IOHK, the research wing of the Cardano ecosystem has published its Weekly Development Report highlighting impressive milestones.
Starting with the progress made in the core technology, the networking team has created a new light peer-sharing functionality that enables additional unregistered nodes to join the network and can then be shared through peer sharing,
Note that peer sharing is an experimental feature that is currently disabled.
The team also revealed extensive progress on Eclipse Evasion, a feature that ramps up scalability and preserves privacy within the Cardano network.
Next, IOG researchers are analyzing the threat that previous short forks presented to Genesis as they work on the transition between the Byron and TPraos periods when Genesis is released.
For those who are unfamiliar, Cardano’s roadmap is divided into five development cycles, or “eras.” They are Byron, Shelley, Goguen, Basho, and Voltaire, to name a few.
The last in line for Cardano’s roadmap is Voltaire. According to the report, six new workshops were held to focus on establishing an initial Minimum Viable Governance [MVG] framework. MVG is deemed crucial for the development of participatory governance within the Cardano ecosystem.
Another important highlight was the integration of IOG’s Lace Wallet v1.1.1 with the major browser Brave.
Launched on the mainnet in April, Lace is the first light wallet from IOG and represents the organization’s push to make Web3 easily accessible to the public.
The web3 wallet saw a new iteration in May with the launch of Lace 1.1.1, which includes features such as support in case of forgotten passwords, 12- to 15-word recovery phrases, and balances viewable in multiple fiat currencies.
Last, but not the least, the Hydra team completed their investigation into Hydra head issues on mainnet and is currently in the final stages of delivering a new feature that will enable parties to commit funds from external wallets.
Here are the key takeaways from Cardano’s Weekly Report
So far, the leading PoS blockchain had launched 130 projects, generated over 8.2 million native tokens, and executed a total of 8,637 Plutus scripts.
Additionally, Cardano presently processes 69.1 million transactions and 79821 token policies across 1,250 active projects that are being created on its platform. This amount was 98 projects and 1,100 buildings on the Cardano network prior to the Vasil hard fork.
@CardanoFeed - Follow us on X (formerly Twitter)
Stay informed with the latest $ADA Cardano news in real time.FOLLOW NOW!