Cardano Development Update: Core Technology Optimizations and Performance Benchmarks
Cardano’s latest updates include significant core technology optimizations and performance benchmarks. Highlights include improvements in debugging, smart contracts, and scaling solutions. Unlike previous...
- Cardano’s latest updates include significant core technology optimizations and performance benchmarks.
- Highlights include improvements in debugging, smart contracts, and scaling solutions.
Unlike previous Cardano development updates in CNF focused on ledger safety, wallet enhancements, and smart contracts, the latest core technology optimizations emphasize performance and efficiency. The consensus team optimized the db-truncater tool on SanchoNet and improved debugging for bootstrap nodes.
Performance and tracing teams released benchmarks for node v.8.12.0, worked on governance workloads, and updated the latest Plutus cost model. CIP-69 and CIP-117 are now in validation. Additionally, the team factored out the RTView component, presented in Zurich, and developed a community report on UTXO scaling benchmarks.
Here are Weekly Development Report Summary as of 2024-06-28:
1. Wallets and Services
The Lace team is finalizing the details for Lace v.1.13 release, which will highlight their 2024 achievements and future plans. Further details are discussed in Collin Brown’s tweet.
🚀 Latest from Cardano: Core tech optimizations, Plutus speeds up with faster pattern matching, and Mithril scales with transaction certifications. Catalyst announces top-tier partnerships incl. FC Barcelona and Brave Browser. Education team updates Mastering Cardano series for… pic.twitter.com/PuO0W7IqLM
— Collin Brown (@CollinBrownXRP) July 1, 2024
2. Smart Contracts
The Plutus team provided a high-level overview of the cost model, completed the initial design for faster pattern matching, and made documentation and CI improvements. These updates are further elaborated in today’s CNF YouTube video.
3. Scaling
The Mithril team released a threat modeling explainer, worked on transaction certification, and fixed transaction verification bugs. They also continued efforts to draft a CIP for Mithril signature diffusion and improved WASM client documentation.
4. Catalyst
Catalyst released a shortlist for the ‘Partners and Real World Integration’ track, featuring companies like FC Barcelona and Brave Browser. Fund12 voting begins on June 27 and runs until July 11. The weekly Town Hall 168 was conducted, showcasing continuous engagement with the community.
5. Education
The education team updated the Mastering Cardano series and prepared for next month’s developer course, ensuring ongoing education and development within the Cardano ecosystem.
6. Market Update
Continuing CNF’s previous prediction on Cardano development updates, if the price can propel to $0.55, it will be a significant milestone. At the time of writing, Cardano (ADA) is priced at $0.4002, with an increase of 3.92% in the past day and 7.42% in the past week.
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This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.
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