As one of the main avenues to stay up to date in the layer 1 blockchain scene, Cardano (ADA) has welcomed a new update. According In the GitHub repository, the new update is called “docker-cardano-cli v8.24.0.0-1” and was introduced by Blinken Labs.
As one of the main avenues to stay up to date in the layer 1 blockchain scene, Cardano (ADA) has welcomed a new update. According In the GitHub repository, the new update is called “docker-cardano-cli v8.24.0.0-1” and was introduced by Blinken Labs.
Cardano maintains developer dominance
Cardano has always gained recognition for its position as the most developed blockchain network by GitHub Commits. This latest update adds significantly to this recognition. Developer Blinken Labs helps improve Cardano Stake Pool operations with its development efforts.
Tomiwabold OlajideWhile not much documentation was released for this latest update, judging by previous updates from Blinken Labs, this update aims to increase the accessibility of betting for users.
Over the past year, Cardano has dived into several uncharted territories to improve its overall ecosystem. One of the most important innovations is the Midnight Protocol, which aims to boost the concept of privacy in a futuristic way.
In addition to the Midnight protocol, Cardano has also been further boosted by the community trends surrounding the meme coin. Over the past week, Cardano founder Charles Hoskinson posted a photo of his pig, named Nike. The community transformed this animal into a meme currency, whose valuation reached millions of dollars. Hoskinson expressed surprise at the cultural change.
The price remains unchanged
Amid this ecosystem momentum, ADA, the native currency of the Cardano ecosystem, has not recorded a major rally reflecting these tremendous fundamentals.
Gamza KhanzadaevAt the time of writing, Cardano is down 1.53% in 24 hours to $0.377. Although it has managed to maintain its position as a top 10 cryptocurrency, Cardano’s volume is down 17.44% in 24 hours to $232,195,791.
Cardano is a coin with a strong affinity for whales, as demonstrated last week. The basic fundamentals of development, ecosystem hype and whale acceptance could help you drive your growth in the medium and long term.
