The Key Takeaways
- Cardano activated Van Rossem in 2026 on the 18th of July, reaching Protocol Version 11 without downtime.
- Whales with 100K-100M ADA pushed the balances up to its highest level since 2023.
- Cardano moves towards Leios with a goal of 1,000 transactions per second by 2026.
This upgrade represents a change within the Conway ledger period of Cardano. The network’s governance is not changed. Plutus’s cost is reduced by using this software. Smart ContractsThe new version of the software tightens security on ledgers and includes cryptographic tools that developers requested.
Cardano The upgrade was built around five Cardano Improvement Proposals. CIP-133 introduces multi-scalar multiplicative over BLS12-381. This function allows the network to verify thousands of digital signatures simultaneously. It’s important to teams working on zero-knowledge-proofs, multisignature wallets or compliance tools which previously relied upon off-chain calculation.
Three other proposals directly target performance. CIP-138 introduces an array type native to onchain data. CIP-153 optimises the way in which the network manages multi-asset value. CIP 132 improves the list-manipulation process by introducing a new function called dropList. CIP 109 introduces a modular exponentiation operation. These changes, say developers, will reduce execution costs while allowing scripts to run more quickly.
A Direct Improvement in Security
Node Now operators are subject to a brand new rule. The stake Pools can no longer use the same Verifiable Rough Function key throughout the network. It closes off a possible attack pathway and makes every pool hold its own unique key.
Cardano The rules on ledger consistency were also tightened, in an effort to maintain The Nodes This is a transaction that aligns with the alignment of transactions The volume of the book grows. Intersect MBO – the organization that coordinates Hard Fork Working Group – tracked The stakes are a lot higher than you might think Both groups reported high levels of participation and readiness to exchange information prior to activation.
The Show Ran on Governance
Van Rossem, unlike earlier Cardano updates that followed a foundational timeline, moved from the proposal stage to activation through the onchain governance of network.
The plan was approved by delegates with 77.63% of support, exceeding the required 60%. The stake Pool operators approved it at 52.7%, which is just over the threshold of 51%. The Constitutional Committee gave it a 60-0-1 vote.
These votes were closed five days prior to the activation of the fork at the boundary of the epoch. Cardano calls this its first major upgrade that is fully controlled by voting onchain, rather than the centralized coordination of Input Output – the company responsible for much of the original network codebase.
Whales buy while traders wait
ADA Following the fork, traded at $0.16462 down by 0.88% within 24 hours. Trading volume In the same time frame, the value of the market fell by 54.81% (to $179.93 millions), indicating that traders did not react to the news.
Between 100,000 and 100,000,000 in Wallets ADA According to one report, their balances combined reached the highest levels since 2023. onchain data Santiment. Those wallets are now in control of more than 25 percent ADAThe supply of circulating currency. Smaller holders have reduced their positions during the same period.
What is the difference between The Whale The accumulation of thin trading volume This shows that the market is still trying to decide what an upgrade will cost. ADA The price is below the 200-day moving average, which stands at $0.25601; and, technical support lies near $0.16185 (a Fibonacci level). If the daily closing price falls below $0.16185, it could lead to a move towards $0.15. On Sunday, at 9:45 AM EDT ADA Trades coins between $0.1651 and $0.17 each.
The Next Chapter
Van Rossem must be completed before Cardano is launched Ouroboros LeiosThe network will test a parallelized upgrade of consensus through 2026. Leios is aiming for throughput improvements of between 30 and 65 times the current level, with an stated goal to exceed 1,000 transactions per sec.
The new features are available to developers who use Aiken or other Plutus compatible languages. Lace, a wallet provider, has shipped an update that is compatible. Stake Pool operators need to be updated node Stay in sync software with your network.
Cardano’s next test is going to be onchain activity, not price charts. Watchers pay attention to the total value locked, transaction counts and decentralized application Watch for any announcements that indicate developers have begun to implement the Plutus platform.
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Source: news.bitcoin.com
