According to Charles Hoskinson, Cardano 1.4 is the most significant update on the blockchain since its launch.
After seven release candidates and a huge amount of QA work, I'm pleased to announce that our best effort release date for Cardano 1.4 is December 18th. Daedalus users will get an in-client update notification next week. Thanks everyone for your patience and support
— Charles Hoskinson (@IOHK_Charles) December 14, 2018
The announcement for the roadmap for the latest version says that:
“Three principles that guide the development of the roadmap are: first, the growth of the community and its needs; second, a distributed and resilient network true to the original vision of Satoshi, and third, balancing the pace of research and development so commercial advantage does not win out over the application of scientific rigor.”
Hoskinson further added:
“The issue is on ledger’s side, not ours. We are working with Emurgo and Vacuum labs to clean up the CF mess here and will make a dedicated statement after 1.4 ships.1.4 is almost out, testnet has been released, rust cardano is making epic progress, the haskell rewrite is underway, plutusfest in a few days, Emurgo is growing and the Foundation will soon re-awaken from its long slumber. Cardano’s future is looking very bright!”
A prominent update to the blockchain is an increased streamlined storage. Currently, users require to store over a million files to have an entire blockchain. The new update narrows it down to just 200.
Cardano updates further include:
- Daedalus wallet fixes
- dapp features
- wallet backend
- decentralization improvements
- development of Plutus and Marlowe smart contract capabilities
Smart Contract functionality added by Cardano with Plutus and Marlowe, two new tools that go live on December 18th. Plutus is a “general-purpose functional programming environment for Cardano” developed by IOHK. Marlowe “provides a way for professionals in the financial industry who have no programming background to generate code and create software products.
Cardano Price In The Recent Markets
Even though there are several developments done to the network every week, the price of the product has tanked along with every other cryptocurrency.
However, the founder of the company notes that this is just in the passing. He feels that the followers of the coin are understanding of the slow process and the regulatory problems. If they keep developing on the blockchain, they’ll be alright once the volatility around the crypto ecosystem settles.