Cardano has recently made significant advancements in its core technology, resulting in enhanced performance and efficiency. Unlike previous updates that focused on ledger safety, wallet improvements, and smart contracts, this round of optimizations prioritizes performance. The consensus team has optimized the db-truncater tool on SanchoNet and improved 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 Plutus cost model. CIP-69 and CIP-117 are currently undergoing validation. Additionally, the team has extracted the RTView component, which was presented in Zurich, and produced 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 release of Lace v.1.13, which will highlight their achievements in 2024 and outline their future plans. Further information can be found in Collin Brown’s tweet.
2. Smart Contracts:
The Plutus team has provided a high-level overview of the cost model, completed the initial design for faster pattern matching, and made improvements to documentation and CI. For more details, refer to the CNF YouTube video.
3. Scaling:
The Mithril team has released a threat modeling explainer, worked on transaction certification, and resolved transaction verification bugs. They have also continued their efforts to draft a CIP for Mithril signature diffusion and improve the WASM client documentation.
4. Catalyst:
Catalyst has announced the shortlist for the ‘Partners and Real World Integration’ track, featuring companies like FC Barcelona and Brave Browser. Voting for Fund12 began on June 27 and will run until July 11. The weekly Town Hall 168 was conducted to maintain engagement with the community.
5. Education:
The education team has updated the Mastering Cardano series and is preparing for the upcoming developer course next month to ensure continuous education and development within the Cardano ecosystem.
6. Market Update:
As predicted in CNF’s previous article on Cardano development updates, reaching a price of $0.55 would be a significant milestone. At the time of writing, Cardano (ADA) is priced at $0.4002, with a 3.92% increase in the past day and a 7.42% increase in the past week.
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