• Mithril seeks to improve the speed and efficiency of nodes’ syncing times. 
• ADA was down by more than 10% in the last seven days, and metrics were ambiguous. 

As Cardano’s [ADA] much-awaited Mithril mainnet launch drew closer, the community started looking forward to the multiple changes and new features being brought by the protocol.

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

Input Output Global recently published a blog highlighting the meaning and importance of the upcoming update. Nonetheless, ADA’s response to Mithril’s upcoming launch did not look good, as its charts were painted red at press time. 

Mithril’s mainnet release is just around the corner.

Read this blog post to recap what #Mithril is, how it works, and how it helps with the fast bootstrapping of #Cardano nodes. ⤵️ https://t.co/TRknmLhq5q pic.twitter.com/4TJ6u35acG

— Input Output (@InputOutputHK) July 20, 2023

Cardano is awaiting a new update

Input Output Global’s tweet suggested that the Mithril launch date was coming closer. For the uninitiated, Mithril is a stake-based signature scheme and a protocol that improves the speed and efficiency of nodes’ syncing times.

In

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Author: Dipayan Mitra

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