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State of Cardano Q1 2024

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<ul>
<li><strong>The Cardano Plutus team finalized guardrail scripts for Conway governance actions and optimized the PlutusV3 cost model.</strong></li>
<li><strong>The Mithril team focused on certifying Cardano transactions, scaling proof generation for the mainnet, and enhancing low-latency certification processes.</strong></li>
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<p>Last week the Cardano Foundation released a report highlighting the key developments taking place with respect to its core technology as well as smart contracts. The ledger team made significant strides in conformance testing this week, completing tests for the CERT and RATIFY rules and advancing other tests.</p>
<p>These efforts led to improvements in the constraint-generators framework. Additionally, the team addressed the stake pool operator stake distribution calculation for voting by incorporating proposal deposits currently locked in the system.</p>
<p>On the other hand, the Plutus team finalized the development of guardrail scripts for Conway governance actions and refined the PlutusV3 cost model parameters for optimal performance. The team also collaborated with MLabs to implement new bitwise primitives.</p>
<h3>Cardano’s developments on the Scaling and Education Front</h3>
<p>The Mithril team continued their work on certifying Cardano transactions within Mithril networks. They focused on scaling proof generation for the mainnet, prototyping optimizations, and benchmarking performance improvements.</p>
<p>Progress was made on low-latency certification, including retrieving the chain tip and importing transactions from the Cardano mini-protocol with Pallas. Additionally, a new explorer page was developed to display newly registered and deregistered SPOs for the latest Cardano epochs.</p>
<p>The team also upgraded the testing-sanchonet network following the SanchoNet network respin, created a module for building test transactions, and began removing the deprecated snapshot command from the client CLI.</p>
<p>Work on SanchoNet documentation is ongoing, with builders collaborating with Intersect on the new DRep Pioneer program. This program aims to equip participants with the skills and knowledge to serve as Delegate Representatives (DReps) in Cardano’s proposed governance structure.</p>
<p>The Education team is planning the next Cardano Developer course and making progress on the Mastering Cardano series. They are also preparing an educational video about the constitutional committee in collaboration with the Voltaire tribe, <a href="https://www.essentialcardano.io/development-update/weekly-development-report-as-of-2024-05-24" target="_blank">reported</a> the Cardano Foundation.</p>
<h3>ADA Price Action</h3>
<p>Cardano’s native cryptocurrency ADA has been struggling to stay above $0.50. The ADA price has seen strong selling pressure and is currently trading at a market cap of $16.439 billion, <a href="https://www.crypto-news-flash.com/cardanos-ada-price-analysis-signals-super-bullish-momentum-to-050/" target="_blank">reported Crypto News Flash</a>.</p>
<p>The recent double-digit decline in ADA’s price over the past week is due to reduced demand for the altcoin. On-chain data shows that the daily count of active addresses engaging in transactions involving ADA fell by 17% during this period.</p>
<p>Additionally, new demand for the altcoin plummeted, dropping by 22% over the same timeframe. Last week’s decline in ADA demand mirrors the broader downtrend in the cryptocurrency market, contributing to the coin’s falling prices. The global cryptocurrency market capitalization has decreased by 2% over the past seven days.</p>
<hr /><h6>Recommended for you:</h6>
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<p>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.</p>			</article><section>
		<img src="https://www.crypto-news-flash.com/wp-content/uploads/2023/12/Bushan-96x96.jpg" alt srcset="https://www.crypto-news-flash.com/wp-content/uploads/2023/12/Bushan-96x96.jpg 96w, https://www.crypto-news-flash.com/wp-content/uploads/2023/12/Bushan-300x300.jpg 300w, https://www.crypto-news-flash.com/wp-content/uploads/2023/12/Bushan-150x150.jpg 150w, https://www.crypto-news-flash.com/wp-content/uploads/2023/12/Bushan-24x24.jpg 24w, https://www.crypto-news-flash.com/wp-content/uploads/2023/12/Bushan-48x48.jpg 48w, https://www.crypto-news-flash.com/wp-content/uploads/2023/12/Bushan.jpg 640w" />		
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			<p>Bhushan is a FinTech enthusiast and possesses a strong aptitude for understanding financial markets. His interest in economics and finance has drawn his attention to the emerging Blockchain Technology and Cryptocurrency markets. He holds a Bachelor of Technology in Electrical, Electronics, and Communications Engineering.
He is continually engaged in a learning process, keeping himself motivated by sharing his acquired knowledge. In his free time, he enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Business Email: info@crypto-news-flash.com 
Phone: +49 160 92211628</p>
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Crypto News Flash (EN)

Cardano Development Update: Plutus and Mithril Drive Smart Contracts and Scaling Upgrades - Can it Propel Price to $0,55?

Intersect

Intersect Development Update #8 - April 5th

<p>Plutus V3 is a massive upgrade that will bring new possibilities for applications built on Cardano.&nbsp;</p><p>For example, it introduces new cryptographic primitives including zero-knowledge (ZK). This will allow building ZK rollups and ZK smart contracts on Cardano. The Vasil hard-fork, deployed in September 2022, brought Plutus V2. V2 had a significant impact on the efficiency of smart contracts.&nbsp;</p><p>V3 again brings higher efficiency, but also new possibilities. Plutus V3 is available for testing on SanchoNet. What Plutus V3 Brings Plutus V3 includes advanced primitives and tools that give developers more options for writing smart contracts.&nbsp;</p><p>The IOG team, in cooperation with MLabs, focused mainly on performance, throughput, size of SC, and new capabilities. Cryptographic capabilities will be Read article: <a href="https://cexplorer.io/article/chang-hard-fork-brings-plutus-v3-to-cardano">Chang Hard-fork Brings Plutus V3 To Cardano</a></p>

Cexplorer

Chang Hard-fork Brings Plutus V3 To Cardano

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We are a Haskell, Rust, Blockchain, and AI consultancy. Most of our work is in Haskell and Rust, and in the fintech, payments, and blockchain space.

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