Hoskinson’s ‘beef’ with Solana and more
Cardano’s IOHK has published its weekly dev report, promising the ADA community to prepare for massive changes.
The report begins with the Node, Ledger, and Consensus teams preparing for the Vasil hard fork. These teams have also released node v.1.35.0-rc2 which updates the ledger and fixes bug issues related to Plutus’ smart contract capabilities.
According to the blog, this version of the node will likely be the version that will be used for the Cardano testnet hard fork.
In terms of portfolio, the Maze The team tested the new node, integrating the Cardano-wallet backend with the Lace wallet. The Adrestia The team has also updated its components to be compatible with Vasil.
Cardano co-founder Charles Hoskinson demonstrated the Lace v.1.0 lightweight wallet demo at an event in Texas, USA. It should be released this summer, according to the blog.
Additionally, the Project Catalyst team launched Fund9 where hundreds of proposals and ideas are posted. The community site is accepting submissions until June 30. There is $16 million in ADA available for innovation grants and ecosystem awards.
Cardano creator Charles Hoskinson spoke about the future of cryptocurrency regulation
Charles Hoskinson, the founder of Cardano, provided his testimony on the future of digital asset regulation before the United States House of Representatives Agriculture Committee, Subcommittee on Commodity Exchanges, the energy and credit. The recap was posted by IOHK.
Hoskinson said he will continue to push hard for proper and responsible regulation of digital assets and blockchain technology when discussing the importance of regulation in the space. cryptographic.
However, he noted that given the newness of the technology and the volatile nature of the asset class, it can hardly fit within the narrow confines of laws and tests established nearly a century ago.
Recently, the GM made headlines after taking a look at Solana’s new mobile phone while bringing up the issue of Solana’s network outages.
Without saying a word, Hoskinson tweeted that users might need to locate seven of their friends on Discord to restart it, implying that the mobile phone might also experience performance issues similar to Solana’s blockchain.