The Cardano team has a habit of regularly sharing data on the project’s progress. During the week of July 3, updates focused on core blockchain technology, smart contracts, wallets, scaling, and education. Big plans!

Cardano, a strong week 27

The SEC’s announcement of an attack on about 50 altcoins to which ADA belongs has helped to form a dark cloud above the crypto space. Fortunately, there are enthusiasts like Benjamin Cowen, CEO of ITC Crypto, who predicts a positive long-term trajectory for the cryptocurrency.

This week’s Cardano development update is out on Essential Cardano!

Read the report for the latest on Cardano core technology, wallets and services, smart contracts, scaling, governance, Project Catalyst, and education.  »

After visiting the above mentioned sites, we found the following advancements.

Core Technology

During this period, the DB Sync team accelerated the development and design verification of Conway integration with DB-Sync. At the same time, the UTXO-HD feature branch has been tested and prepared to improve reliability.

Wallets and Services

The Lace team has done a great job on the cardano-js-sdk on this part. This was achieved by updating the TxBuilder, which should result in delegating funds to any “ stake address ”.

The team has also made progress in building the Lace browser application. We are close to releasing V.1.3. Improving the responsiveness of Trezor support is part of Cardano development.

Smart Contracts

On the smart contract side, the Plutus team is focused on improving BLS support in Plutus TX. In addition, the team has implemented “Execution monitoring for the Marconi sidechain.” Soon, she plans to make the standalone simulator accessible through a real Cardano node socket client.

Banana Zoom

On the scaling front, the team assigned to Hydra announced significant progress in improving the layer 2 protocol. Version 0.11.0 is set to be released soon.

Additionally, the Mithril team has implemented “a new 2327.0-PRE pre-release distribution and started testing a new production signer deployment model with Pioneer SPO”. It is also focused on fixing “a bug that occasionally prevented the last signer record of an SPO from being used in the associated signing epoch”.

Voltaire

The establishment of an initial Minimum Viable Governance (MVG) framework appears to be on track. This ensures advancement of participatory governance within the Cardano ecosystem.”

catalyst

More than 300 proposals were submitted to Fund10. The Catalyst project will soon release a new version of its mobile app.

educate

Cardano has a dedicated education team that is currently busy planning a Haskell course. She was the initiator of a Cardano basics webinar for Milken Institute alumni.

Will ADA collapse soon? Time will tell. In any case, Cardano is doing great.