Cardano (ADA) Is Gradually Approaching Mainnet, As It Releases Update On Wallet, Daedalus Application, And More

On the 11th of August, the Cardano (ADA) Foundation released the weekly report of the blockchain project. The release was announced via the official Twitter handle of the Foundation. The released document contained updates about the Daedalus Wallet, research, backend, Goguen, and the design of the platform.

Cardano (ADA) Decentralization

The Cardano (ADA) Foundation has revised its delegation design document a couple of times in order to wind up a reward system. Before the week runs out, it is expected that the last revision will reach completion and sent for further review. The team plans to remove partial field assessors as it plans to facilitate the work.

The blockchain project will also include golden testing based in terms of the requirement. The Foundation has also said that it will complete the refactoring by the end of this month.

Daedalus

The team has been constructing Proof of Concept, and they have achieved a great level of progress so far. Moreover, the major focus has been on the platform and the app as a whole. As a result of the depreciation of the V0 Cardano (ADA) API, the team at Cardano (ADA) has been working to incorporate the V1 Cardano (ADA) wallet API into Daedalus to wind up the change.

Backend

In the backend, the team is currently implementing the endpoints related to the wallet to achieve the preferred specifications on trading platforms. They’ve also found out that the update supports for V1 of the API is connected to the restoration work on the wallet directly. Hence, they are working to join the two tasks.

Cardano (ADA) Price Today – ADA / USD

Name Price
cardano
Cardano
$0.0506.72%

At the time of writing, Cardano (ADA) is trading at $0.1135 after an increase of about one percent over the past twenty-four hours. The market cap of the digital currency is $2.94 billion and its trading volume over the past twenty-four hours is $58.63 million.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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