Cardano users are excited for variety of releases expected on network this summer
The Cardano network is gearing up for a number of big ecosystem releases in the coming months. Developer activity on the network is close to breaking records, and here’s what users can expect this summer.
June hard fork
One of the biggest updates on Cardano will bring reference scripts, inline datums and reference inputs. All improvements are expected to massively increase the throughput of the network, making Cardano’s L1 one of the most effective chains on the network.
One of the biggest updates will be benchmark scripts, which make transactions on the network smaller and cheaper by referencing existing pre-recorded scripts of older transactions.
Full P2P network
With the release of P2P and gossip protocol, Cardano will get one step closer to full decentralization. After the implementation of the new functionality, end users will discover nodes without relays.
The network will become fully self-regulated and organic as there will be fewer barriers for users who are willing to invest in the decentralization of the ecosystem.
DJED stablecoin
One of the most anticipated solutions that is coming to the network is the release of algorithmic DJED stablecoin. The network can already offer users bridged USDC, but the decentralized algorithmic stablecoin would be a more efficient solution for Cardano.
The variety of decentralized solutions and applications that Cardano is set to launch this summer aims to attract users and investors from across the industry.
We are already seeing the effects of high development and release activity as Cardano’s underlying cryptocurrency, ADA, showed an almost 50% price increase in the last five days of trading.
