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Cardano Unveils Girolamo: AI Chatbot Revolutionizes Blockchain Interaction

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In a groundbreaking move, Cardano GPT has introduced Girolamo, an innovative AI-powered chatbot, marking a significant stride in the fusion of artificial intelligence with the Cardano blockchain. This pioneering development unveils the first internet-enabled generative chatbot, set to redefine user engagement through its beta testing phase.

Girolamo, a chatbot named after the renowned Italian mathematician and physician Girolamo Cardano, is poised to provide a comprehensive range of responses to diverse queries. The chatbot could address industry-specific topics and everyday inquiries precisely and accurately. In addition to textual responses, Girolamo’s capabilities extend to creating and interpreting images, amplifying their utility and versatility. With its broad scope of knowledge and advanced functionality, Girolamo is an invaluable resource for a wide range of users seeking reliable and efficient assistance.

Cardano’s Trailblazing Integration

The significant advancement in integrating AI could be traced back to 2021 when Grace, an AI robot, was introduced. Awakening Health, a collaboration between Hanson Robotics and SingularityNET, Cardano’s blockchain associate, created it. The recent launch of the AGIX converter bridge is a cornerstone achievement that exemplifies the crucial fusion of blockchain and AI technologies, underscored by SingularityNET and Cardano’s partnership.

Cardano’s visionary founder, Charles Hoskinson, invited Sam Altman, CEO of OpenAI, signaling a potential partnership to explore innovative avenues. Hoskinson envisioned a collaborative its partner chain, emphasizing the platform’s commitment to technological advancement.

Simultaneously, Cardano’s Lace, a lightweight wallet, accelerated to version 1.7.1. The update addressed connectivity concerns with dApps and improved interactions with ADA handles. This demonstrates the team’s dedication to enhancing user experiences by refining the wallet’s functionality.

The Mithril team has reached a significant milestone in the ecosystem by decentralizing Mithril networks. This achievement was made possible through successfully implementing the “first” prototype of the Mithril relay. The Mithril relay enables peer-to-peer signature broadcasting, thereby promoting greater decentralization.

Amidst the recent advancements, Cardano is preparing for a significant voting event by leveraging the power of CIP-1694 to assess the progress of both on-chain and off-chain governance. A snapshot of participating wallets, taken on November 21st, has set the stage for the upcoming voting process, which is scheduled between December 1st and December 11th. This event marks a critical juncture in the decentralized decision-making process.

Cardano’s Trillion-Dollar Thesis Resurfaces In HoskSaid

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Charles Hoskinson, the founder of Cardano, has consistently advocated the idea that the layer-1 blockchain could evolve into a trillion-dollar company. This notion has recently taken center stage on HoskSaid, a platform established by the founder to foster direct interaction between himself and users. Hoskinson envisioned the cryptocurrency industry transitioning from billions to trillions, and he identifies key drivers behind this anticipated growth, with demographics being a primary factor.

Cardano
Cardano's Trillion-Dollar Thesis Resurfaces In HoskSaid 2

Earlier, he pointed out that individuals under the age of 35 are statistically more likely to own cryptocurrency than traditional assets like bonds, stocks, or gold. He emphasized that as this demographic group ages, their increasing wealth will drive greater interest and investment in the cryptocurrency asset class. Additionally, he anticipated governments embracing blockchain technology and incorporating it into vital systems such as voting and property registration, thereby enhancing the overall value influx into the industry.

Moreover, with more regulatory clarity, institutional investors would inject billions of dollars into the cryptocurrency space. Hoskinson believes that Cardano is strategically positioned to capture a substantial share of this evolving landscape, although he acknowledges the uncertainty regarding the timeline for such growth.

Cardano: Tussle With SEC

Despite the positive outlook, recent legal developments have cast a shadow over Cardano and other cryptocurrencies. The SEC’s lawsuit has classified ADA and Solana [SOL], among others, as securities. Hoskinson expresses frustration with the SEC’s stance, emphasizing that ADA’s initial sale in Japan through vouchers in 2017, later converted into ADA through an airdrop, occurred outside the United States. He asserted that these facts, which are inconvenient for the SEC, should be duly considered.

Hoskinson, a co-founder of Ethereum, launched Cardano in 2015 as an open-source, public blockchain. The project gained the moniker “Japanese Ethereum” due to its initial coin offering [ICO] in Japan, which marked one of the region’s largest ICOs at the time. ADA quickly ascended to prominence among cryptocurrencies by market valuation.

While the SEC’s legal actions have created turbulence in the crypto community, Hoskinson remains optimistic about Cardano’s long-term prospects, emphasizing the importance of factual accuracy in regulatory considerations.


Cardano And Altman Join Forces To create Decentralized Language Model

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The co-founder and CEO of Cardano, Charles Hoskinson, has invited Sam Altman, the former CEO of OpenAI, to collaborate on a groundbreaking project. The project aims to create a decentralized large language model (LLM) that integrates into the Cardano partnerchain.

This invitation comes after Cardano recently announced it would incorporate the Polkadot stack into its partnerchain. Using the Polkadot stack shows Cardano’s commitment to harnessing cutting-edge technologies and interoperability within its blockchain infrastructure.

The Polkadot stack is a modular framework that lets developers build customized blockchains that can communicate and exchange value with other chains. By adopting the Polkadot stack, Cardano seeks to enhance its scalability, security, and innovation.

Decentralized Large Language Model: A Game-Changer

The decentralized large language model, a key focus of this collaboration, has immense potential to revolutionize how language gets processed and understood within blockchain. Adding Altman, a prominent figure in artificial intelligence and machine learning, substantially boosts the project’s credibility.

Large language models like GPT-3 and DALL-E have shown remarkable ability to generate natural language and images from text prompts. However, these models are centralized and controlled by a single entity, raising concerns about data privacy, bias, and censorship.

A decentralized large language model, on the other hand, would distribute ownership to the community, ensuring transparency, fairness, and diversity. Such a model could enable applications like decentralized chatbots, content creation, and education.

Cardano And Altman: A Powerful Synergy

As one of Ethereum’s five founding members, Hoskinson’s involvement underscores his deep understanding of blockchain technology. This expertise positions him to lead blockchain platform in exploring new horizons.

The partnership between blockchain platform and Altman, known for his forward-thinking approach and transformative work at OpenAI, has the crypto community excitedly anticipating what’s next. The synergy between Altman’s AI expertise and Cardano’s commitment to decentralized solutions makes a compelling case for the blockchain’s future.

As Cardano continues establishing itself as a trailblazer in crypto, collaborating with Altman is a strategic move towards fostering innovation and pushing the boundaries of what’s possible in decentralization. The intersection of Altman’s vision and Cardano’s tech is poised to leave a mark on blockchain and decentralized language models.

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ADA’s Crucial Test: Analysts Predict 100% Surge & Long-Term Soar to $35

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Cardano’s native coin ADA has demonstrated resilience, surging from a low of $0.25 to a near $0.4 high before experiencing a correction. Despite not being the top gainer in the crypto market, ADA’s positive trajectory has been maintained, even during a broader market dip. However, a significant obstacle seems to hinder Cardano’s ascent to a new yearly high.

A crypto analyst, CobraVanguard, shared via X post, has identified a falling wedge pattern as the primary factor limiting ADA’s potential for a full-blown rally. This pattern has materialized as Cardano’s price retraced and subsequently recovered, presenting a crucial obstacle for Cardano to overcome.

CobraVanguard’s analysis indicates that breaking out of this falling wedge pattern could trigger a substantial rally for ADA, with a price target set above the $0.7 level. The projected upward movement suggests a potential 100% increase from the current level, positioning Cardano on a recovery trajectory reminiscent of other successful altcoins like Solana (SOL).

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Source: Tradingview.com

The analyst outlines an initial recovery target at $0.57, anticipating a minor retracement before a surge toward the $0.78 mark. Resistance is expected just below $0.8, marking a crucial threshold for Cardano’s bullish momentum.

While Cardano’s bull case gains momentum, large investors, commonly referred to as ADA whales, actively participate in the network. According to data from IntoTheBlock, the number of transactions involving $100,000 or more on the Cardano network significantly increased from 4,320 on November 15 to 6,110 on November 16.

Correspondingly, transaction volumes for these large investors surged from $7.2 billion to over $10.46 billion, involving more than 27.2 billion ADA. These trends suggest that the anticipation for a bullish run extends beyond smaller investors, indicating that whales may strategically position themselves for potential profit-taking opportunities.

Cardano (ADA) Long-Term Price Forecast

Adding to the optimistic outlook for Cardano, Fiery Trading presents a bullish prediction for ADA, forecasting an 8,800% rise to $35. The analyst contends that ADA has already hit its bottom last month, citing a parallel channel formed by drawing a line between two bull-market tops and extending it to the bottom of the Corona dump.

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ADA's Crucial Test: Analysts Predict 100% Surge & Long-Term Soar to $35 5

According to Fiery Trading, this bullish pattern could propel Cardano towards a new all-time high, although the analyst expects the next market top to occur around 2025.

Cardano’s current market dynamics, bullish predictions, and increased whale activity suggest a potential surge for ADA, contingent on breaking out of the falling wedge pattern. Cardano’s next move awaits the cryptocurrency market as it navigates the path to a new yearly high.

Additionally, a well-known crypto analyst expresses optimism about Cardano ($ADA). My prediction is that Cardano will achieve a value between $30 and $35 by the year 2025. Feel free to save or bookmark this tweet for future reference.

Note: The details on this page about markets and instruments are like a sneak peek – just info, not a nudge to buy or sell. Before diving into investments, dive into your own research pool.

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Cardano’s Cutting-Edge Innovations Shine Bright At Summit 2023

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In the world of Cardano, exciting developments are taking center stage as the Cardano Summit 2023 unfolds. IOG teams are actively participating in this annual event, offering keynotes, panels, and masterclasses and showcasing a range of innovative products and services.

The networking team has been hard at work, focusing on bootstrapping peers, investigating CI processes, and testing protocols and connection manager functionality. They have also released a new version of the ouroboros-network packages to CHaP.

Meanwhile, the consensus team has been tackling two critical areas. Firstly, they’ve addressed the survivable eclipse duration, which is crucial for supporting Genesis delivery. Additionally, they’ve improved the handling of blocks in the future. Notably, they’ve made significant progress in developing the UTXO-HD branch, enabling a node to sync with the mainnet up to the Alonzo era.

A regression in mempool snapshotting was also addressed through a ledger update and is set to be fixed in the upcoming node v.8.6 release.

Nami Joins Cardano’s Ecosystem

In a notable development, Nami, the non-custodial wallet platform created by Alessandro Konrad, has joined the Input Output Global product family. The Lace team is at the Cardano Summit, engaging with the community and addressing data-fetching issues for better token conversion support.

The Plutus tools team has been active, working on Marconi API queries, Cardano-node-emulator testing, and improving user documentation. The Plutus Core team made efficiency improvements to the equality comparison on the PlutusTx value.

Moreover, the Marlowe team has worked hard on various fronts, creating multiple versions of transactions in TS-SDK and enhancing Marlowe Playground functionality. They’re also conducting workshops at the Cardano Summit to explore the suite of tools and safety features Marlowe offers.

Hydra has fixed issues related to key generation and rewritten hydra-tui. They’ve prepared for their Cardano Summit presentation, including implementing the `hydra-poll` example DApp.

Meanwhile, the Mithril team is making strides in decentralizing Mithril networks and achieving full WASM compatibility in a proof of concept. They’ve also addressed unreachability issues on the release-mainnet aggregator and improved Docker image builds.

In Project Catalyst, preparations for Fund11 are in full swing, and the team is gearing up for the Cardano Summit, with more details expected next week. They’ve also implemented new technical updates, including preparing the mobile app and backend for Fund11.

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Cardano Market Cap Grows By 9% In 24 Hours, Onchain Activity Signals Bullish Momentum

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Cardano has taken center stage in the cryptocurrency world this Thursday, making headlines with an impressive surge in its market capitalization. Over the past 24 hours, Cardano’s market cap has soared by an impressive 9%, and over the last two weeks, it has witnessed a remarkable 36% increase. 

According to data from Santiment, the surge in Cardano’s on-chain activity was a clear precursor to this bullish movement, with the number of ADA addresses and whale transactions hitting their highest levels in over three months.

However, as the sun sets on Friday, ADA has experienced a slight reversal. It is currently trading at $0.3168, marking a 2.43% daily increase and an almost 12% gain in the weekly chart. The trading volume over the past 24 hours has also spiked, showing a 28.89% increase and reaching $461 million.

ADA 1D graph coinmarketcap 1
Source: CoinMarketcap

The network’s journey through the third quarter of 2023 has been marked by significant advancements, particularly in the realms of interoperability and core infrastructure. The Cardano DeFi sector stands to benefit greatly from these developments, with expectations of increased activity and Total Value Locked (TVL).

The State of Cardano in Q3 2023 presents a host of noteworthy insights. Notably, Cardano’s stablecoin value has seen a 16% increase Quarter-over-Quarter (QoQ) and an astonishing 461% Year-to-Date (YTD) growth. Native stablecoins like iUSD initiated this momentum, but it gained further traction in Q3 with the introduction of bridged versions of USDT and USDC by Wanchain.

Cardano’s Total Value Locked (TVL) remained relatively steady on a QoQ basis but soared by 198% YTD. This impressive performance propelled Cardano’s TVL ranking among all blockchain networks from 34th at the beginning of 2023 to an impressive 15th place.

Project Catalyst Fund10 marked a significant milestone, having successfully funded 192 projects from the Cardano Treasury with a fund pool of 50 million ADA. 

Cardano Price Predictions & Sentiment

Nevertheless, for those eager to glean insights from technical analysis and price predictions, as per CoinCodex, currently, the general ADA price prediction sentiment is neutral, with 21 technical analysis indicators signaling bullish signals and 12 signaling bearish signals. Over the last 30 days, ADA has seen 16 out of 30 (53%) green days, with a 7.64% price volatility, indicating the market’s dynamism.

ADA’s future price is the subject of great interest, with predictions indicating a potential rise of 2.65% to reach $0.328196 by November 7. Additionally, technical indicators suggest that the current sentiment is “Neutral,” while the Fear & Greed Index registers at 65, signaling “Greed.” 

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Cardano’s Q3 Performance: 461% Growth & $1.39 Billion ADA Treasury Balance

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Cardano continued to make significant strides in the third quarter of 2023. With notable developments in interoperability and core infrastructure, Cardano’s future appears promising.

One of the key highlights from the State of Cardano report for Q3 2023 was the impressive growth in its stablecoin value. There was a 16% increase­ from quarter to quarter and a huge 461% increase for the year so far. The­ first push came from native stablecoins like­ iUSD. Then, Wanchain brought versions of well-known stable­coins USDT and USDC, pushing growth higher in quarter three­.

The TVL remained steady over the quarter but witnessed a remarkable 198% increase in YTD figures. Notably, Cardano’s TVL ranking among all blockchain networks climbed from 34th at the start of the year to 15th, indicating a substantial rise in the network’s prominence.

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In Q3, Cardano’s governance phase, known as Voltaire, gained momentum with the launch of SanchoNet and Intersect. SanchoNet, a testnet for on-chain governance, and Intersect, a Cardano member-based organization, are expected to play crucial roles in the governance of the network.

The financial analysis revealed that its revenue experienced a decline of 29.9% QoQ due to fluctuations in transaction fees, primarily influenced by users’ urgency to transact. Despite this decline, its Treasury balance increased by 7.2% QoQ to 1.39 billion ADA.

Cardano ADA’s Price and Yield Analysis

Cardano’s native asset, ADA, encountered a 9.5% QoQ price decline, consistent with the overall crypto market trend. The nominal staking yield for ADA delegators remained at 3.3%, and the real yield was 3.34%. Cardano’s transaction fees saw a notable decrease in average transaction fees (USD), dropping from $0.13 to $0.10 QoQ.

Moreover, the network’s performance in active addresses and daily transactions revealed a decrease, with daily active addresses dropping 28.9% QoQ. The Transaction / Active Address ratio increased by 23.4% QoQ, indicating that despite fewer active addresses, the network’s power users were more engaged.

The blockchain load decreased from over 50% in Q2 to roughly 40% in Q3. Additionally, new development languages and toolkits like Aiken improved execution speed and memory efficiency.

The ecosystem witnessed steady growth in stake pools and delegators, contributing to the network’s decentralization. However, stake and delegator distribution remained somewhat unbalanced among the total pools.

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Nevertheless, Cardano’s continued progress in Q3’23 suggests a promising future, with infrastructure enhancements, growing DeFi potential, and the rise of various stablecoins contributing to the network’s overall growth and sustainability.

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Cardano (ADA) Gains 35% Against Ethereum (ETH) Since June, Still Affordable: Analyst

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Crypto analyst Carda Nostra made a noteworthy observation recently, indicating that Cardano’s native cryptocurrency, $ADA, has surged by a substantial 35% against Ethereum’s native cryptocurrency, $ETH, since the month of June. Despite this significant price increase, Carda Nostra emphasized that $ADA remains remarkably affordable in the current market.

Carda Nostra further elaborated on the rarity of this opportunity, pointing out that the last time such an advantageous exchange rate from Ethereum to Cardano was available was nearly six years ago. This comparison underscores the unique circumstances surrounding the current price dynamics between these two cryptocurrencies.

However, for individuals who still hold positions in ETH, Carda Nostra’s message serves as a clear call to action, suggesting that this window of opportunity may not come around again in the foreseeable future.

Cardano (ADA) Price Analysis

In the current market, Cardano’s performance is indeed noteworthy. At the time of reporting, ADA is trading at $0.2987, showing a 1.67% increase in the last 24 hours and an impressive 12% gain in the past week. This bullish trend is causing many to speculate on the potential for ADA to reach new heights in the coming days.

ADA 7D graph coinmarketcap 5
CoinMarketcap

Analyzing Cardano’s monthly chart, it is evident that the token has reached its highest price point for the month, a substantial increase from the low of $0.2414 observed on October 19th. 

The next crucial level for Cardano is the resistance point at $0.3, a price not seen since August 10th. While reaching this level may appear feasible, a recent rise of over 43.18% in the trading volume suggests an increase in buying activity.

ADA 1M graph coinmarketcap 1
CoinMarketcap

Despite the uncertain market dynamics, Cardano’s metrics are showing positive signs of improvement. Notably, the wallet profitability metric, which had previously indicated that most investors were in losses earlier this month, has shown improvement. Currently, only 71% of addresses are underwater, signifying a positive shift in the investor sentiment surrounding ADA.

Cardano’s recent performance against Ethereum and its overall bullish momentum suggests that it may be poised for further gains. However, the path to $0.3 is challenging, as evidenced by recent market fluctuations. Nevertheless, the cryptocurrency’s improving metrics provide a glimmer of hope for ADA enthusiasts.

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Cardano (ADA) Price Analysis: Two Months Of Uncertainty Above $0.24 Support

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Cardano (ADA), one of the leading cryptocurrencies, is currently facing a period of indecisiveness in the market. For over two months, the ADA price has been fluctuating above a critical yearly support level of $0.24. Despite notable price swings, the market seems uncertain about the coin’s future direction. Analysis of the daily chart suggests that this indecision phase is forming a symmetrical triangle pattern, which may provide insights into the coin’s near-term trajectory.

ADA 1D graph coinmarketcap 8
Source: Coinmarketcap

In response to the recent market downturn, ADA’s price retreated from its October 6th high of $0.267 to its current value of $0.246, marking a 12% decline. This drop has brought the coin back to the lower boundary of the symmetrical triangle, where buyers are striving to reignite bullish momentum. 

The resilience of this support level, which has prevented significant downward moves on multiple occasions over the past four months, should not be underestimated. Maintaining support above this lower trendline could lead to a modest 5.5% upswing towards the triangle’s upper boundary at approximately $0.258.

ADA 1M graph coinmarketcap
Source: Coinmarketcap

As long as the symmetrical triangle pattern remains intact, ADA’s price is likely to continue moving sideways. However, a successful breakout above the triangle could trigger a 15% rally, pushing the coin toward the $0.3 milestone.

Market analysts, including Ali Martinez, believe Cardano may remain in a consolidation phase until mid-2024. Drawing parallels with a previous consolidation period from 2018 to 2020, there is a possibility that history might repeat itself. Cardano experienced significant price movements during that time, with a strong rally followed by a prolonged consolidation phase. The cryptocurrency’s historical data shows that it is no stranger to such cycles.

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Cardano Development Activity Surges

While Cardano has faced criticism recently, primarily related to a decline in profitable addresses, the project remains focused on long-term growth. The development activity on the Cardano blockchain has surged, surpassing other notable projects like Polkadot and Kusama in terms of GitHub commits. With this impressive level of developer engagement, Cardano demonstrates its potential and commitment to expanding its utility, which bodes well for mainstream adoption.

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Cardano’s price remains uncertain within a symmetrical triangle pattern, with the potential for both upward and downward movements. However, its historical data suggests that it might stay in a consolidation phase until mid-2024. Despite recent challenges, Cardano’s strong development activity signals confidence in its long-term prospects and commitment to growth in the ever-evolving cryptocurrency landscape.

Cardano’s Bright Future: Bold Predictions & Development Highlights

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Cardano has been in the spotlight in recent days due to the bold predictions made by analyst Ali. Ali’s forecasts suggest that ADA, the native cryptocurrency of the Cardano network, could experience a remarkable surge in value, potentially reaching a staggering 2,500%. This prediction has sparked excitement and anticipation within the Cardano community.

In a tweet made on October 12th, Ali drew parallels between Cardano’s current consolidation trend and a similar phase observed between 2018 and 2020. If history were to repeat, ADA might remain in this consolidation phase until July 2024. 

However, Ali also suggested that barring unforeseen events such as the COVID-19 market crash, ADA could break out as early as December, offering hope to investors and enthusiasts.

While spe­culation regarding the price of ADA continue­s, the Cardano network stays dedicate­d to its development e­fforts. On October 14th, Cardano released their weekly de­velopment report, which highlights the­ progress happening behind the­ scenes. This report provide­s an overview of the activitie­s carried out by various teams throughout the we­ek.

Cardano’s Weekly Development

The ne­tworking team examined the­ functionality of bootstrap peers and analyzed the­ performance of typed protocols. Me­anwhile, the performance­ and tracing team conducted evaluations on UTXO-HD and de­vised strategies for future­ benchmarks of Plutus v3. Additionally, they rele­ased Lace v1.6, an update that allows use­rs to personalize their multi-staking ratios while­ simplifying the setup of the re­covery phrase.

In addition to these developments, several teams are actively working on various aspects of Cardano’s ecosystem. The Plutus tools team focuses on the new Marconi API, Cardano-node-emulator testing, and the transition of Marconi into a Cardano node. The Plutus Core team has published a Quick Start guide for developers using Plutus Tx to create smart contracts.

The Marlowe team has been busy implementing an API compatible with the Playground TS, working on vesting DApp functionality, and creating a contract lifecycle API. The Runner development team has updated the style, resolved issues, and improved the deployment process.

The Hydra team has released version 0.13.0, which includes various fixes and extensions. They have also increased head availability and are supporting Catalyst projects interested in building on Hydra. Furthermore, they have updated and published security and vulnerability disclosure policies for Hydra.

The Mithril team is working on distributing the Mithril client as a library and addressing bottlenecks in their system. They are also making infrastructure improvements, including the activation of Cloudflare.

Moreover, several other developments can be seen in the weekly report. However, these developments mark significant milestones in the network’s journey towards a more robust and inclusive blockchain ecosystem.

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