Cardano [ADA] is climbing the on-chain developments and after a long bear market, the coin is seeing the greener side of the market. Today, December 18, Cardano has launched the much-awaited update, Cardano 1.4.
The update encompasses an increase in storage capacity along with other code fixes. The update leads the way for a full decentralization during Project Shelly.
The news about the update was announced on a Cardano forum website. The blog also shared that Daedalus, ADA wallet, now supports Linux. The update was tested against Ubuntu 18 and Fedora 28 and is assumed to work with other major distribution.
The blog also mentioned that the backend of Daedalus and Cardano SL has been rewritten completely and has been tested on the formal specification for Cardano wallet 3. It will bring performance improvements, reliability and improve input selection for transaction creation. The updated version of Cardano SL includes a rewritten v1 API, making it the default now and the older version, v0 API will be depreciated in one of the future releases.
The report claims to change the way how wallet data is stored and managed. This will lead all the wallets to be restored and synchronized with Cardano blockchain’s history, which will take place automatically. This update will be delivered to the current Cardano users through Daedalus update system.
At the time of press, the coin was valued at $0.0326 with a market cap of $845 million. ADA registered a 24-hour trade volume of $80 million with a growth of 7.63%. The coin also registered an overall growth of 7.63% over seven days.
The coin was traded in high volumes on ZB.com with a trading volume of $53 million with ADA/BTC pair. ZB.com was followed by ZBG and registered a trading volume of $10 million with ADA/USDT pair. The third place was acquired by Binance with $7 million volume on ADA/USDT pair.
ADA ranks on the eleventh position on the CoinMarketCap list and has plunged by 0.18% over the past hour, at the time of press.
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