- Cardano blockchain developers have released the latest version of Node 8.1.1 on the mainnet.
- The Ethereum competitor remains committed to developments in spite of the recent categorization as a security by the SEC.
Cardano developers have released a cutting-edge node upgrade for next-level performance on its mainnet. The upgrade comes in the form of a new version of Node 8.1.1. With this upgrade, Staking Pool Operators (SPOs) are urged to update to the new release for enhanced operations.
The update is identified as a minor upgrade containing a fix from the ouroboros-network for P2P topologies that don’t contain DNS names in local roots. In addition to performance improvements from 8.0.0., this update improves node performance at the epoch boundary and corrects previous concerns with P2P/DNS.
Cardano SPOs 8.1.1 has been released for mainnet! 🔥
This update improves node performance at the epoch boundary and corrects previous concerns with P2P/DNS.
It also contains all the performance improvements from 8.0.0. Let’s rock and roll! #Cardanohttps://t.co/Bo0ZyXMXRR
— Rick McCracken DIGI (@RichardMcCrackn) June 19, 2023
The latest upgrade makes Cardano a more efficient blockchain and more appealing for users. Regarded as an Ethereum killer, the network is increasingly improving to ensure it remains competitive in the market. A weekly update from last week shows there are over 1,250 projects building on the network and $69.1 million in transactions.
It is an illustration of the network’s commitment to improving the Cardano blockchain in spite of its categorization as a security by the US Securities and Exchange Commission (SEC). The revelation was made earlier this month when the SEC accused Binance and Coinbase of listing and selling securities without a license. One of the tokens named by the regulatory agency was Cardano’s native token ADA.
Cardano technical update to trigger ADA
The latest technical update is set to inspire ADA after a troubling couple of weeks. Although ADA has found stability since the initial shock when the SEC came after it, ADA is still struggling to maintain a bullish outlook. According to our data, ADA has lost around 8 percent in the last 7 days. Trading for $0.2583, in the last 24 hours, the asset has only recorded a marginal change of under 1 percent.
Technical analysis shows that the next resistance for ADA is the 10-day Exponential Moving Average (EMA) at $0.2726. With the latest technical upgrade and the crypto community determined to fend off the SEC, ADA is long-term bullish.
Recently as CNF reported, Cardano co-founder Charles Hoskinson, called on the entire crypto community to be united to fight the government’s attack on the crypto industry in its extensive effort to launch its CBDC.
Read More: Cardano’s Founder wants crypto players to Join Forces to Counter US Government’s Chokepoint 2.0, Preserving Privacy and Reclaiming Financial Freedom
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