Cardano Reports An Important Milestone – Mainnet Update Is Proceeding To Plan

Cardano is in the spotlight again after the team behind the project reported an important achievement. Check out the post that they shared on Twitter.

SOFTWARE UPDATE: We are delighted to report that we have just successfully submitted the ‘Mary’ HFC update proposal for the #Cardano Public Testnet, to take effect February 3rd 20:20:16 UTC. Mainnet update still proceeding to plan #ADA @cardano

— Input Output (@InputOutputHK) January 29, 2021

The announcement was received with positive feedback by the Cardano community, who hopped in the comments to congratulate the team for the achievement.

Regarding the price of Cardano today, well, at the moment of writing this article, ADA is trading in the red, and the digital asset is priced at $0.3471.

Cardano will have a powerful impact on the DeFi ecosystem

Cardano continues to make headlines these days for all the achievements that the project is making. Now, the team behind the project is addressing the impact that Cardano will have on the DeFi movement.

Check out the announcement that has been posted on Twitter:

#Cardano could soon begin to have a profound impact on today’s DeFi landscape. Read our latest blog post to learn how.https://t.co/t6QL5fa5IW pic.twitter.com/Guqm01RgrJ

— Cardano Foundation (@CardanoStiftung) January 27, 2021

In the original blog post, Cardano explains the drawbacks of DeFi and the ways in which Cardano can help.

“DeFi has had a baptism of fire. Spiraling fees, smart contract exploits, and tales of significant user losses have necessitated a focus on improved DeFi infrastructure and processes—ones based around transparency, true decentralization, and high assurance,” the notes read.

Not too long ago, IOHK dropped a new announcement on their social media accounts about opening the proposal refinement stage for Project Catalyst Fund3.

Check out the post that the team behind the project dropped on social media.