DeFi projects on the Cardano network, namely Minswap and Indigo, have TVL values of $42 million and $39 million which could also be driving the increase.
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