Cardano’s parent firm Input Output has announced the launch of the Daedalus 5.2.0 on the main network. The latest version supports Cardano node version 1.35.4 and Cardano wallet version 2022.12.14.
The ProjectCatalyst API URL is also updated in this release to point to a new URL. This update also groups RAM sizes with similar characteristics for easy data analysis and adds Byron wallet tracking.
As per the announcement, “existing users will get a prompt to update via the Daedalus newsfeed,” but new users should only download this new release from the official website.
Finally, IOHK also warned its users that “Daedalus is a full-node wallet for desktop ONLY. If you see a ‘mobile Daedalus’ – it will be a scam trying to steal your seed phrase and your ADA!”
The warnings are not without a reason though, as Daedalus wallet users have been the target of elaborate scams in the past. For example, in August 2021, attackers attempted to defraud users out of their ADA by creating a bogus webpage that instructed them to “upgrade” their Daedalus wallets.
For those who are unfamiliar, Daedalus is an open-source, non-custodial wallet created particularly for Cardano [ADA] owners.
It adds an additional layer of protection by downloading the entire blockchain for each transaction because it is a full-node wallet.
Users of the Daedalus wallet have the ability to generate additional capital by staking their assets, making it a vehicle for both custody and income.
Recently, a Cardano crypto ecosystem contributor and developer Adam Dean has shared details on an improvement proposal called CIP-30.
According to Dean, this proposal is intended to bring web page interaction functionality to Cardano-based hot wallets, creating a bridge between crypto asset storage and decentralized applications.
On the other hand, Cardano’s native blockchain token, ADA, has flipped OG memecoin Dogecoin [DOGE] in the CoinMarketCap ranking of major cryptocurrencies.
Cardano Is The Eight Largest Token By Market Cap
With ADA up more than 15% over the past week, the token has gained $2 billion in capitalization.
As of now, the Cardano token is the eighth largest crypto asset by capitalization, while Dogecoin is the ninth.
With the stablecoin from Binance, BUSD, sitting at the top of the chart and the Polygon blockchain token [MATIC] filling out the top 10, both tokens are relatively far from their nearest neighbours.