$ADA: What To Expect From Cardano’s “First Major Release of 2022”

This article talks about what we can expect to see in Cardano’s upcoming February 2022 software release.

According to a blog post (published on February 28) by Input Output (also known as “IOHK” or “IOG”), the blockchain technology firm responsible for Cardano’s research and development, there will be three major code drops, the first of which is expected this month (the other two are expected around June and October).

Here are the enhancements that IOG says are coming in the next hard fork combinator (HFC) event:

  • “Ability to create transactions conforming to the Concise Data Definition Language (CDDL) using native tools CLI that ship with the node, rather than requiring third-party tools.“
  • “Multi-signature of transactions in incremental stages.“
  • “New CLI tool for SPOs to check the leadership schedule.“
  • “CLI tool for local mempool inspection.“
  • “CLI tool to estimate script cost.“

IOG went on to say that throughout this year there will be various scaling-focused enhancements, such as “pipelining, new Plutus CIPs, UTXO on-disk storage and Hydra.” These features — “in combination with parameter adjustments” — should “enhance Cardano’s throughput and optimize the system to accommodate an increasing range of decentralized finance (DeFi) apps, smart contracts, and DEXs.” 

As for EMURGO, which is the commercial arm of Cardano, on February 25, it published a blog post that announced “an investment in Fourier Labs, a Cardano interoperability solutions provider, through its investment subsidiary EMURGO Ventures, which is “one of EMURGO’s main investment subsidiaries managing its $100 million Cardano ecosystem investment vehicle launched last quarter.”

DISCLAIMER

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.

Source: Read Full Article