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HomeCrypto NewsMarketCardano Latest Development Report: Updates on Lace Wallet, Plutus, Marlowe, Mithril, and More

Cardano Latest Development Report: Updates on Lace Wallet, Plutus, Marlowe, Mithril, and More


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Input Output Global (IOG), a blockchain startup focused on the growth of the Cardano network, has released its latest weekly development report. 

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Notably, the report highlighted Cardano’s technical development in different aspects of the network as part of an effort to enhance users’ experience. 

According to the report, the tooling used for Ledger, the core of Cardano’s blockchain, saw improvements. The team responsible for Ledger development focused its attention on resolving the bugs associated with the appropriate usage of DRep thresholds.

In addition, the development team behind Lace Wallet, a light wallet built on Cardano, focused on enhancing its multi-staking feature. The report noted that the team will release the multi-staking upgrade next week.

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Cardano Smart Contract Feature Sees Update 

Interestingly, Cardano’s smart contract functionality also received significant upgrades in the past week. Per the report, the Plutus and Marlowe teams worked on different projects in relation to the network’s smart contract. 

While the Plutus team worked on Cardano-node-emulator testing and Marconi API queries, the Marlowe team organized two workshops to explore Marlowe’s safety features and its beginner-friendly smart contracts. 

Team Enhances Cardano Scaling

There were also some updates from the Mithril team, which focused on improving Cardano’s scaling. The team made progress with decentralizing the Mithril networks.

It resolved the issues with Cardano’s Docker package and addressed the technical problems in the release mainnet aggregator.

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Notably, Cardano’s development efforts in the past week further support the latest milestone achieved by the network. As reported earlier, Cardano ranked as the top blockchain project with the most development activity, recording 502.47 Github commits.

Number of Projects Building on Cardano Surpasses 1,300  

Meanwhile, the recent report also provided statistics as regards Cardano’s number of projects, native tokens, and transactions.  

Weekly development report as of 2023-11-10

According to the report, the number of projects building on Cardano has surpassed 1,300. At the time of writing, there are now 1,302 projects building on Cardano. 

In September, TheCryptoBasic reported the number of projects building on Cardano to be around 1,287. Consequently, the current figure suggests that 15 new projects have started building on Cardano since September 29. 

Additionally, the report shows that 148 projects have gone live on Cardano since its inception in 2017. Furthermore, the number of assets issued on the Cardano network has reached an astounding 9 million. The network’s total transaction count has also hit a milestone of 79 million. 

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Lele Jima
Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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