📢 The ProPicks AI strategy to watch when Tech rally slows down. It did 2X the S&P in July!Unlock AI Insight

Cardano Catalyst Testnet Goes Live, Here's Its Significance

Published 2023-08-25, 11:30 a/m
Cardano Catalyst Testnet Goes Live, Here's Its Significance

U.Today - The Cardano blockchain protocol has made another significant move as it has the Catalyst testnet for members of the public.

Essence of Project Catalyst testnet

The blockchain start-up behind the innovation, Input Output Hong Kong (IOHK) made the revelation on the X platform earlier today and said members of the public can now download the Catalyst code and actively participate in testing new features alongside the IOG Catalyst development team.

Cardano's Project Catalyst is a that seeks to connect investors with innovative protocols in the ecosystem in a decentralized manner. Powered by smart contracts, at its core, Project Catalyst is spearheaded by the Cardano Treasury and is paraded simply as a driving engine to help expand the proof-of-stake (PoS) blockchain network.

Cardano is driving a massive growth agenda across multiple elements simultaneously. While a number of its innovations have already made their way to the public, the Project Catalyst mainnet launch is timed such that the majority of decentralized applications (dApps) on the blockchain are ready for the market.

As it is now live on testnet, Project Catalyst will receive all of the testing it requires to help improve its delivery and functionalities across the board.

More milestones underway

In its , Cardano has also released its weekly development report, which shows that a number of its other innovations recorded significant upgrades across the board. One of the most notable of these is the new version of the Hydra Head scaling solution that was launched in the course of the week.

The upgrade is labeled version 0.12.0, a significant update that brings support for Cardano node version 8.1.2. Besides Hydra, a visible makeover was done for the , which has now been designed to showcase basic compatibility with Trezor Model T devices.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.