• IOHK has announced the introduction of Mainnet for Daedalus 1.0.0 Cardano-Wallet.
  • Cardano receives an „attractive“ rating in the Fundamental Crypto Asset Score (FCAS)

The company behind Cardano’s development, Input Output Hong Kong (IOHK), announced the introduction of Mainnet for the Daedalus 1.0.0 wallet. IOHK CEO Charles Hoskinson announced the launch on YouTube.

Daedalus 1.0.0 is the result of 18 months of hard work, as Hoskinson describes. The company has worked to reconstruct the Daedalus base code using Haskell’s high security code. In this way, IOHK is trying to offer its users the best quality and security. Furthermore, the Serokell code has been completely eliminated due to the Byron reboot:

Right now, Byron is in everyone’s hands, including the exchanges, customers and all members of the network. We are watching the relays being upgraded at 2 Gigabits per second due to the fast updates. Old customers are coming back, and we are seeing activity in the wallets that have been sleeping for two years.

In addition, we have found that synchronizing the wallet will take about 50 minutes to an hour and a half. Another improvement is related to the recovery of the wallet, which will now take about 30 minutes. In comparison, before this release, the synchronization time for the Cardano Wallet was 9 to 14 hours. Prior to the update, the wallet took just under 14 hours to restore.

The CEO of IOHK said that the release of Daedalus 1.0.0 will allow the team to focus on other areas such as support for hardware wallet ledger Nano X, paperwallets and other important projects for the future of Cardano.

In May we’ll begin rolling out the Shelley infrastructure and test networks. We will follow the same process as we did with the reboot of Byron and start with a small test group. After that more people will have access. At the end of the month there will be a presentation of new products.

Cardano receives positive ranking for improvements in recent months

The FCAS awarded Cardano an „A“ and counts it as one of the „attractive“ assets of cryptocurrencies. The FCAS rating takes the following basics into account: user activity, developer activity and market acceptance.

According to the FCAS rating, Cardano has grown in all these aspects with a market acceptance of 8.32% in the last 6 months and has achieved 806 out of 1000 points in this ranking. Cardano also scored 944 out of 1000 points in the liquidity category. In terms of user activity, Cardano achieved 793 out of 1000 points.

In all other aspects Cardano performed well and better than the average, as can be seen from the picture below, according to the Cardano Foundation:

Cardano’s overall rating of FCAS™, the developer activity and the evaluation of market acceptance show an upward trend.

Cardano ADA