Check this week’s highlights and get the latest on core technology, wallets and services, smart contracts, and scaling and governance developments. essentialcardano.io/development-up…
Here are the development highlights from this week:
🔬 CORE TECHNOLOGY: The networking team released Dynamic P2P networking to mainnet, the ledger team expanded APIs & worked on governance features, and the consensus team worked on UTXO-HD refactoring, testing & VRF improvements
💳 WALLETS & SERVICES: The Daedalus team improved the starting screen and work is ongoing on Lace desktop development. The Adrestia team extended the multi-signature feature, extracted the transaction balancing library, and optimized cardano-services.
💻 SMART CONTRACTS: The Marlowe team fixed bugs, assessed various conditions in the #Marlowe semantics validator, and implemented a transaction detail view for Marlowe Explorer.
🚀 BASHO (SCALING): The #Hydra team worked on hydra-node mainnet compatibility and prepared for the mainnet beta release. The Mithril team implemented migration of aggregator stores, stake pool store adaptation, and refactored multi-signer to sign multiple concurrent messages.
👥🌐🗳️GOVERNANCE: Check out updates to CIP-1694 and contribute directly on GitHub. Join the community conversation on March 30 to discuss CIP-1694 and future workshops. See the full report for details.
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The age of Voltaire brings on-chain governance to Cardano! The community, along with DReps, SPOs, and committees, are now stewards for Cardano's development, guided by the constitution.
Informed and active participation is key to shaping Cardano's future. Discover 10 useful resources that help drive transparent and inclusive governance! 🧵
1/12
A New Dawn
A curated hub highlighting Cardano governance. A New Dawn offers educational content on delegation, participation, and viewing proposed enhancements while spotlighting ecosystem builders.
A platform for budget reconciliation polling, Ekklesia helps DReps support treasury proposals. It has been key to the 2025 budgeting process, encouraging early, transparent coordination.
Cardano's EUTXO model brings determinism and predictability to blockchain! It builds on Bitcoin's UTXO but enhances it for smart contracts and complex apps without sacrificing security or simplicity.
So what does it mean?
1/7
@IOHK_Charles says EUTXO is ‘hand-in-glove built for isomorphism between the off-chain and on-chain.’
Essentially, equality between the two. This means what you see off-chain is what happens on-chain.
2/7
A Bitcoin wallet is like a jar holding coins (UTXOs). To spend $30, you'd use a $50 coin and get $20 change – a new UTXO. Cardano extends this by adding data and logic, creating more versatile UTXOs beyond simple value storage.
3/7
Cardano's sustainable future and competitiveness depends on research & innovation.
Today, Input | Output Research submitted its 'Cardano Vision - Work Program 2025' proposal to fund the foundational work required for long-term growth.
All aimed at scalability, sustainability & interoperability and defined through an evidence-based approach.
2/6
Execution will be led by the Input | Output Research team, the leading blockchain research network worldwide including more than 14 universities, who have published over 200 peer-reviewed papers involving more than 150 researchers.
This continues the foundational research that built Cardano.
3/6
📢 Yesterday, November 25, 2024, the IO Research team successfully tested Halo2 verification in Plutus on the Mainnet network. 💪🧵
IO Research ran the verification of a Halo2 ZK proof for the Ad-hoc Threshold Multi-Signatures scheme (ATMS) checking 50 out of 90 signatures. You can see the transactions here.
The first tx locks the funds, the second unlocks the funds upon verification of a Halo2 proof for ATMS signature 50 out of 90. The locking tx costs 0.16 ADA fee, the unlocking tx (Halo2 verification) 2.03 ADA fee which is reasonably low.
⭐ OUT NOW: Daedalus 6.0.1 for mainnet, preprod & preview.
The Daedalus 6.0.1 release upgrades to node 9.1.1 to fix the ledger replay issue in the Conway era. This update ensures that nodes no longer replay from genesis but instead replay as expected.
⚠️It is mandatory for all #Daedalus users to upgrade to this version. 1/🧵
⚠️Note that if you have already experienced this issue, your Daedalus will likely replay the ledger state from genesis (0%), so you may see longer synchronization times.
2/🧵
Existing users will get a prompt to update via the Daedalus newsfeed. If you are new to #Daedalus and would like to download this new release, download it ONLY from the official site: 3/ 🧵daedaluswallet.io/en/download/