Cardano's ADA Price Surges 10% as 159 Projects Ignite New Era

This week has seen significant activity from the Cardano team, with notable progress made in the development of its infrastructure and applications. The release of the Cardano v.8.8.0 node preview allows users to test Plutus V3 scripts on SanchoNet, enhancing the platform’s smart contract capabilities.

The Cardano team has recently unveiled the preliminary version of the v.8.8.0 node, allowing for the testing of Plutus V3 scripts on SanchoNet. Simultaneously, Project Catalyst has revealed the results of Fondo11, showcasing extensive community engagement with over 8,000 portfolios participating and casting more than 300,000 votes.

Advancements Across Cardano’s Ecosystem

Every Friday, we publish our weekly #Cardano development update.

So for the lowdown on what IOG's dev team has been working on last week, head on over and take a look👇https://t.co/laIyk2GRRp pic.twitter.com/v4BT6anfWS

— Input Output (@InputOutputHK) February 16, 2024

• The latest Cardano node version now integrates DB-Sync, ensuring databases sync efficiently with network updates.
• The ledger team enhances accuracy and security of ledger operations through fixes and enhancements.
• The Haskell cuddle package simplifies CDDL specification, improving efficiency and security in compilation.
• The Lace team addresses API issues for a significant user experience upgrade.
• The Plutus team reduces scripting costs, making smart contracts more accessible.
• The Hydra team focuses on forward compatibility and model-based testing for scalability improvement.
• Progress in the Mithril network includes new data types and network security enhancements.
• The preliminary release of Cardano node v.8.8.0 allows exploring Plutus V3 in Conway-era transactions on SanchoNet.
• Project Catalyst announces Fund11 results, showcasing community growth and participation.
• The education team trains blockchain developers through the Cardano Developer Course and Marlowe Curriculum for Educators, strengthening Cardano’s position as a technology leader in blockchain innovation.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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