Cardano’s IOHK shares its weekly development update
Cardano’s IOHK shares its weekly update on the development of a big pending Cardano wallet update, stating, “The Adrestia team has prepared a big update for the Cardano wallet, including the introduction of a “Light”, adding token minting and burning, minimizing fees.”
Token burning in this context refers to burning native tokens minted on the Cardano blockchain and not the ADA coin.
IOHK also states that the node and consensus teams have prepared Ouroboros for the upcoming Vasil hard fork in June. He also mentioned a critical setting change that took place last week, in which the block size was increased from 80 KB to 88 KB to allow for more transactions and scripts in a single block.
Further, the Daedalus wallet team tested and merged the latest Cardano-node v.1.34.1 with Daedalus, as well as repaired and tested various Windows bugs connected to Ledger hardware wallets, according to IOHK. The team is now working on the new desktop wallet’s core architecture.
The Marlowe team also executed their first Marlowe contract on the mainnet this week, marking a major milestone. Additionally, the Hydra team has completed development of a feature that allows users to manage rollbacks and has released the necessary documentation on the Hydra website. They also worked on transaction benchmarking as part of a plan to use proper multi-signatures and improved the Hydra Heads functionality in terms of fund security.
With only a week left to vote on over 1,000 proposals, Cardano’s Project Catalyst is entering its final voting phase. The results of the voting will be disclosed and hundreds of successful initiatives will be onboarded as a result, according to IOHK. The second phase, Fund9, will begin in early June, it states.
Finally, IOHK shared statistics regarding the growth of the network in a provided graph. Currently, 925 projects are being built on Cardano, compared to 917 previously. Fifty projects have recently launched on Cardano, while the number of NFT projects is 5,441. For the week, Github logins totaled 2,995, while native Cardano tokens stood at 4.5 million.
At the time of publication, ADA was trading down 1.48% at $0.81, according to CoinMarketCap data.
