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A quick recap of the recent Cardano [ADA] updates – Testnet to be released soon

Sthuthie Murthy

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A quick recap of the recent Cardano [ADA] updates - Testnet to be released soon
Source: Pixabay

Cardano [ADA] team has been busy with a lot of happenings recently and is doing pretty well in terms of market price as well. ADA is the world’s 6th largest coin in terms of the market cap which is worth $9.51 billion. The prices have been increasing since a week by almost 25.5% which is currently trading at $0.366.

The team has come up with a few updates in their roadmap with a vision of creating a third-generation cryptocurrency. They have made progress in a lot of areas and specifically, as the CEO of IOHK, Charles Hoskinson had earlier mentioned about the new paper wallet release. According to the update release from the team, paper wallets will see a first version release very soon. Their Daedalus wallet accounts and multi-currency ledger are the two new roadmap items that we will be looked forward to.

Stakepool Testnet registration has been extended until the end of May to give more opportunity for interested parties to register their interest.

Cardano Foundation staff stated that:

“IOHK has received over 1500 applications and has been pleasantly overwhelmed by the great level of interest.”

According to previous mentions about two Testnet releases by Cardano, they have come up with the dates for the same as they had promised. “Smart Contracts test nets will start 28th May – with KEVM first, followed by IELE VM around July.” They have been up to date about their releases and research as Charles always mentions. Cardano is working towards bringing new changes and reach the third-generation coin by taking over the three dimensions, scalability, sustainability, and interoperability.



Seb, a Twitterati says:

“It would be good if we could better see what changes are there. Is there a way to access the previous version of the roadmap? We can see what topics have been updated but I don’t know what was updated on the topic.”

Kevin Cerroni, a Cardano enthusiast says:

“Excited about Paper Wallets! Keep up the hard work team.”





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Sthuthie Murthy is a full-time reporter at AMBCrypto. She has been researching and writing about the Blockchain technology for a year now. Her passion for blockchain has led her to be a part of AMBCrypto's news reporting team. She does not hold value in any cryptocurrencies currently.

Altcoins

Bitcoin SV [BSV] gets hit with another reorg as multiple blocks get orphaned, including a 128 MB block

Akash Anand

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Bitcoin SV [BSV] gets hit with another reorg as multiple blocks get orphaned, including a 128 MB block
Source: Pixabay

Bitcoin SV [BSV] and its proponents have been making headlines over the past couple of weeks, either due to developments or because of comments made by its major proponents, Craig Wright, the chief scientist at nChain, and Calvin Ayre.

The network was also hit with several members of the cryptocurrency community alleging that the cryptocurrency itself is a sham without any use cases, as evidenced by its delisting on several popular cryptocurrency exchanges like Binance, Kraken and Shapeshift.

The latest news added salt to BSV’s wounds after it was revealed that the network went through another blockchain reorganization on a 128 MB block. This fact was pointed out by Nikita Zhavoronkov, the lead developer of Blockchair, who had tweeted:

“Whoops! $BSV has experienced yet another reorg, this time 6 (six!) consecutive blocks were orphaned (#578640–578645), this chain included a 128 MB block #578644 🤦‍♂️ The network was basically stuck for 1.5 hours, and this shows that even 6 confirmations are not enough.”

Orphaned blocks are valid blocks which are not part of the main chain. There are ways that they can occur naturally when two miners produce blocks at similar times or they can be a result of an attacker with enough hashing power using it for nefarious activities like reversing transactions.

A major reason why this reorg event made news was that a major 128 MB block was stuck in transaction, something that was not supposed to occur according to the initial claims made by the SV camp. Supporters of the cryptocurrency, however, have stated that despite being slower than promised, the transactions on the block settled faster than that on a Bitcoin Core block.



One supporter of BSV, mboyd1, tweeted:

“Orphaned blocks are a feature, not a bug”

To this tweet, Zyo, another cryptocurrency enthusiast replied:

“yes, but orphaning 6 blocks in a row is not good, that means that 6 confirmations is not safe. It’s a bug because the 100+ MB take way too long to propagate and validate. There is a reason why BCH doesn’t have [yet] 100+ MB blocks.”





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