Cardano’s IOHK Weekly Report: Hoskinson’s ‘Beef’ With Solana & Much More

Cardano’s IOHK has released its weekly development report, promising the ADA community to brace for some massive changes.

The report begins with the node, ledger, and consensus teams preparing for Vasil’s hard fork. These teams also released node v.1.35.0-rc2 which updates the ledger and fixes bugs issues infused with the Plutus smart contract capabilities.

According to the blog, this version of the node will likely be the version that will be used for the Cardano testnet hard fork. 

In terms of wallet, the Daedalus team tested the new node, integrating the Cardano-wallet backend with the Lace wallet. The Adrestia team too upgraded its components to be Vasil-compatible.

Cardano's IOHK Weekly Report: Hoskinson's 'Beef' With Solana & Much More 3

Cardano co-founder Charles Hoskinson presented the demo of the Lace light wallet v.1.0 during an event in Texas, USA. It is slated to be released by this summer, the blog read.

Further, the Project Catalyst team initiated Fund9 where hundreds of proposals and ideas are posted. The community site is accepting submissions till June 30. There is a $16 million worth of ADA available for innovation grants and ecosystem rewards.

Cardano’s creator Charles Hoskinson spoke on the future of cryptocurrency regulation

Charles Hoskinson, the founder of Cardano, provided his testimony on the future of digital asset regulation before the U.S. House of Representatives Committee on Agriculture, Subcommittee on Commodity Exchanges, Energy, and Credit. The recap has been posted by  IOHK.

Hoskinson stated that he would continue to throw his weight behind appropriate and responsible regulation of digital assets and blockchain technology when discussing the significance of regulation in the crypto space.

However, he noted that given the novelty of the technology and the volatile nature of the asset class, it can hardly fit within the narrow confines of the laws and tests, that were established almost a century ago.

Recently the chief exec was in the news after he took a dig at Solana’s newly launched mobile phone by bringing up the issue of Solana’s network outages.

Mincing no words, Hoskinson tweeted that users might need to locate seven of their friends on Discord to reboot it, implying that the mobile phone too might experience performance woes similar to Solana blockchain.