Cardano new wallet Daedalus 1.0 shipped

The Daedalus 1.0 has officially shipped for Cardano and according to their CEO it is receivingĀ  an overwhelmingly positive response. This is touted as a huge milestone for the Cardano ecosystem as unlike its previous wallet.

This version of Daedalus is a full node wallet meaning it can download cardano’s entire ledger of transactions to the device. So, it’s faster and it can hold more storage and in comparison a direct quote from Charles comparing the old version to the new version sync times for this new version are around 50 minutes up to an hour and a half. Wallet restoration is happening in 20 to 30 minutes now.

Functionality Improvement for Cardano

To benchmark this in comparison sync times used to be between 9 to 14 hours, in terms of recovery time it previously took 14 hours today it took 20 minutes. So, obviously huge functionality improvement for Cardano, as Cardano marches towards complete decentralization.

This step is crucial simply because it eliminates the need for a third party to validate the transaction. In fact it is the wallet that can carry out the Auto validation of every single transaction, so the Daedalus 1.0 as has shipped, they’ve been working on this for about 18 months. Obviously, this is leading to the release of Shelly, they say that’ll happen sometime this year, I’ll keep you updated.


Also Read about: Bitcoin CodeĀ 


Grayscale bought 48.4 almost 50% of all mined Ethereum in 2020

Next piece of news, new reports are coming in that Grayscale Ethereum Trust, so they buy Ethereum and then you can invest in shares of their trust. Grayscale bought 48.4 almost 50% of all mined Ethereum in 2020.

So what is Ethereum inflation rate, how many are mined?

Well, currently for Ethereum when a block is successfully mined on the Ethereum block-chain, a miner receives 3 ethereum as a reward.

After Constantinople miners roll will receive 2 ether on per block, as a reward because obviously, Ethereum is switching to proof of stake they say eventually just something to consider about Ethereum. It’s not necessarily good, it’s not necessarily bad, it just is grayscales buying half of all coins mined.