Cardano Gets Upgrade, Here's What You Should Know!

Crypto ADA. (Photo; Doc. Punto Informatico)

JAKARTA - Cardano, through its founder Charles Hoskinson, announced two main developments that are expected to boost the Cardano ecosystem and the price of the ADA token. The release of the Cardano Node 8.1.1 mainnet and the increase in the Lace 1.2 wallet became the main focus of this development.

Node 8.1.1 is reported to be ready for use on the mainnet with significant improvements in the transition stage of Cardano's upgrade. Meanwhile, it is hoped that the Lace 1.2 wallet upgrade will bring new features that make it easier for users.

ADA prices had decreased after Cardano was named a security in the lawsuit against Binance and Coinbase by the US SEC. However, there are signs of ADA price recovery in line with the emergence of this information. With the important development of Cardano developers, ADA prices are expected to recover and reach the resistance level.

This has an impact on ADA's trading volume which has increased by 30 percent in the last 24 hours. This shows high interest from traders. At the time of writing, ADA is trading at IDR 3,903 per coin, based on Coinecko data. ADA price performance has decreased by 0.4 percent in the last 24 hours.

Cardano continues to demonstrate its commitment to strengthening its network despite facing challenges from the US SEC. Developers are pushing the Stake Pool Operator (SPO) to update to the latest version of Node 8.1.1, which is ready for use on the mainnet.

In addition, the increase in Lace wallet 1.2 provides a variety of new features that improve the user experience, such as organizing NFTs in folders, hiding balances in digital wallets, and better balance counting. All of this aims to improve the functionality and efficiency of the Cardano ecosystem.

With this development, the Cardano community hopes to overcome the challenges they face and continue to advance their projects. The decision to continue to develop and improve the Cardano network is a strategic step in maintaining momentum and increasing investor confidence.

This effort is expected to bring Cardano to a better position in competition in the cryptocurrency world and help the price of ADA tokens recover and experience a positive rise.