cardano‘s founder, Charles Hoskinson, noted two important developments. pulled. Cardano Node 8.1.1 mainnet version and Lace 1.2 wallet upgrade. These two major developments are likely to give the Cardano ecosystem a major boost and push the ADA price for upward momentum. The community has also committed to improving the Cardano network despite US SEC pressure.
Cardano Node Released 8.1.1 Mainnet and Lace 1.2 Wallet Upgrade
Cardano founder Charles Hoskinson commented “we are moving the chains” by sharing the launch of Cardano Node 8.1.1 mainnet on June 20. Hoskinson also stated that the Lace 1.2 wallet is now in production.
Cardano Node 8.1.1 is mainnet ready and includes significant improvements to epoch transitions. The developers urged all stake pool operators (SPOs) to update to Node 8.1.1. The mainnet upgrade includes fixes for peer-to-peer networking and the ADA-based domain name system.
Moving the chains https://t.co/swsG5oSvx3
NEWS CONTINUES BELOW— Charles Hoskinson (@IOHK_Charles) June 19, 2023
Moreover, the Lace 1.2 wallet upgrade has introduced various features such as organizing NFTs in folders, wallet balance hiding, better wallet balance calculation and DApp connector. There are also performance improvements for token information requests.
ADA Price Rebound Observed
US SEC crypto- The price of ADA dropped from $0.38 to $0.23 following lawsuits filed against exchanges Binance and Coinbase. ADA price is likely to rise to the $0.35 resistance level amid significant developments from Cardano developers.
The ADA price is down 0.50% in the last 24 hours. The price is currently trading at $0.258. The 24-hour lows and highs are $0.257 and $0.264, respectively. Moreover, the trading volume has increased by 30% in the last 24 hours, showing interest among traders.