Marlowe, Hydra, and More: Cardano's Latest Innovations Unveiled

• The latest weekly report by Cardano discloses that 83.2 million transactions have been completed on the network. 

• Also, the Mithril team reportedly continued to implement new data types to certify transactions on the network. 

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Cardano (ADA) has in its weekly development report, dated February 2, 2024, disclosed some updated developments by the Marlowe team, Hydra team, and Mithril team. The report also disclosed some interesting milestones achieved over the period.

According to Cardano, 157 projects were launched, 83.2 million transactions were recorded, 9.52 million native tokens were found, and 1322 building projects were counted on the network. 

The report highlighted a key update from the DB Sync team who prepared and tested a new db-sync version for mainnet. The Marlowe team also kept working on the Marlowe-cardano as they created a non-SRE process for running benchmarks within the week. It is worth noting that this is meant to enhance performance evaluation while resolving the Wolfram oracle references. 

Another massive development from the team is that they optimized the Marlowe Runtime, and merged the real-world-Marlowe and Marlowe-hackathons repositories into a contracts folder. There have been talks about supporting CIPs. The team assessed this possibility. On top of that, the Marlowe security document was updated with the latest script hashes and the CF developer documents. According to the report, this will enable security compliance. To comprehensively explain the role of tokens, a documentation was created in addition to a video. Lastly, the Marlowe team came up with a test for the atomic swap contract. 

Just as required from the Hydra team, a yearly road-mapping session was reportedly conducted. To eliminate JSON encoding of transactions, a breaking API change was introduced. 

More on the Cardano Weekly Report

The weekly report further mentions that the Mithril team continued its work on the implementation of a new data type meant to certify Cardano transactions within the Mithril network. 

They completed the signature of the transactions set and implemented the aggregator route, responsible for generating proofs of membership for a list of Cardano transactions. Additionally, they finalized the manual workflow to test the NPM client package in the CI and enhanced the resilience of computing the list of immutable files in a Cardano node database. The team also expanded the coverage of end-to-end tests in the CI to accommodate multiple versions of the Cardano node and various hard fork scenarios. 

This week would also be the second week of voting in Fund11 for Project Catalyst. So far, more than 150,000 votes have been cast by almost 5000 wallets. This has been done across 920 proposals seeking community funding. A second iteration of the Cardano developer training course is being planned by the education team. This would be done in collaboration with the Africa Blockchain Center (ABC).

As part of its education program, Cardano recently partnered with Petrobras University, Petrobras educates 45,000 employees on the transformative potential of blockchain technology. Certificates were issued to participants who completed the program. 

As of press time, Cardano (ADA) was trading at $0.495939 after falling by 1% in the last 24 hours. In the last seven days, ADA has declined by 6%. According to analysts, the asset has the potential to hit $1 this year. On average, it is expected that the asset hit $1.24.