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Cardano (ADA), ranked the ninth largest cryptocurrency by market capitalization, has announced the release of Lace 1.17.5. This serves as a transformation to the Cardano light wallet. The release of this latest version of the crypto wallet for the Cardano blockchain has significant implications for the ecosystem.

Community-centric innovation

Notably, the update focuses on improving syncing speeds and transaction data fetching capabilities. This will make the Cardano light wallet more efficient and user-friendly. Additionally, the enhancements to the wallet aim to provide a smoother experience, particularly for users who interact with complex blockchain data.

Some of the new upgrades include bug fixes involving Nami Mode, Conway Era and Shared Wallets. All of these fixes guarantee seamless use of the Cardano light wallet.

The Cardano development team acknowledged the role played by users in evolving the upgrade. According to the team, users’ feedback played a huge role, and the community has been encouraged to continue engaging for better output.

Meanwhile, the team has called on users to share their thoughts and experiences with the new update, which is now live. User feedback will reinforce the team’s focus on repetitive improvement.

Strengthening Cardano’s ecosystem

The Cardano blockchain continues to make notable improvements. As reported earlier by U.Today, Cardano recently made history by deploying the first zero-knowledge (ZK) smart contract on the mainnet. The development marks the beginning of the ZK applications on the Cardano blockchain network.

Cardano also plans to add decentralized finance (DeFi) features to Bitcoin. The company's founder, Charles Hoskinson, says the move will allow him to revisit the prior design and expand its potential.

The principal idea is to create a platform for users to interact with decentralized apps and spend Bitcoin directly. Hoskinson believes this will make things easier for users and add new features to Bitcoin's current setup.