Cardano blockchain foundation has just announced the release of a new update on its network on the Christmas eve day, the CEO of IOHK, Charles Hoskinson, has said.

Similarly, the blockchain’s new incentivized Shelley testnet, according to PoolTool, has also attained a glorious height of 8.9 billion ADA coin staked (circa $300.335 million) at press time. The 8.9 Billion stacked ADA accounts for only 28.7% of the 31 billion total supply available.

According to Hoskinson, Cardano team worked on the wallet backend and Daedalus to ensure the stability of the blockchain network, and functionality of better user experience. The CEO said the development was such a major step forward for Cardano, and it was done by some members of the team who decided not to go on holiday.

The new version of Daedalus (v2.0.1-ITN1) released by Cardano is dedicated to crushing bugs on the network, as well as affected balance and stake pool display for some users.

Hoskinson added by January Cardano should have a full team back on board and all of the complaints from users would be cleaned up by then. The CEO concluded that another major update is that 500 stake pools have registered.

Early when the number of registered stake pools was 340, Charles Hoskinson said he was flabbergasted by the response and progress achieved.

“We’re just super excited about the overwhelming response. When we planned this out, we said we’d probably have 25 to 50 independent stake pools beyond the Emurgo, IOHK and CF [Cardano Foundation] infrastructure. We’re now looking at about 340 that have registered. We’ve already gotten past that saturation point of 100”.