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Cryptocurrency News Articles

Cardano (ADA) and Raboo ($RABT) Move to the Next Level of Enhancing Their Network

Sep 26, 2024 at 07:38 pm

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.

Cardano (ADA) and Raboo ($RABT) Move to the Next Level of Enhancing Their Network

Cardano has unveiled the next phase of its network enhancement with the release of new software designed to tackle issues related to the network’s transactions. Notably, another digital coin has also been making some moves in developing its platform. We're talking about Raboo ($RABT). The platform has reached a new stage in creating its AI-based and meme-generating Rabooscan, which is now entering the Model Development phase.

How will these updates unfold and impact these crypto platforms in the future? Well, let's dive in and find out.

Cardano’s Ogmios upgrade addresses transaction errors, paves way for DEX Screener integration

A new version of Ogmios, a tool that helps Cardano nodes communicate with each other, has recently been released. This update, known as Ogmios v6.7.0, aims to address some issues related to transaction errors that occurred at different stages of the Cardano network’s evolution.

This upgrade is a significant step for Cardano as it will now have its liquidity pools listed on DEX Screener, a popular decentralized finance (DeFi) platform. Currently, DEX Screener covers 34 ADA-based liquidity opportunities, with the largest pool, BOOK/ADA, boasting a market capitalization of $121 million.

While the Cardano Ogmios upgrade continues to make waves, ADA has been performing relatively well in the market. According to the crypto data-tracking platform CoinMarketCap, the current price of ADA is noted at $0.3844, reflecting an increase of approximately 16.84% over the last 7 days. The updated Ogmios software can be found in the official Cardano GitHub repository, Cardano Solutions.

Raboo’s native AI, Rabooscan set for a crucial development phase

Just as Cardano has rolled out the Ogmios v6.7.0 upgrade, another digital coin has shared an interesting update about its AI meme generator. Meet Raboo.

This update marks a major step forward for the technology as it now moves into a new phase of development after completing the initial stage of Rabooscan.

Before entering this new developmental phase, the team behind Rabooscan has already laid a solid foundation by gathering a diverse range of data to ensure the technology can generate memes that resonate well with users. After cleaning and labeling the data, it was then 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 be testing out different algorithms to determine the best option for generating memes. The tests will be evaluated based on creativity, coherence, and relevance so that the software can capture unique humor and quality memes.

To get access to this innovative Rabooscan feature, investors are encouraged to first acquire $RABT tokens, especially while they are still available at the current price of $0.0057 each in its ongoing token presale.

Conclusion

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 groundbreaking platform in the meme sector. Meanwhile, the Cardano network is set to benefit from the Ogmios v6.7.0 upgrade, which aims to address key transaction errors and enhance its integration with DeFi platforms, boosting liquidity and user confidence.

You can participate in the Raboo presale here:

Telegram: https://t.me/RabootokenPortal

Twitter: https://twitter.com/Raboo_Official

Original source:newsbtc

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