Here’s What Cardano Will Roll Out With New Upgrade As ADA Price Soars 12%

Cardano follows the general sentiment in the market as it records a 4.2% profit in the last 24 hours. The price of ADA trades north of $0.96 with a 12.6% profit in the last 7 days. Cardano seems to benefit from an overall increase of demand across digital assets and potential mitigation of macro-economic headwinds for risks-on assets. In addition, the network seems to be steadily moving towards new improvements. Related Reading | Cardano Inventor Front-Ran SundaeSwap Users? Research Casts Light Per a recent update from Input Output Hong Kong (IOHK), the company behind Cardano’s development, the network recently saw the implementation of the first of 3 major updates. IOHK claims the core network was upgraded and was introduced to “powerful improvements and enhancements”. The company has been preparing to introduce these changes on the network, according to Tim Harrison, Marketing and Communications Director at IOHK, after the successful implementation of smart contract capabilities. IOHK added: This February release is part of a broader plan of core Cardano optimizations and enhancements being delivered in 2022. These include key elements of our scaling plan like pipelining, significant performance improvements to Plutus, Hydra and input endorsers. Additionally, the company confirmed the deployment of complementary products and architecture, such as light wallets and UTXO on-disk storage, a dApp store, and a certification ...