Charles Hoskinson, the founder of IOHK of which Cardano [ADA] is a product from, is known for his updates from absolutely casual environments and informal talks from his car. He is now in Hawaii, on a ‘workation’ from where he spoke briefly about few updates on Cardano.
They successfully launched the KEVM test net and Cardano 1.2 both of which were greatly successful. They according to the community has been well adopted because they have been receiving a lot of bug reports. Charles calls it a “really good sign”.
They are now getting ready for the next test net update which is the IELE update for which he will fly to the University of Illinois Urbana – Champaign, where his small team is already waiting to discuss some last-minute details for the IELE test net launch.
KEVM was launched before IELE because structurally, it is very similar to their plan of launching IELE and they wanted to make sure that there was a nice base for comparison. The founder hopes to get the next test net out somewhere in July which looks like their target window or if possible earlier than that.
IELE ships with its own language – programming in C will feel like home. They also plan to ship it with the solidity compiler to compile it with KEVM or to IELE or to both. This is on the horizon and will be coming out soon.
Right after this, Charles will be flying out to Scotland, Edinburgh to begin conversations with scientists about their Ouroboros Hydra and a series of conversations about linking Cardano-SL (settlement layer) and Cardano-CL (computation layer) together to make it a multi-layer protocol as he has mentioned previously.
Looking into the development roadmap, Cardano-CL has just started to get into the actual testing phase and people are starting to use it. The good news is that the model is rapidly evolving which at the end of the day is not going to be development restricted rather it will be waiting for integration with Cardano-SL.
To accommodate this, they need to make some changes and merge stakes so multiple blockchains can be maintained at the same time with the same algorithm. The founder claims that they have a pretty good idea of how to do that and they only have to write the code for that.
Moving from SL to CL also would be easy with their confident of a really good implementation idea. They have to next start conversations on how to move it from laboratory to production. “This is going to be a very long laborious series of conversations”, says Charles.
Cardano 1.3 and Cardano 1.4:
For Cardano 1.3, their development cut-off will occur sometime in June. June 14th-15th ideally, which means it will go to the QA cycle similar to how the cut-off for features for Cardano 1.2 was in April and was released in late May. Users can anticipate something very similar to that.
Cardano 1.3 and 1.4 are all about improvement to the stacks and betterment of the underlying reliability of wallet codes. Noting the recent formal specification written to the Cardano-SL wallet, the team has actually been implementing it.
They have two parallel teams, one working on verification and the other on systematically implementing it, both being successful. They are expecting the implementation in Cardano 1.4 and a lot of network improvements will be witnessed in both 1.3 and 1.4 versions. In the lab, they have been showing 400% improvements.
Hence, 1.3 and 1.4 should definitely help with better networks and fixed issues. Once the wallet backend is installed into the code base, they are expecting a very good performance and higher scalability on air-price deployments and exchange deployments. So, for power users who have tens and thousands of addresses that users are maintaining and a lot of transactions in an exchange like Binance or Bittrex, it will definitely help.
They are still working on the data layers and network stacks as noticed during the installation of Daedalus which takes up a lot of space due to some poor design choices made by the contractor they were working with. The next update from the CEO will be with the RV team, design manager, and the project manager from Illinois Urbana-Champaign University.
“Lots of things coming, we are working really hard on different things. More listings coming and people are excited that they can actually write smart contracts in Cardano paradigm. We really hope we can include this update because it is on the other side of our smart contract paradigm.”
This involves an extension of the UTxO models and doing a bunch of things involved in UTxO styled smart contracts. This is a distinctly different style of a model than the way a person would write the Ethereum style smart contract. So, this is completely new and an innovation that they can bring into the cryptocurrency space which has been under discussion for a long time.