According to U.Today, Cardano (ADA), a major player in the layer-1 blockchain scene, has introduced a new upgrade. The update, known as 'docker-cardano-cli v8.24.0.0-1', was developed by Blinken Labs. Cardano is recognized as the most developed blockchain network by GitHub Commits, and this latest upgrade further solidifies this reputation. Blinken Labs, the developer behind the upgrade, is known for its efforts to enhance Cardano Stake Pool operations.
While there was not much documentation published for this latest update, it is believed to be aimed at improving staking accessibility for users, based on previous updates from Blinken Labs. Over the past year, Cardano has ventured into various new areas to improve its overall ecosystem. One of the most significant innovations is the Midnight Protocol, which is designed to advance the concept of privacy in a futuristic way.
In addition to the Midnight protocol, Cardano has also been influenced by community trends surrounding meme coins. Recently, Cardano Founder Charles Hoskinson posted a picture of his pig, named Nike, which the community transformed into a meme coin valued at millions of dollars. Hoskinson expressed surprise at this cultural shift.
Despite these ecosystem enhancements, ADA, Cardano's native coin, has not seen a significant increase to reflect these developments. At the time of writing, Cardano's value has decreased by 1.53% in 24 hours to $0.377. Although it has maintained its position as one of the top 10 cryptocurrencies, Cardano's volume has decreased by 17.44% in 24 hours to $232,195,791. Cardano is a coin that is popular with large investors, as demonstrated over the past week. The core development fundamentals, ecosystem hype, and whale embrace might help it refuel its growth in the mid-to-long term.