The Cardano Plutus team has completed the development of guardrail scripts for Conway governance actions and has optimized the PlutusV3 cost model. Meanwhile, the Mithril team has been focused on certifying Cardano transactions, scaling proof generation for the mainnet, and improving low-latency certification processes.
In a recent report released by the Cardano Foundation, key developments in the core technology and smart contracts have been highlighted. The ledger team has made significant progress in conformance testing, completing tests for the CERT and RATIFY rules, and advancing other tests. These efforts have resulted in improvements in the constraint-generators framework. The team has also addressed the stake pool operator stake distribution calculation for voting by incorporating proposal deposits currently locked in the system.
On the other hand, the Plutus team has finalized the development of guardrail scripts for Conway governance actions and has refined the PlutusV3 cost model parameters for optimal performance. The team has also collaborated with MLabs to implement new bitwise primitives.
The Mithril team has continued their work on certifying Cardano transactions within Mithril networks. They have focused on scaling proof generation for the mainnet, prototyping optimizations, and benchmarking performance improvements. Progress has been made on low-latency certification, including retrieving the chain tip and importing transactions from the Cardano mini-protocol with Pallas. Additionally, a new explorer page has been developed to display newly registered and deregistered SPOs for the latest Cardano epochs.
The team has also upgraded the testing-sanchonet network following the SanchoNet network respin, created a module for building test transactions, and started removing the deprecated snapshot command from the client CLI. Work on SanchoNet documentation is ongoing, with builders collaborating with Intersect on the new DRep Pioneer program, which aims to equip participants with the skills and knowledge to serve as Delegate Representatives (DReps) in Cardano’s proposed governance structure.
The Education team is planning the next Cardano Developer course and making progress on the Mastering Cardano series. They are also preparing an educational video about the constitutional committee in collaboration with the Voltaire tribe.
In terms of ADA price action, Cardano’s native cryptocurrency has been facing challenges in maintaining a price above $0.50. The ADA price has experienced strong selling pressure and is currently trading at a market cap of $16.439 billion. According to Crypto News Flash, the recent double-digit decline in ADA’s price is attributed to reduced demand for the altcoin. On-chain data shows a 17% decrease in the daily count of active addresses engaging in ADA transactions, along with a 22% drop in new demand for the altcoin. This decline in ADA demand aligns with the broader downtrend in the cryptocurrency market, resulting in falling prices. The global cryptocurrency market capitalization has decreased by 2% in the past seven days.
For more information about Cardano, including buying guides, wallet tutorials, and the latest Cardano news, it is recommended to visit the Cardano website.
