- The Cardano network has planned various key launches for the ecosystem shortly. Launch of Full P2P network, DJED stablecoin and reference scripts, inline datums, and reference inputs are among the major updates.
- The activity of the developers is near record-breaking. ADA has witnessed a rise of 50% in the past five days.
- Cardano will come one step closer to complete decentralization with the launch of P2P and gossip protocol. End users will now find nodes without relay after the new functionality is implemented.
The Cardano network is preparing for several major releases for the ecosystem in the coming months. The developer’s activity on the network is almost record-breaking. The following text mentions some developments that users can expect this summer.
Reference scripts, inline datums & reference inputs
Reference scripts, inline datums, and reference inputs are among the major updates on Cardano. All this development is anticipated to significantly boost the throughput of the network, resulting in building Layer 1 of Cardano as one of the most effective chains on the network.
Reference scripts are one of the most significant updates that would make transactions on the network cheaper and smaller through the reference from the existing prerecorded scripts from older transactions.
Launch Of Full P2P network
Cardano will come one step closer to full decentralization with the launch of P2P and gossip protocol. End users will be able to find nodes without relaying after the implementation of the new functionality.
The network will transition into an entirely self-regulated and organic. This is because there are going to be fewer barriers to individuals who seek to make an investment in the decentralization of the ecosystem.
Launch Of DJED stablecoin
The launch of algorithmic DJED stablecoin is another one of the most anticipated solutions that is arriving on the network. The network has already rendered users bridged USDC; however, the decentralized algorithmic stablecoin is being considered an even more efficient solution for Cardano.
The purpose of Cardano behind preparing the release of several decentralized solutions and applications that Cardano, this summer, is to attract users and investors from all over the industry.
The effects of high development and release activity can be seen in the activity of ADA, the underlying cryptocurrency of Cardano, which has experienced a rise of 50% in the past five days of trading.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.