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Cardano Introduces New Developer-Friendly Transparent Tool

2 mins
Updated by Kyle Baird
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In Brief

  • Cardano introduces Ledger Sync, a Java-based tool, enriching the capabilities of developers in building on the blockchain.
  • Developed by the Engineering Team, Ledger Sync tackles inefficiencies in data, providing improved access to blockchain data.
  • Cardano's recent price surge breaking the $0.35 resistance, marking a significant move after 85 days, due to whales in the market.
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The Cardano Foundation has recently announced a new Java-based data provisioning tool to enhance developers’ experience building applications on the Cardano blockchain.

“The framework will be released under an open source license to equip developers and partners with an additional tool for chain indexing, increasing the diversity of the Cardano developer ecosystem,” the statement noted.

Cardano Project Led By Engineering Team

The Cardano Foundation recently announced in a blog post that its engineering department is taking the lead in developing a provisioning tool to enhance access to data on the Cardano blockchain.

“The Cardano Foundation’s Engineering Team has recently taken on the work of developing a Java-based data provisioning tool called Ledger Sync, which gives access to Cardano blockchain data.”

Learn more: How To Mine Cardano and Earn More Coins

According to the statement, a common issue encountered by numerous blockchain-based systems is the inefficient retrieval of data in a random access manner. This problem arises due to the storage organization, which typically follows a linked list format.

Improving Access to Cardano Information

Meanwhile, it explains that up until now, to access the transactions stored in block number 200 on Cardano, an application would have to iterate over the first 199 blocks before reaching the block that contains the desired information. 

Furthermore, if a blockchain network continuously expands, this approach becomes infeasible.

“Cardano, for instance, currently has more than 9.5 million blocks minted on mainnet.”

It was recently revealed that Cardano now leads crypto development activity across the globe. According to Santiment, Cardano leads the pack ahead of Polkadot (DOT) and Kusama (KSM) in the top 3.

At the time of publication, Cardano (ADA) price stands at $0.37.

ADA Price Chart 1 Month. Source: BeInCrypto
ADA Price Chart 1 Month. Source: BeInCrypto

However, this comes amid Cardano’s price scaling the $0.35 resistance for the first time in 85 days. BeInCrypto pointed out recently that Cardano whales sprang into action in late October. Reportedly, they bought up 80 million ADA within the last 14 days.

Learn more: How To Stake Cardano (ADA)

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In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.

Ciaran Lyons
Ciaran is a cryptocurrency journalist based in Sydney, Australia. He particularly enjoys writing about CBDC developments and the practical implementations of cryptocurrency in real-world scenarios.