IOHK's Daedalus 1.0 Mainnet Release Receives Positive Responses From Cardano (ADA) Users

The Cardano Daedalus 1.0 was recently unveiled by IOHK after close to one and a half years of developing the codebase via high assurance code. The response from the users was massive as cited by IOHK top brass two days ago in a YouTube Livestream.

Cardano’s CEO and co-founder, Charles Hoskinson during his YouTube Livestream titled Few Updates revealed that the huge loads on the relays were evidence that a large number of users were making upgrades, indicating that the users were able to successfully sync their accounts which they used as a benchmark for the market response.

“Terabytes of data are flowing. So that is a good indication that people are able to sync and it looks like Daedalus 1.0 is a great success.”

Notably, the full node wallet, IOHK's Daedalus 1.0 gives the users the ability to download their whole transactional ledger whilst validating every transaction automatically, unlike the previous wallet. This was essential in their path towards achieving full decentralization as they look to do away with reliance on a third party for transaction validation.

According to Hoskinson, Daedalus had found a way to reduce wallet restoration time to a mere 20 minutes, which normally took up to an hour and a half. They had used their initial 14-hour recovery time as the standard, which Daedalus 1.0 trimmed to just over 20 minutes.

“Today it took twenty minutes. We see this as a marked improvement”

They witnessed upgrading activity from even accounts that had not been accessed for more than 2 years as their relays experienced up to 2GBps a clear indicator of quick updates. The users were particularly impressed with the fast synchronization of Daedalus 1.0.

Following a similar launch protocol, as it was with their Byron Reboot Update, they intend to roll out Shelley Mainnet by the end of the 2nd quarter 2020 however they weren’t keen on pointing out the specific date. They would initially offer pilot programs before extending their support to all the users.

A recent statement by Cardano seems to show that the next testnet intends to zero in on wallet backend connection to the Cardano node.

“By doing this as a testnet we will be able to solve any issues with accounting”

Cardano (ADA) Live Price

1 ADA/USD =$0.0939 change ~ -0.80%

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$0

24 Hour Change

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You can see the full Livestream here:

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Lujan Odera
Lujan Odera
Lujan is a blockchain technology and cryptocurrency author and editor. He has worked in the field of cryptocurrencies and blockchain technology since 2015 helping him gain enough experience to be the writer he is today. He is known for his simple writing style that allows novices to understand the field in the simplest way.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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