Charles Hoskinson, CEO of Cardano, recently did a surprised AMA on Youtube on a Cardano 1.4 update.
According to the CEO, the update is progressing well with key solutions expected to take effect.
This comes at a time when Cardano is struggling to trade above $0.037. The team will be hoping that this will give Cardano the boost it needs to soar again.
So what’s going to be in the update?
Hoskinson talked about everything from technical aspects of the Cardano project to his personal life. During the discussion, he talked about the highly anticipated Cardano 1.4 Update.
According to the CEO, the update is in its regression testing and although the team had encountered several regressions, nothing was of real concern. He also added that there has been a huge amount of refactoring on the core and there would be new data solutions.
However, the biggest development update from the CEO remained the successful connection of their “Rust” code and their “Haskel” code. This will play part in the back-end of the Daedalus wallet.
In a move that might just boost Cardano’s position, the CEO announced that the update would be ready for launch late November or early December.
Cardano prices should continue rallying along with the wider market correction in the coming days. But should the Cardano 1.4 Update bring major improvements, we should see prices spike. But to be quite frank, it doesn’t seem like this is a major update.
If you want to watch the full AMA, feel free to check out the entire video below.