Cardano Gets Massive Update on Lace Wallet, Marlowe Oracles, Hydra, and Mithril Scalability Boost as 1,287 Projects Build on ADA

• Lace Wallet gets a comprehensive upgrade enhancing user customization.
• Marlowe, Hydra, and Mithril advancements propel Cardano’s scalability and smart contract functionalities.

In the world of blockchain, keeping abreast with the relentless pace of technological advancements is essential. Cardano, as delineated in the weekly development report, is surging ahead with substantial updates enhancing its ecosystem. This report was brought to light by blockchain aficionado Collin Brown (@CollinBrownXRP) in his tweet.

Cardano is making waves with latest updates:

1⃣ Cardano’s Lace wallet now customizable.
2⃣ DApp connector improved.
3⃣ Marlowe oracle refined.
4⃣ Hydra & Mithril boost scalability.
5⃣ Voltaire prep with GovTool. 🚀

Learn more: https://t.co/xFtqR1Xeti#Cardano #ADA pic.twitter.com/0UtOe7o7ZQ

— Collin Brown (@CollinBrownXRP) October 1, 2023

Wallets and Services Enhancement

The Lace Wallet, an integral part of the Cardano ecosystem, witnessed significant upgrades. The feature enabling users to choose the delegation ratio among different stake pools has been fine-tuned. Furthermore, there’s been notable progress in integrating portfolio persistence and rectifying various UI glitches. Moreover, the DApp connector has been enriched, ensuring a seamless interface with selected extensions as outlined in CIP-95, thus paving the way for robust governance actions within the Lace UI.

Progressive Smart Contracts Development

In the realm of smart contracts, the Marlowe oracle has received due attention with the enhancement of the ts-sdk importing process and the introduction of Docker support. The teams also upgraded the Cardano node dependency to v.8.1.2 and moved Plutus scripts to a distinct project. A significant step forward has been made by enabling the exportation of contracts from Marlowe Playground to Marlowe Runner, augmenting the overall system interoperability and user experience. This progression sets a positive trajectory for the interaction between different components within the Cardano blockchain, especially in smart contract operations.

Scalability with Hydra and Mithril

The Basho phase, earmarked for scaling the Cardano network, saw an orchestrated effort between the Hydra and Mithril teams. The gen-hydra-key node command has been refined for better usability. Simultaneously, a new distribution, 2337.0, by Mithril includes support for zstandard compression of snapshot archives and the Cardano node version in snapshot metadata. These updates contribute significantly towards boosting the network’s scalability, a critical aspect for accommodating the burgeoning number of projects being built on ADA, now tallying at 1,287.

The symbiotic advancements in the Lace Wallet, Marlowe oracles, and the scalability projects Hydra and Mithril underline the concerted effort in steering Cardano to be a more robust and user-friendly blockchain. The highlighted updates are a testament to Cardano’s continuous endeavor in fostering a holistic ecosystem conducive for project development and user engagement. Such proactive enhancements, referenced in the weekly report by Collin Brown, echo the unwavering commitment towards maintaining a progressive trajectory in the blockchain domain.

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