Cardano has recently implemented major optimizations in its core technology, along with performance benchmarks that showcase significant improvements. Previous updates from Cardano focused on ledger safety, wallet enhancements, and smart contracts, but the latest optimizations highlight performance and efficiency. The consensus team has optimized the db-truncater tool on SanchoNet and enhanced debugging for bootstrap nodes.
The performance and tracing teams have released benchmarks for node v.8.12.0, worked on governance workloads, and updated the latest Plutus cost model. CIP-69 and CIP-117 are currently in validation. Additionally, the team has separated the RTView component, introduced in Zurich, and created a community report on UTXO scaling benchmarks.
Here is a summary of the Weekly Development Report as of June 28, 2024:
1. Wallets and Services
The Lace team is finalizing the details for the upcoming Lace v.1.13 release, which will showcase their achievements in 2024 and outline future plans. More information can be found in Collin Brown’s tweet.
2. Smart Contracts
The Plutus team has provided an overview of the cost model, completed the initial design for faster pattern matching, and made improvements in documentation and CI. Further details on these updates can be found in a CNF YouTube video.
3. Scaling
The Mithril team has released a threat modeling explainer, worked on transaction certification, and addressed transaction verification bugs. Efforts are ongoing to draft a CIP for Mithril signature diffusion and enhance WASM client documentation.
4. Catalyst
Catalyst has announced a shortlist for the ‘Partners and Real World Integration’ track, featuring companies like FC Barcelona and Brave Browser. Fund12 voting is scheduled from June 27 to July 11, with the weekly Town Hall 168 showcasing continued engagement with the community.
5. Education
The education team has updated the Mastering Cardano series and is preparing for the next month’s developer course to ensure continuous education and development within the Cardano ecosystem.
6. Market Update
Cardano’s price is currently at $0.4002, with a 3.92% increase in the past day and 7.42% in the past week. If the price reaches $0.55 as predicted by CNF, it will mark a significant milestone.
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