Ethereum and Cardano developers recently announced new upgrades. In terms of ADA, the new Hydra version will be compatible with the Mithril protocol and may have a positive effect on the price. The Ethereum team provides updates from Devnet-8 and the Holesky testnet.
Ethereum developers share details of Holesky updates
Ethereum core developers recently met at the Execution Layer Meeting. Some test updates from Devnet-8 and Holesky testnet emerged from the meeting. However, Devnet-8, the testnet for the Cancun upgrade, was recently released. We’ve covered what you need to know about Cancun, which will be the next big upgrade for Ethereum, in this article from Kriptokoin.com.
Parithosh Jayanthi from the Ethereum team reported that there are updates to be shared about Devnet-8 and the Holesky testnet at the meeting.
https://twitter.com/parithosh_j/status/1691927807230677133
Another core developer, Tim Beiko, shared the official date for the Holesky mainnet:
The Holesky mainnet will most likely launch around September 15, 2023. This upgrade will replace Goerli as the staking, infrastructure and protocol developer testnet. “We want to bring test updates from Devnet-8 and Holesky updates (We have tested 1.4 million validators and over 1 billion Ether in the network and we want to recommend the same for Holesky).
Cardano Hydra v0.12.0 is now live
Following Ethereum, the Cardano team is also implementing new spikes. According to Nagel’s brief from the Cardano team, the highly anticipated upgrade will be compatible with the Cardano Node v8.1.2 client as well as the newly introduced Mithril protocol developed by Input Output Global (IOG).
Cardano Hydra v0.12.0 first went live on the mainnet on July 30. It is basically designed to revolutionize the processes involved in synchronizing node operators in Cardano and make them more developer friendly.
New #Cardano #Hydra release: version 0.12.0
– Support cardano-node 8.1.2 + Mithril bootstrapping
– New API endpoints
– Improved off-chain performance and securityJust in time for our Hydra master-class next week at #RareEvo23 and online. Register here: https://t.co/OoSkPDtjqG
— Sebastian Nagel (@ch1bo_) August 18, 2023
The official announcement includes the following about what will change with Hydra v0.12.0:
This new version also brings additional functionality related to Application Programming Interfaces (APIs) to Cardano Hydra. The Tier-2 scaling solution will start running new API endpoints, making it much more accessible to Web3.0 developers and researchers.
(In addition to these features, the Hydra upgrade came with some code optimizations to improve Hydra’s on-chain performance and security. More details, Rare Evo 2023, set to be held August 24-26 in Denver, Colorado. It will appear.)
The effect of the rises on Ethereum and ADA prices
The crypto market has been bearish since August 18. In addition to the sales in the US financial markets, SpaceX’s sale of Bitcoin was effective in the decline. Ethereum, on the other hand, is preparing to price developments around the ETF. Therefore, the ETH price could energize the bulls again with the news of a potential Ethereum-based futures ETF approval. Previously, there was speculation that the SEC might approve Ethereum ETFs.
On the other hand, ADA price is watching the impact of the new Hydra v0.12.0 rise. Meanwhile, the Cardano team has recently released a toolkit called Aiken. The ADA price gained around 6% after this development. It is currently trading in the $0.2703 region where it continues its sideways movements.
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