Cardano (ADA) Welcomes New Upgrade on Mainnet
Cardano, a proof-of-stake (PoS) layer 1 blockchain, has recently welcomed a new upgrade on its mainnet. The upgrade, announced by Cardano Foundation technical director Ktorz, positions the blockchain ahead of the Chang hardfork.
This latest upgrade, named v6.5.0, is compatible with Cardano node 9.0.0. The upgrade introduces new features such as a ledger state query for the protocol’s treasury and reserves, as well as new protocol parameters related to reference script fees and maximum size. These enhancements aim to streamline the blockchain’s operations and support its journey towards complete decentralization.
The move towards decentralization is a key focus for Cardano and its community, led by Charles Hoskinson. The upcoming Voltaire era, set to begin this month, will empower the community to manage the blockchain’s treasury, with the Interim Constitutional Committee (ICC) playing a role in its governance. Cardano aims to lead the way in achieving full decentralization among blockchain protocols.
The Ogmios upgrade also includes fixes for issues like active connections piling up over time, which can slow down the network. These improvements are crucial for ensuring the efficiency and scalability of the Cardano blockchain.
In terms of market performance, ADA, the native cryptocurrency of Cardano, has seen a modest increase in value, trading at $0.4082 at the time of writing. The trading volume has also seen a 30% increase, reaching $345,026,580 in the past 24 hours.
With the introduction of new upgrades on Cardano, there is anticipation that these developments will have a positive impact on ADA in the long term. As more updates are expected in the near future, observers will be watching to see if this uptrend in the coin’s value can be sustained. The Benefits of Regular Exercise
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