On January 24th, the Cardano (ADA) network once again experienced interesting growth in smart contracts. Combined, the number of smart contracts on Cardano’s blockchain was 24,050. Additionally, we see Cardano evolving with new releases and trying to keep up with competitors like Solana (SOL) Ethereum (ETH).
Historical Cardano pattern discovered, with potential breakout to $7
Cardano news
Record high of almost 10,000 smart contracts
Yesterday, Cardano reached 24,050 V1 and V2 Plutos smart contracts, a record high. Plutus' smart contracts consist of components that run on a blockchain, but also components that run outside of the blockchain. Plutos is actually a type of programming language designed specifically for Cardano. What makes it special is that it is written in Haskell, an advanced programming language.
The increase is significant, as on January 1, 2024 the number was still 14,379, according to Cardano Blockchain Insights. It now shows that it has grown by almost 67% and added almost 10,000 smart contracts.
Cardano continues to develop
Cardano is continuing to develop on its platform in the area of smart contracts. By 2023, almost 10,000 contracts were added and increased development activity was visible.
The recent surge in smart contracts is notable after the Cardano team previously implemented the Plutus Core language for Untyped Plutus Core. Following this implementation, Cardano saw significant improvements to its platform in terms of reducing the cost and size of most programs.
🚀 Free Crypto: Dutch Broker Makes Crypto Insiders Readers SHIBA Millionaires Today; Get your free 1,000,000 SHIB
Advertising
Anycoin Direct
Various publications Cardano
Cardano has had several releases since the beginning of this year. These are primarily aimed at improving performance, scalability and interoperability. Examples of new releases include Hydra and Marlowe 0.3.0.
Hydra is a Layer 2 protocol from Cardano that aims to improve efficiency and transaction processing. Marlowe 0.3.0 was introduced to enable developers to create, test, and deploy smart contracts safely and easily. On January 11th announced The Marlow team stated that the website is live.
Cardano is currently trading at around $0.47 and is the eighth largest cryptocurrency by market value.
Would you like to discuss this news? Join our vibrant Telegram community with over 5,000 members for free! Here you can easily discuss the latest crypto trends and expectations.
Post views: 0