Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Cardano Founder Charles Hoskinson highlights massive performance improvements for Cardano's open-source wallet Daedalus. IOHK, Cardano's parent company, has announced the release of a new version of Daedalus, 4.8.0 Cardano mainnet.
Massive performance improvements for Daedalus. https://t.co/hPb0Kuqug0
— Charles Hoskinson (@IOHK_Charles) February 3, 2022
This Daedalus release seeks to integrate the latest version of Cardano wallet, which supports Cardano node v1.33.0 and brings about significant performance improvements. The latest upgrade will also allow computers with less than 16GB of RAM the option to enable the Cardano node runtime system (RTS) with a new splash screen displayed to help reduce memory usage.
This news comes as the total number of Cardano wallets surpasses the $3 million mark. The number of wallets holding the network's native coin, ADA, has increased significantly over the last year, indicating that the Cardano blockchain has witnessed tremendous growth.
#Cardano has reached over 3M wallets ? Exactly 1 year ago it was a bit more than 300,000 wallets. Impressive growth! $ADA pic.twitter.com/FrklC4qyfx
— Carolin Taling (@carolintaling) February 3, 2022Advertisement
The total number of Cardano wallets was 2.5 million on Dec. 24. More than 500,000 ADA wallets have been added since then.
Cardano implements key step in scaling vision as Basho phase unfolds
At the start of 2022, Cardano revealed 11 ways it intends to scale, one of which is the Hydra Solution. Hydra is a collection of Layer 2 solutions aimed at improving network security and scalability.
The Basho phase of #Cardano development is all about scaling and network optimization. The Hydra family of protocols is a key element on this steady path to increased performance and growth.
— Input Output (@InputOutputHK) February 3, 2022
Here’s the latest on progress ? https://t.co/yvoDZZ2Lif
Cardano is at the foothills of the Basho, a phase that is all about scaling and network optimization, with smart contracts already in place. Along these lines, The Hydra Head, the first in a suite of protocols, is an important element of Cardano's scaling journey.
The Hydra Head protocol was already shaping up in 2020, according to IOHK, and has since grown into a proof of concept. It mentions that progress is still being made, with a more specified implementation for the testnet MVP being the next major step.
Alex Dovbnya
U.Today Editorial Team
Vladislav Sopov
Dan Burgin