Cardano (ADA) Some important improvements made in the ecosystem of the altcoin were announced today by various developers operating in this ecosystem. The innovations include both the blockchain itself and the decentralized applications built on top of it.
Major Innovations of Altcoin Cardano (ADA) Announced by Developers
The first development is the innovation called CIP-1694, which stands for Cardano Improvement Proposal. Founder of Cardano Charles Hoskinson Developed in collaboration with Cardano, this innovation is an in-chain management mechanism that will pioneer the transition to Voltaire in Cardano.
Charles Hoskinson shared on Twitter:
Glad to see the community go through this process. I invite everyone at Cardano to read the CIP and share your views, both pros and cons.
Glad to see the community going through this. I’d encourage everyone in cardano to do readings of the CIP and share your opinions both pro and con https://t.co/rvJ8eXTld1
— Charles Hoskinson (@IOHK_Charles) December 19, 2022
The proposal, put forward by developer Jared Cordouan in late November, is currently in the voting process.
As explained by Hoskinson, Voltaire is intended to be the latest stage in the development of the Cardano network and set an example for the rest of the industry on how decentralized management is done.
Another important recent innovation is the development of a price index for Cardano native tokens by the dcSpark team.
The idea is that the index can be distributed locally and free of charge without the need for an API or third party. For reference, the number of native tokens on Cardano is currently over 7 million.
Cardano remains one of the most actively developed projects in the crypto industry. As reported by U.Today, Cardano is on GitHub Polkadot (DOT), cosmos (ATOM) and from Ethereum (ETH) has more daily development activities.
Cardano (ADA) was trading at $0.2580 at the time of this writing.
*Not investment advice.
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