News just in that the Cardano Foundation has joined the Linux Foundation Group as a Gold Member. We are really pleased to see this development, there is a very similar ethos and values between the foundations and their respective goals. Time to dust off and read Eric S. Raymonds “The Cathedral and the Bazaar” again…
Categories
Web3 analysis
Ben Evans publishes an annual update on his analysis of the tech sectors major trends. In the latest he touches on Web3 and crypto: The most exciting themes in technology today are transformative visions for 2025 or 2030: crypto, web3, VR, metaverse… and then everything else. Meanwhile, hundreds of start-ups take ideas from the last…
Categories
Lace wallet
News in that IOG are making progress on the release of their light wallet called Lace, which will complement Daedalus (a full node wallet that keeps a complete copy of the blockchain). In a recent blog post Olga Hryniuk provides details: To simplify the experience for wallet users, IOG is developing Lace ‒ a ‘one-stop-shop’…
Categories
Vasil upgrade status
Nigel Hemsley (Head of Delivery and Projects at IOG) has just shared that there will be a minor delay to the timeline for the Vasil upgrade that will increase transaction speed on the network. Comprehensive testing by the IOG quality assurance and testing team, has shown a few issues remaining and they have decided to…
Categories
Proof Of Stake
You probably already know that Cardano uses an algorithm known as Proof of Stake (PoS) to secure the blockchain, and maintain consensus between validators. You might also know that Ethereum is planning to transition to PoS to unlock some of the same benefits enjoyed by Cardano such as faster transaction speeds, lower transaction costs, reduced…