Read the latest updates and news from Cardano. The second week of August brings the updates on Vasil Hard Fork.
This week’s Cardano update summary includes information about the Cardano Vasil Hard Fork. We also have news that Android users may now use Cardano dApps. More information about it, as well as other updates, is available below.
1. Vasil Hard Fork updates
The Vasil hard fork is a work in progress, according to IOG’s weekly development update. IOG informs that the teams are working on node upgrades. A new node, version 1.35.3-rc1, is available to support Vasil testing on the devnet.
Every Friday, we publish our weekly #Cardano development update. So for the lowdown on what IOG's dev team has been working on last week, head on over and take a look👇 https://t.co/iVT0ZL1GhO
— Input Output (@InputOutputHK) August 5, 2022
It also mentions that a brand-new preproduction environment especially for testing Vasil functionality is ready for use. Developers, SPOs, and exchanges were advised to use this new environment rather than the main Cardano testnet since it would offer increased chain density and a better development experience. The testnet had a hard fork on July 3 to add Vasil functionality. Following the announcement of the testnet hard fork, development on the first node v.1.35.0 continued.
Prior to the Vasil mainnet debut, the Plutus contracts were still under development; these contracts hope to include three particular upgrades to the Plutus v1 scripts: faster Plutus evaluators, updated cost model parameters, and datums and redeemers for various inputs. According to IOG, the Plutus team upgraded the Plutus tools to the node v.1.35.3-rc1 and also the Plutus contract emulator to support Babbage transactions this week.
2. Android users may now access Cardano dApps
Flint wallet revealed in a tweet on Monday that as part of its most recent upgrade, Android users may now access their favorite Cardano dApps using the app’s built-in dApp browser. Several new features are included in the most recent Android Flint release. According to the company’s statement, the best one is a dApp browser for connecting to dApps in the Cardano ecosystem.
Do you want to connect to dApps in Flint for Android?
With the latest update released today, you can connect to your favorite dApps!
Check it out & see the new update in action below: 👇
— FlintWallet (@FlintWallet) August 8, 2022
It’s important to note that last week, Flint wallet provided the same functionality to iOS users. Charles Hoskinson, the founder of Cardano, publicly supported the news, which is significant. A big achievement of the Flint upgrades is that they allow users of two of the biggest mobile ecosystems to access Cardano dApps via their Flint wallet apps.
3. Cardano is currently processing around 75,000 transactions daily
According to Cardano’s blockchain explorer, the network is now executing around 75,000 transactions per day. However, despite the strong transactional activity, Cardano is not yet operating at full capacity, and the growth in the number of activities on the blockchain is expected to continue.
SOURCE: Messari
The network’s transaction count is expected to increase as a result of the arrival of new solutions. Synthetic tokens, stablecoins, and also decentralized lending will be the primary sources of transactional activity, with gains of up to 100%.
The number of transactions on the network now represents normal transactions between users as well as trading operations on various platforms. When we compare Cardano to Ethereum, we can see how the network’s activity increases following the development and acceptance of DeFi platforms and apps. Furthermore, with the increasing amount of transactions on the network, we will witness the general evolution of Cardano as transaction fees grow, pushing developers to build more applications that will aid in the ecosystem’s mass adoption.
4. Race Car With a Cardano Theme Makes NASCAR Debut
The community continues to show its commitment in a variety of ways. This is significant since Cardano developer Charles Hoskinson recently asked about a Cardano-themed Nascar vehicle sponsored by Cardano user “Bone Pool,” who also works as a pool operator. In fact, the Cardano car, piloted by Nascar’s Trent Barnes, is competing in the Nascar weekly series at Dominion Raceway.
I got to know the story on this one. Who sponsored it? https://t.co/dX4sJ01Ta9
— Charles Hoskinson (@IOHK_Charles) August 10, 2022
This is not the first time the Cardano community has demonstrated its commitment. Cardano founder Charles Hoskinson praised the community’s commitment after the Cardano flag reached the peak of Mount Everest in May, stating that other projects “pay to do something like this.”
5. Holders of Cardano (ADA) may now contribute to humanitarian Relief Efforts in Ukraine
As part of a new agreement, ADA holders can now give to humanitarian aid organizations in Ukraine. The Giving Block, a platform that makes it simple for NGOs to accept crypto donations, announced a collaboration with Cardano’s parent firm, Input Output Global, in a tweet on Wednesday (IOG). The collaboration would enable ADA holders to donate to humanitarian relief efforts in Ukraine.
We’re proud to partner with @InputOutputHK on a new initiative that allows Cardano (#ADA) holders to support humanitarian relief efforts in #Ukraine!
Learn more and donate ⤵️ https://t.co/qiRIgVIJyB
— The Giving Block (@TheGivingBlock) August 10, 2022
To give, users only need to go to the webpage linked in the tweet and scan the QR code with their wallets. Also, users can copy the wallet address.
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