One step closer to decentralization: IOHK rolls out Cardano 1.4
IOHK [Input and Output Hong Kong], Cardano [ADA] blockchain creator, has officially released the new version, Cardano 1.4. The change brings many new features that will impact the network functionality. Daedalus and Cardano SL [settlement layer], the wallet backend, have also been upgraded and released with the new update.
“This release brings significant robustness improvements and resolves some network connection issues which were affecting a lot of users,” said the IOHK blog. The update has improved the amount of hard drive space required to store the blockchain. The block storage optimization has reduced the number of files, required to store the blockchain history for a year, from 1.3 million to 44,000. The block storage optimization also includes other performance upgrades.
IOHK has just announced the release of Cardano 1.4, the most significant update for Cardano yet! Read more here: https://t.co/eRXTjI2l4v
— Cardano Foundation (@CardanoStiftung) December 18, 2018
Cardano 1.4 comes along with two other upgrades, Daedalus 0.12.0 with Cardano SL 2.0.0. Daedalus is a wallet which enables to store ADA, online. The latter is a ledger which enables the transfer of ADA on the wallet. The wallet backends have been completely rewritten for the new release. The upgrade boasts increased performance and reliability of the wallet. “The update will be delivered to current users automatically through Daedalus update system,” said the blog.
The upgrade has been released after a “huge amount of QA work”. Cardano 1.4 is an update in the Byron phase of the project. The next phase dubbed Shelley phase will help the network to become fully decentralized. The new update lays the groundwork for the network decentralization process.
Recently, the IOHK released the Plutus platform, a smart contract language for the blockchain. Though ADA has fallen looking at its price charts the technology behind the cryptocurrency is advancing. ADA is currently trading at $0.035 with a market cap of $913 million.
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