The Mithril and Hydra Upgrades
Cardano has seen an 8% surge in the price of its native coin, ADA, following the implementation of various upgrades. One of these upgrades is the progress made by the Hydra team with version 0.15.0. They are currently working on addressing issues in smoke tests and website publishing workflows to ensure a more robust development environment. They are also using Mithril to synchronize nodes in smoke tests.
The Hydra team has also polished Hydra-chess v.0.1.0, an example application that runs on Hydra and showcases the capabilities of the platform. This can serve as a reference for future developers.
The Mithril team has released the initial version of the Mithril client NPM package, which allows developers to integrate core Mithril features into their web applications. They have also launched a new distribution with support for Cardano node v.8.7.3, along with bug fixes and performance improvements.
More Cardano Upgrades and ADA Surge
The team has also implemented a solution aimed at verifying and certifying Cardano transactions set in Mithril networks. They have made progress on retrieving transactions and combining them into a Mithril protocol message, as well as implementing a mock aggregator for browser tests.
The Mithril team has enhanced node communications between Mithril and other Cardano protocols and is focused on threat modeling and risk analysis for P2P networking. Additionally, they announced that the protocol has been running without interruption since epoch 425 after expanding access through a partnership with the Africa Blockchain Center.
As a result of these upgrades, ADA has experienced an 8.12% price increase in the past 24 hours, reaching $0.4866. This surge comes after a period of drawdown for ADA.
Hot Take: Cardano Upgrades Drive ADA Price Surge
The recent upgrades implemented by Cardano, including the progress made by the Hydra and Mithril teams, have had a significant impact on the price of ADA. With improvements in development environments, synchronization of nodes, and integration of core Mithril features, Cardano is positioning itself as a strong player in the cryptocurrency market. The surge in ADA price is a testament to the market’s positive response to these upgrades and showcases Cardano’s potential for further growth. As more upgrades and advancements are made, ADA holders can look forward to continued price appreciation and increased adoption of the Cardano platform.
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