Cardano has moved to a next level of enhancing its network through the release of new software, which seeks to address problems related to the network’s transactions. Interestingly, a new digital coin has also been making some moves towards the development of its platform and that is Raboo ($RABT). While creating its AI-based and meme-generating Rabooscan, the platform has reached a new stage called Model Development. To what extent would these updates affect these crypto platforms in the future? Well, read on to find out.
Cardano’s Ogmios upgrade addresses transaction errors, paves way for DEX Screener integration
Recently, a new version of Ogmios, which is a tool that assists in the communication of Cardano nodes, was launched. This update is called Ogmios v6.7.0, and its purpose is to address some issues connected with transaction errors that happened at various stages of the Cardano network’s evolution.
This upgrade is a major step for Cardano since it will make its liquidity pools listed on DEX Screener, a popular decentralized finance (DeFi) platform . At the moment, DEX Screener covers 34 ADA-based liquidity opportunities, and the largest pool, BOOK/ADA has a market capitalization of $121 million.
While the Cardano Ogmios upgrade continues to make headlines, ADA has been performing relatively well in the market. The crypto data-tracking platform CoinMarketCap tracks the current price of ADA at $0.3844, which reflects about an 16.84% rise over the last 7 days. The updated Ogmios software can be found in the official Cardano GitHub repository, called Cardano Solutions.
Raboo’s native AI, Rabooscan set for a crucial development phase
Raboo is the new digital coin that recently shared an interesting update about its AI meme generator, Rabooscan, just as Cardano has launched the Ogmios v6.7.0 upgrade. This update marks a major step forward for the technology, which is now moving into a new phase of development after successfully completing its initial stage.
Before entering this new developmental phase, the team working on the Rabooscan have already built a strong foundation by gathering a wide variety of data to ensure the technology can create memes that resonate well with users. After cleaning and labeling, the data was organized for easy AI model training, thus completing the initial development stage.
Now in the next stage, which is the Model Development phase, Rabooscan will undergo various algorithm tests to identify the best option for generating memes. The selection of tests will be based on creativity, coherence, and relevance so that the software will be able to capture unique humor and quality memes.
In order to access this innovative Rabooscan feature, investors are recommended to first purchase $RABT tokens, especially while they are still selling at the current price of $0.0057 each in its ongoing token presale.
Conclusion
Experts suggest that if Rabooscan’s model development phase succeeds in democratizing meme creation and enabling users to engage in meme trading for passive income, Raboo could become a transformative platform in the meme sector. Meanwhile, the Cardano network is expected to benefit from the Ogmios v6.7.0 upgrade, which aims to address key transaction errors and enhance its integration with DeFi platforms, thereby boosting liquidity and user confidence.
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