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April 28, 2022 by Lipika Deka
The Cardano ecosystem is bursting up with a lot of significant updates. Leading crypto hardware wallet provider ‘Ledger’ has recently announced a key upgrade for the ADA app which incorporates the smart contract functionality of the Cardano ecosystem.
In September 2021, the Alonzo hard fork debuted in the Cardano community and for the first time introduced the smart contract component. However, lack of compatibility has been a nagging issue in the app for more than six months.
Finally, on April 26th, Ledger announced that the ADA app had been upgraded to v.4.0.0, and the major highlight is of course the introduction of the smart contract feature to the app. The tweet read,
“The app now provides users with access to the growing Cardano decentralized finance ecosystem via ‘YoROI’ and ‘AdaLite’. Ledger also revealed that, with the upgrade, users can now sign smart contracts on the ADA app.”
Ledger was co-founded in 2014 by Eric Larchevêque, Nicolas Bacca, Joel Pobeda, and Thomas France. At present, the firm has three crypto hardware wallets under its wing. These are Ledger Nano X, Ledger Nano S, and Ledger Nano S Plus. Its headquarter is located in Paris.
Ledger’s support team too chimed in by declaring that the Ledger Live app is currently working on adding full support for the blockchain.
Besides that, the support team also cleared some doubts about the update to users.
Cardano founder’s reaction
Elated over the development, Cardano founder Charles Hoskinson cheered the crypto hardware wallet manufacturer Ledger’s announcement via tweet, saying, “Moving the chains. Great work ledger”
Recently, the leading layer 1 blockchain has increased its mainnet block size by 8K, taking note of the increment in transaction volume, and the future growth potentialities.
According to a Monday announcement by Cardano’s founding company, Input Output Hong Kong [IOHK], the upgrade was proposed last weekend. Implemented on 25th April, it has increased Cardano’s block size by 10% to 88KB, where initially it was 80KB.
Further, IOHK noted that the scalability upgrade “is the latest in a series of planned network optimizations” for Cardano in 2022. It will not only increase the network’s throughput but also ramp up the performance of DApps building atop the blockchain.
Original Source: https://www.tronweekly.com/cardano-users-smart-contracts/
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