Cardano’s parent company announced the release of a new version of Daedalus
Cardano Founder Charles Hoskinson highlights massive performance improvements for Cardano’s open-source wallet Daedalus. IOHK, Cardano’s parent company, has announced the release of a new version of Daedalus, 4.8.0 Cardano mainnet.
This release of Daedalus aims to integrate the latest version of the Cardano wallet, which supports the Cardano node v1.33.0 and brings significant performance improvements. The latest upgrade will also allow computers with less than 16GB of RAM to enable the Cardano Node Execution System (RTS) with a new splash screen displayed to help reduce memory usage.
This news comes as the total number of Cardano wallets surpasses the $3 million mark. The number of wallets holding the network’s native coin, ADA, has increased significantly over the last year, indicating that the Cardano blockchain has witnessed tremendous growth.
The total number of Cardano wallets was 2.5 million on December 24. Over 500,000 ADA wallets have been added since then.
Cardano implements key step in scaling vision as Basho phase unfolds
At the start of 2022, Cardano revealed 11 ways it intends to scale, one of which is the Hydra Solution. Hydra is a collection of Layer 2 solutions aimed at improving network security and scalability.
Cardano is at the foot of the Basho, a phase that is about scaling and optimizing the network, with smart contracts already in place. In this sense, The Hydra Head, the first in a suite of protocols, is an important part of Cardano’s scaling journey.
The Hydra Head protocol was already shaping up in 2020, according to IOHK, and has since grown into a proof of concept. It mentions that progress is still being made, with a more specified implementation for the testnet MVP being the next major step.
