Mithril

Cardano

Core

2024

World

<ul> 
 <li><strong>Cardano’s latest updates include significant core technology optimizations and performance benchmarks.</strong></li> 
 <li><strong>Highlights include improvements in debugging, smart contracts, and scaling solutions.</strong></li> 
</ul>  
<p>Unlike previous Cardano development updates in CNF <a href="https://www.crypto-news-flash.com/cardano-development-new-updates-on-ledger-safety-wallet-enhancements-and-smart-contracts/">focused on ledger safety, wallet enhancements, and smart contracts</a>, the latest core technology optimizations emphasize performance and efficiency. The consensus team optimized the db-truncater tool on SanchoNet and improved debugging for bootstrap nodes.</p> 
<p>Performance and tracing teams 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 now in validation. Additionally, the team factored out the RTView component, presented in Zurich, and developed a community report on UTXO scaling benchmarks.</p> 
<p><strong>Here are Weekly <a href="https://www.crypto-news-flash.com/cardano-development-update-advancements-across-core-technology-wallets-scaling-voltaire-sanchonet-catalyst-and-education/">Development</a> Report Summary as of <a href="https://www.essentialcardano.io/development-update/weekly-development-report-as-of-2024-06-28">2024-06-28</a>:&nbsp;</strong></p> 
<h2 id="strong-1-wallets-and-services-strong"><strong>1. Wallets and Services</strong></h2> 
<p>The Lace team is finalizing the details for Lace v.1.13 release, which will highlight their 2024 achievements and future plans. Further details are discussed in Collin Brown’s tweet.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> Latest from Cardano: Core tech optimizations, Plutus speeds up with faster pattern matching, and Mithril scales with transaction certifications. Catalyst announces top-tier partnerships incl. FC Barcelona and Brave Browser. Education team updates Mastering Cardano series for… <a href="https://t.co/PuO0W7IqLM">pic.twitter.com/PuO0W7IqLM</a></p> 
 <p>— Collin Brown (@CollinBrownXRP) <a href="https://twitter.com/CollinBrownXRP/status/1807645968256422095?ref_src=twsrc%5Etfw">July 1, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 id="strong-2-smart-contracts-strong"><strong>2. Smart Contracts</strong></h2> 
<p>The Plutus team provided a high-level overview of the cost model, completed the initial design for faster pattern matching, and made documentation and CI improvements. These updates are further elaborated in today’s CNF YouTube video.</p> 
<p><iframe title="Cardano Development Update: Core Technology Enhancements and Performance Metrics" width="788" height="443" src="https://www.youtube.com/embed/Kx7KpSn0n1Q?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p> 
<h2 id="strong-3-scaling-strong"><strong>3. Scaling</strong></h2> 
<p>The Mithril team released a threat modeling explainer, worked on transaction certification, and fixed transaction verification bugs. They also continued efforts to draft a CIP for Mithril signature diffusion and improved WASM client documentation.</p> 
<h2 id="strong-4-catalyst-strong"><strong>4. Catalyst</strong></h2> 
<p>Catalyst released a shortlist for the ‘Partners and Real World Integration’ track, featuring companies like FC Barcelona and Brave Browser. Fund12 voting begins on June 27 and runs until July 11. The weekly Town Hall 168 was conducted, showcasing continuous engagement with the community.</p> 
<h2 id="strong-5-education-strong"><strong>5. Education</strong></h2> 
<p>The education team updated the Mastering Cardano series and prepared for next month’s developer course, ensuring ongoing education and development within the Cardano ecosystem.</p> 
<h2 id="strong-6-market-update-strong"><strong>6. Market Update</strong></h2> 
<p>Continuing CNF’s previous prediction on C<a href="https://www.crypto-news-flash.com/cardano-development-update-plutus-and-mithril-drive-smart-contracts-and-scaling-upgrades-can-it-propel-price-to-055/">ardano development updates, if the price can propel to $0.55</a>, it will be a significant milestone. At the time of writing, Cardano (ADA) is priced at <strong>$0.4002</strong>, with an increase of <span style="color: #008000;"><strong>3.92%</strong></span> in the past day and <span style="color: #008000;"><strong>7.42%</strong></span> in the past week.</p> 
<p><span data-sheets-root="1" data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;&quot;}" data-sheets-userformat="{&quot;2&quot;:513,&quot;3&quot;:{&quot;1&quot;:0},&quot;12&quot;:0}"></span></p>
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Cardano Development Update: Core Technology Optimizations and Performance Benchmarks

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