New Cardano (ADA) Ledger App Update Introduces Smart Contracts Functionality

Leading crypto hardware wallet provider ‘Ledger’ has announced an upgrade for the Cardano (ADA) app which introduces the smart contract functionality of the Cardano ecosystem.

Cardano App Now Supports Smart Contracts

In September 2021, the Alonzo hard fork introduced the Cardano community to smart contract functionality for the first time. However, the compatibility has been lacking on the Cardano app for more than six months.

On Tuesday, April 26th, Ledger announced that the Cardano app had been upgraded to v.4.0.0, with the highlight of the upgrade being the introduction of smart contract functionality to the app. Ledger tweeted;

The app now provides users with access to the growing Cardano decentralized finance ecosystem via ‘YoROI’ and ‘AdaLite’. Ledger also revealed that, with the upgrade, users can now sign smart contracts on the Cardano app.

Cardano Founder Reacts

The announcement was well received by the Cardano community, and even caught the attention of Charles Hoskinson, Cardano’s CEO and Co-Founder. 

Hoskinson took to Twitter to celebrate the new milestone for Cardano. Replying to the announcement, he wrote: “Moving the chains. Great work, Ledger.”

On the Flipside

  • The development was able to break Cardano (ADA) out of its long bear cycle, which is now down by more than 5% over the last 24 hours.

The 24 hour price chart for Cardano (ADA). Source: Tradingview

Why You Should Care

The Ledger’s Cardano app upgrade grants its users the necessary exposure to the latest features of the Cardano ecosystem.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

Author

Milko is a DailyCoin reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs).