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Cardano Ledger App Receives New Smart Contract Compatibility Updates: Details

Wed, 04/27/2022 - 10:09
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Tomiwabold Olajide
App now supports smart contracts
Cardano Ledger App Receives New Smart Contract Compatibility Updates: Details
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Cryptocurrency hardware wallet provider Ledger has shared the news that version 4.0.0 of the Cardano app is now available in Ledger Live.

The app now supports smart contracts, which is one of its new features. This implies that users will be able to interact with smart contracts straight from the Cardano app.

Cardano founder Charles Hoskinson shares this positive news while commending Ledger for its great work.

Cardano's network update, Alonzo, in September 2021 ushered in smart contract functionality. The creation and deployment of smart contracts, which are pieces of code that self execute when predefined conditions are met, were enabled on the Cardano mainnet.

Cardano June upgrade

Cardano and its smart contracts platform, Plutus, are set to undergo significant enhancements in June's hard fork. Founder Charles Hoskinson recently stated that the upcoming Vasil Hard Fork upgrade in June will provide a "massive performance improvement to Cardano" and its smart contract capabilities.

The Vasil hard fork is scheduled for June 29, 2022, and aims to improve smart contracts capabilities and the user experience for Cardano users and developers once implemented.

In the latest updates to the network, IOHK developers have increased the block size by 10%, which is an increment of 8 kilobytes to the 80 Kb of current block size. This upgrade comes on the wave of Cardano network improvements that have been planned for this year by Cardano.

Presently, there are nearly 900 projects in development on the network. The figure has grown by roughly 400 since March after IOHK Vice President Tim Harrison shared that the total stood at around 500.

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About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.