Decoding Cardano’s [ADA] weekly report for you to avoid losses

ambcrypto.com:

The last week was quite happening for the Cardano [ADA] ecosystem as new announcements were made and upgrades got released. ADA’s price also registered a double-digit increase.

According to CoinMarketCap, ADA rallied by over 12% in the past seven days, and at the time of writing, it was trading at $0.4039 with a market capitalization of more than $13.9 billion.

Cardano also recently posted its weekly development report, which highlighted the most notable developments on the network. 

See the full report for complete details on what the IOG dev team has been up to and get the latest on our development progress: https://t.co/JvZeUuTH8z

#Cardano #blockchain $ADA

— Input Output (@InputOutputHK) February 17, 2023

Read Cardano’s [ADA] Price Prediction 2023-24

The report first mentioned the most prominent update, which was the release of the much-awaited Valentine upgrade. With its launch, cross-chain interoperability was fostered with native support for SECP, which also ensures the highest level of security for DApp development.

Apart from the Valentine update, Cardano also mentioned what different teams worked on during the last week. For instance, the Plutus team worked on the Plutus debugger, script capacity increase, and documentation.

On the other hand, the Hydra team completed work on some gaps to bring the Hydra scripts’ implementation in line with the specification, which also improved the size and cost of the scripts. In addition, Cardano also mentioned that the Mithril team released a new 2306.0 distribution that implements minor fixes.

Lastly, the report highlighted updated statistics of the ecosystem,